WFHRMA April: Financial Education with the OCCC

VIRTUAL MEETING

"Financial Fitness"

Program Description: 

A recent study by PwC found 57% of employees say finances are the top cause of stress in their lives. While employers often can’t solve all of the problems that lead to financial stress, there are things we can do as organizations—and as leaders and managers—to begin to elevate the importance of financial wellness in the workplace and begin to normalize conversations about it, much as we have other aspects of employee well-being. The financial education provided by the OCCC can serve as a resource to your staff. 

Your financial outlook can impact your physical, mental, and emotional well-being, so let us help you make positive financial decisions and achieve financial fitness. This session will help you assess your level of financial fitness, set financial goals, and manage your money-mindset.

Learning Objectives:

By the end of this session, participants will be able to:

1. Assess Current Financial Health

   • Identify key indicators of personal financial fitness.
   • Evaluate current spending, saving, and debt management habits.

2. Set Realistic Financial Goals

   • Define short-term and long-term financial objectives.
   • Apply SMART goal-setting principles to create actionable financial plans.

3. Understand the Money-Mindset Connection

   • Recognize how beliefs and emotions influence financial decisions.
   • Develop strategies to shift toward a positive and proactive money mindset.

4. Implement Practical Financial Strategies

   • Learn techniques for budgeting, saving, and reducing debt.
   • Explore tools and resources for ongoing financial management.

5. Link Financial Wellness to Overall Well-being

   • Understand the relationship between financial stability and mental, physical, and emotional health.
   • Identify habits that support both financial and personal wellness.

What is the OCCC?

The mission of the Office of Consumer Credit Commissioner (OCCC) is to regulate nonbank financial services and to educate consumers and industry providers, fostering a fair, lawful, and healthy financial services market that grows economic prosperity for all Texans. The OCCC’s mission is accomplished by promoting the highest principles of professional conduct, ethics, stewardship, and conservation of funds, while engaging in limited, balanced, and effective regulation. To fulfill the agency’s mission, the OCCC observes the following four-part philosophy:

• Regulate fairly, efficiently, and effectively, balancing the needs of both consumers and financial service providers by enforcing Texas credit laws and licensing qualified financial service providers.
• Educate consumers about rights, responsibilities, and remedies, and financial service providers about rights and responsibilities
• Communicate collaboratively, encouraging communication among the financial services industry, consumer public, and the OCCC.
• Protect and safeguard consumers against unlawful and unfair lending practices.