Employer RRSP matching helps, but real financial security needs deeper literacy. Understanding cash flow and budgeting cuts money stress and improves both employee well-being and company performance.
If companies have RRSP matching, it's such a benefit, and I hope that the employees take advantage and appreciate that their employer is doing that for them. But having worked with people and their personal finances for almost 10 years, I can tell you that it's not— there's so much more that goes into personal finance and financial success and financial security, because we all just want to know that we're going to be okay. We all want to have as little stress as possible around our money. Providing financial literacy in the workplace, as I said, helps the employee and helps the business as well. It's the unfortunately boring things like cash flow and understanding why that matters. Like, most people don't understand how important cash flow is. And budgeting, but it is the number one thing when it comes to financial success.
