What is financial resilience?

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Financial resilience is the ability to withstand and recover from temporary financial hardship due to a sudden fall in income or an unavoidable rise in expenditure.

We believe that financial resilience is a long-term and ongoing process. By alleviating immediate financial concerns through Track and Stream and then developing longer-term security through Save and Learn, Wagestream users are able to withstand uncertain events and begin a journey to financial fitness.

How Wagestream helps financial resilience

Track

Track earnings in real-time. Set up reminders for recurring bills. Easily measure income vs outgoings.

75%

of UK workers have volatile, unpredictable pay

Plan ahead and budget

Stream

Access your earned wages at any point in the month. Avoid unnecessary debt caused by short-term cash-flow issues. Stream directly into your bank account. Take control of your payday.

Over 50%

Have run out of money before payday

Avoid inappropriate debt

Learn

Get financially educated. Have access to financial tools to build money confidence. Trusted and impartial information.

39%

do not feel confident managing money

Make informed financial decisions

Save

Save the pennies directly after each shift. Create a saving culture through incentivised savings. Build a buffer against future unexpected costs.

11.5M

Have less then 100£ in savings

Develop a regular savings habit