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It’s indisputable: living paycheck to paycheck is a major cause of emotional and physical stress.
Of all the anxieties that negatively affect “health”, financial anxiety is the most common, chronic, least addressed and now greatly exacerbated by inflation/recession, war and political chaos, especially so for people experiencing medical, mental health, family or employment issues.
It’s inexplicable: just seeing or hearing the words "Household Finances" engenders such apathy in consumers and cynicism in the financial, legal, HR, mental health and medical professionals.
It isn't that professionals are in denial or don’t recognize or care about client/patient’s financial stress. The inconvenient truth is that the professions do not have the body of knowledge, training, tools or skills necessary to effectively address clients living paycheck to paycheck. It’s telling that financial stress is only superficially alluded to in client/patient/HR questionnaires and rarely, if ever, mentioned in promotional/educational materials.
The consensus is that spending the time and effort necessary to actually manage household finances isn’t practical because there's too much detail, it's too volatile, too difficult to do and it won’t happen as planned anyway. The common financial advice to “Go on a budget!” is a financial placebo analogous to medicine’s “Take two aspirin and call me in the morning!”
Financial literacy, universally touted as “financial education”, has a syllabus a mile wide and an
inch deep. The general public cannot be made financially literate any more than they can be made medically or legally literate unless they're going to be a professional in those disciplines. However, everyone absolutely can be made financially, medically and legally literate about their specific circumstances!
LifeMath AI makes managing household finances practical and worthwhile because it takes so little time, effort and always results in introspection, awareness, choice - and it's free for Providers' clients, patients and employees. There are no involved instructions or directions, account numbers or identity information. It's 100% private and information safe because it doesn't need or use the Internet. User training is a ten-minute video. Consumer self-counseling is built in. Motivation and specific subject support are provided by User’s mental health, medical, financial, HR and/or legal professionals.
Although high tech, the LifeMath AI User interface is retro. Its familiar "loan application" looking format uses fill-in-the blank boxes and drop-down menus to walk and talk Users through entering information. It physically prevents input errors and readable graphs warn against entering inappropriate amounts. A comprehensive EXAMPLES page functions as a tickler list so no activities are missed.
In LifeMath AI's early days, direct advertising to attract clients for household money management products and services didn't work and it still doesn't! Fortunately, many organizations and professionals hosted our series of employee lunch break presentations on household economics. Over time, institution and independent mental health and HR professionals began referring clients to us as did financial and legal professionals.
It was the gravitas of those organizations and professionals that encouraged and, in some cases, strongly encouraged, their patients, clients, customers, insureds and employees to consider using LifeMath products and services.
It's noteworthy that, in over three decades of servicing 10,000+ referrals, there was never a client complaint made about us to any referring professional, organization or government or consumer protection agency. It wasn't only because we were ethical, objective and professional - we didn't sell anything, didn't make loans, didn't offer investments or insurance, didn't handle anyone's money, didn't have overt or covert agendas! We provided and still provide the technology for consumers to make their own good financial and lifestyle decisions.