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Promoting Financial Wellbeing


Friday 10 March 2023

Promoting Financial Wellbeing

By Katie McGrath of Wealth Wellbeing.

There are multiple aspects to financial wellbeing and the key one is receiving a meaningful financial education.  

The Money and Pensions Service (MaPS) has highlighted significant issues surrounding financial wellbeing and conducted research which highlighted some worrying statistics.  
43% of adults do not feel confident in managing their money, 61% of adults in NI don’t know enough to plan for their retirement and 56% struggle to keep up or are falling behind or have fallen behind with bills or credit commitments. 


In the midst of a financial crisis, increasing costs and rising inflation, there is no doubt about the links between financial wellbeing and people's physical and mental health and the impact on the workforce. Sadly, Northern Ireland has higher levels of mental ill health than any other region in the UK.  1-in 5 adults and around 45,000 children have a mental health problem at any one time.

Following their research MaPS has acknowledged the link between financial wellbeing and the lack of financial education or support available but the question remains for many organisations.  How can you support your employees' financial wellbeing and help implement the 10 -year framework that has been mapped out by MaPS?  

Wealth Wellbeing, headed up by Katie McGrath FIA CERA has been established to collaborate with companies focused on enhancing their employees’ wellbeing through providing financial education. Through tailored workshops, Wealth Wellbeing can provide financial education often resulting in the reduction of stress and anxiety around managing finances while giving individuals confidence and security in their financial future. 

Through their range of workshops, (such as the recent one with Youth Action Northern Ireland), participants discuss ways to tackle the cost-of-living crisis, budgeting, and their spending habits. 

“The workshop was really good; Katie did a great job tackling a subject that people can feel uncomfortable with.” Olivia D Youth Action NI. 

“I really, really enjoyed the workshop. It was very easy to understand and felt quite achievable. It’s such an important topic and it’s better than just burying my hand in the sand and the workshop has made me re-evaluate.” Kerry R Youth Action NI.

Katie from Wealth Wellbeing says’ I love getting out into the community and working with like-minded people who want to get on top of their finances. Wealth Wellbeing's proposition is to empower and equip people with the tools and understanding to achieve their financial goals providing them with a sense of security, excitement, and confidence in their financial decisions for the future” 

Wealth Wellbeing focuses on the impact of finances on individual's wellbeing and empowers them to take control over this area of life. If this is something you would like to consider providing for your team, then keep up to date with Katie on LinkedIn, Facebook & Instagram. 

Further information can be found on Wealth Wellbeing & what we do, & my courses for 2023, via my website

You can also get in touch directly via

Friday 10 March 2023

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