Become a workplace champion today

Who is a Workplace Champion?

This is someone who is dedicated to improving at a certain area of within an organisation. They are highly motivated to share their enthusiasm and engage their
community.

We are looking for members, who are part of our Payroll Deduction Scheme with one of our partners, to refer our Payroll Deduction Scheme to their colleagues. By referring your colleagues, you will indirectly help them reduce their money worries and show them how to get into the habit of saving.

As a thank-you, you (the Champion) and your referee will both receive an additional £100 to their account when they take an introductory loan of up to £2000. Terms and conditions apply.

Interested members should contact graham@cus.coop providing their own contact details and their work location.

Together, we can take the money out of worry and create a more productive workplace for everyone.

Hertsavers Payroll Deduction Scheme – apply today

Have you been ever been stressed at work because you are worried about your finances? Does it affect your performance at work? You are not alone… From research done by ABCUL,

“1 in 4 employees lose sleep over money worries.

“59% of employees with money worries say they are not working at their best.”

“26% of working age adults in the UK have no savings at all and a further 29% have less than £1,000 in savings.”

As Hertsavers, we help you take the worry out of money. By joining our Payroll Deduction Scheme, you will be able to save and borrow with us.

When you put aside a predetermined amount of money from your salary/wages each month without spending it, you will automatically save money even without thinking about it. This will help you stop worrying about remembering to put money aside for a rainy day as we would have done it on your behalf.

What’s more, you can take out an introductory loan as soon as you join the credit union.

By taking the money worries away, you will be more productive and less stressed at work.

Apply now

How to boost your financial wellbeing for better mental health

At Hertsavers, we believe that you need to look after your mental health as much as your physical health. According to Mind, the mental health charity, poor mental health can make it more difficult to make earnings and manage money. At the same time, worrying about money can make your mental health worse.

From a survey conducted by Money and Mental Health, 86% of the participants who had experienced mental health problems said that their financial situation worsened their mental health problems.

Those who are suffering from financial stress may experience insomnia (lack of sleep), depression, anxiety, physical health issues such as high blood pressure, weight gain or loss, alcohol or drug abuse, relationship issues and even self-harm or suicidal thoughts.

Here are some of the ways that can help you boost your financial wellbeing:

1. Create a financial plan and stick to it.

Think about what you will be doing to help you cope with the situation that you are in. Do you have spending issues? Get in to the habit of setting a budget. Are you stressed at work? Look for a new job or a side hustle. Paying too much for bills? Shop around for better deals.

Once you have identified the issue and possible solutions, set yourself some goals by making them SMART.

After setting your goals, monitor your progress by checking in. Reward yourself if you have hit a milestone. If you have gone off-track, rein yourself in.

Remember, the more detailed and realistic your plan is, the better the chance that you will follow through. You can even ask someone that you trust to hold you accountable to make sure that you stick to your plan.

2. Set up a monthly budget and review it regularly.

Setting up a budget will not only help you achieve your financial goals but also help you prevent spending unnecessarily.

By keeping track of your budget frequently, you will be able to look for ways to save money, prioritise what you are spending on and see what else you can do to reach your financial goal.

3. Declutter your finances.

After you have reviewed your budget, you can identify what you can spend less on to save money or see what you can remove from your budget if you don’t need it anymore. For example, if have a subscription that you haven’t used, you can stop it. If your mobile contract is about to end, you can start looking for better deals.

You can read our blog for more details on how you can declutter your finances.

4. Get into the habit of saving.

The habit of saving can be quite difficult to stick to however, if you have the right mindset, you will see the results of saving.

Create a goal of how much you are thinking of saving every week/month.

If it helps, you can open a savings account with us so that you have a pot where your money goes. You can find out more here.

Give yourself small rewards for every milestone that you hit. Though make sure your treat/reward costs less than what you have saved :-).

You can read our blog on ‘How to get into the habit of saving money’ here.

5. Get some money mantras that can help whenever you feel low.

Mantras are powerful that can help you boost your confidence and self-worth. They can also help in creating peace and prosperity.

For example:

“I am grateful for the money I have and eager for the abundance that is to come.”

“I forgive myself for my past poor money choices.”

6. Talk to someone about your financial situation.

As the saying goes,” A problem shared is a problem solved.” This is true when it comes to talking to someone about your financial situation. Money is often perceived as a taboo topic however when you do open up, it can help resolve the issues that you may have.

By talking to someone about your worries can help you make sense of what exactly it is that is causing you grief. In fact, sometimes your friend/loved one could even help you come up with a solution that you hadn’t even thought of.

If you need professional advice, there are lots of services that are available such as StepChange and Money Advisory Service.

7. Destress yourself

Financial difficulties don’t disappear overnight however for your mental wellbeing, you can find different ways to help you attain peace of mind.

  • Practice meditation and breathing techniques especially when you have five minutes to spare.
  • Get some exercise into your routine.
  • Get some sleep as feeling tired can make you feel agitated and even more worked up.
  • Practice gratitude – even though you may be struggling financially, think about things that you appreciate. This will help you boost your mood.
  • Eat healthily to help support your mood, and improve your energy.

‘SHARK’ – an interactive film plus free training sessions

The England Illegal Money Lending Team are proud to launch a new interactive film ‘SHARK’ showing the dangers of loan sharks on social media created by the Perception Theatre Company. It’s part of a drive to educate young people about the risks associated with borrowing from loan sharks on social media.

The film which has decision-making pauses where you can decide what route they’d choose has been funded from cash recovered from loan sharks under the Proceeds of Crime Act (POCA).

You can watch the film here.

Stop Loan Sharks training sessions:

Session 1: Could you spot a loan shark?

The purpose of loan shark training is to provide information and knowledge about the issue, how it relates to your work and how we can help those who have borrowed from illegal lenders. The length of the session is approximately one and a half hours.

It will include key things to look out for as a sign that a friend, client or colleague may be involved with a loan shark. The session will show the impact that illegal lenders have on victims and communities and how we can work together to stop people falling into the clutches of criminals.

01 June 1030 -1200

13 July – 1030 – 1200

Session 2: Changing Lives: A loan shark victim’s journey and the part you play.

A continuing learning opportunity for those who have already received Stop Loan Sharks training – this is an additional learning tool for those that already know the basic facts about loan sharks. Learn about the implications and facts around reporting or not reporting for your business and staff; Learn about victim safety, Data Protection issues and how to help victims open up about their situation.

08 June – 1030 -1200

20 July – 1030 – 1200

Session 3: Do you understand credit unions?

Everything you needed to know about credit unions: Learn about the credit union sector – what they are, how they operate, things they do and how we can work together to encourage financial inclusion.

22 June – 1030 – 1200

27 July – 1030 -1200