‘Financial wellbeing’ can mean different things to different people. It could be about having a sense of security that you have enough money to meet your needs, being in control of your daily finances, developing the financial freedom to make your own choices – or all of these. Financial priorities can also change depending on where someone is in their employment with the School, and indeed in life in general.
If financial concerns or issues are having an impact on wellbeing, there’s a range of ways in which the School can help, including LSE Extras (the School’s benefits and discounts platform for staff), financial awareness webinars and support for those facing financial hardship. Also, the Staff Benefits webpage is a great way to see, at a glance, the full list of perks to which LSE staff are entitled.
For a proactive approach, the following table may be useful to help an individual identify which aspects of financial wellbeing they wish to focus on, and how the School can help.
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What does it mean in practice?
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What is available to help here?
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Control over the day to day
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- Avoiding overspending on your income
- Debt and expenses are manageable
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Prepared for the unexpected
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- Having the capacity to absorb a sudden financial shock
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Freedom to make choices in life
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- Having access to resources and guidance to improve your financial situation
- Discuss concerns with Staff Counselling or the EAP
- Get a fees remission to support your learning
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On track for the future
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