Financial Wellness is a skill often never learnt. Lack of knowledge can lead to debt, poverty and stress. Financial pressure often negatively affects health, relationships and work.
Payday loans can be like a financial treadmill which never stops.
Flexiwage helps to relieve this financial pressure, by a combination of a flexible payroll payment cycle, smart tech and self-help education to help you in your spending, budgeting and saving.
Ann is paid monthly. Flexiwage allows her to schedule her income in a way that suits her needs. The lion’s share of her bills are due in the first week so she takes 60% of her monthly income then and spreads the rest over the next 3 weeks. Previously she often went overdrawn or needed credit in the last week of the month.
Ann has developed healthier spending habits by setting a budget, using the budgeting tool. From there, with open banking, she tracks her spend against her budget, using the in-built tracker and saves accordingly by transferring into her savings account at the point of pay.
Flexiwage offers continued financial education around budgeting best practice to equip people like Ann., with regular advice from the Money Advice Service.
