To help you manage your financial wellbeing, all employees have access to Monash Health’s Financial Wellbeing Program by Money101.
The program offers over 100 bite-sized financial education modules covering everything from understanding super, managing your money to preparing for retirement. Learn at your own pace and optimise your learning by undertaking the modules that best meet your needs.
Each month, there are new featured modules and a feature article to help guide you through the program and highlight important money management challenges.
February’s featured modules
The featured modules for this month include:
- Interest rates – helps explain how interest rates affect our financial wellbeing and management, and what causes them to change
- Home loan basics – navigates the different types of home loans on the market and the options you have available based on your needs and means
- Financing your home – explores the different costs involved in refinancing an existing mortgage or financing a new home
To complete the featured modules, or to explore the other modules on offer, log in to Money101.
February’s featured article
This month’s featured article is: Economic outlook: Inflation and interest rates on the rise?
It is important to keep an eye on interest rates, especially if you have a mortgage. As interest rates rise, it leads to increasing mortgage repayment costs for borrowers. To find out more about inflation and increasing interest rates and to read the article, visit the Money101 portal.
For more information and for the program log in details visit the Financial Wellbeing Program by Money101 webpage. For further health and wellbeing resources, information and program details visit the Monash Health COVID-19 Employee Website.
Disclaimer
This article and the Financial Wellbeing Program by Money101 do not aim to provide personal financial advice. The Program is designed to provide you with financial education to enable you to make better financial decisions.
Approved by Karen Lowe.