Shannah Shares: Are My Workplace Benefits Valuable

Welcome back to another episode of Shannah Shares, community Q&A. In this episode, I’m tackling a question from a MMP listener, Susanna. “Hi there, Shannah. I’ve been listening to the show for a while now and finally got up enough nerve to ask a question. I’m new at a company and looking all over the workplace benefit options has my head spinning. I don’t know how to place any value on what I’m being offered, or really, what to pick. I’m also really thinking about money lessons from the pandemic and how that shapes my benefits - like hello mental health benefits. Also, I know I just started working for this company but I’m also considering making a big life change and start building my own business. Of course, if I do that, I loose out on all the juicy benefits…but again, I don’t even really know if those are of value. Ok, so you see, I’m lost here. I’d love to hear any tips from you or experts who can help guide me in valuing all of this and thinking about takeaways from the pandemic. Oh, also, any tips for deciding if it’s worth leaving these benefits behind because they can also be expensive.Thanks so much for answering my question.” I had a chance to speak with Marquis Smallwood, Vice President of Workforce Engagement at MetLife and Marsha Barnes, CEO of The Finance Bar, who deal with workplace benefits on a daily basis about this very question. Let’s hear their advice on how to know what benefits work for you and how to value those benefits. Links MetLife The Finance Bar Upwise App Marquis Smallwood on LinkedIn Episode Sponsors A big thanks to all the sponsors who make this episode possible: Find out how Upstart can lower your monthly debt payments today when you go to UPSTART.com/mymoney.  I want you to start living a happier life today. As a listener, you’ll get 10% off your first month by visiting our sponsor at http://www.betterhelp.com/mymoney.  Sign up for Lendtable at Lendtable.com with promo code MILLENNIAL for an extra $50 off your Lendtable balance to start securing your financial future now. Visit Lendtable.com today to see how much you can make because it's never too late to start investing in future you.  To see the new Lexus NX and to discover everything it was designed to do for you, visit Lexus.com/NX. FOLLOW & SHARE Leave us a 5-star review. Head to this link and let us know why you love the show. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! http://bit.ly/millennial-money. Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Sign up for my weekly Let’s Talk Money email newsletter https://bit.ly/letstalkmoneyemail Shannah Shares: Community Q&A Have a Shannah Shares question, submit it here https://www.mmoneypodcast.com    Follow Me Here for More Money Tips Shannah on Twitter https://twitter.com/shannahgame  Shannah on Instagram https://www.instagram.com/shannahgame/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices