Our health benefits can help you and your family thrive, both physically and emotionally.
Our financial planning resources are designed to support your short and long-term goals.
Our work/life offerings enable you to be your best, inside and outside of the workplace.
Our compensation programs reward you for making the impossible, possible.
Did you know that finances are often cited as the number one cause of stress? It’s easy to feel overwhelmed when it comes to money — whether you’re saving for a big purchase or your future retirement. Feeling like you have your finances under control is a key contributor to your overall well-being, which is why Northrop Grumman provides resources to help you achieve your goals. Keep reading for five tips to find financial freedom.
Tip #1: Budgeting builds financial literacy.
Budgeting involves looking at where you spend your money, how much you spend, how often you spend and more. It’s important to understand your spending habits so you can identify areas for improvement. Whether you’re managing finances for yourself or an entire family, budgeting is the first step toward financial security. If you’re not sure where to start, the e-learning catalog on NetBenefits provides videos and courses on creating a budget, building an emergency savings fund, tackling debt, investing, saving for college and more. You can also browse ComPsych’s GuidanceResources, which features an extensive library of articles, guides and videos that cover a wide range of financial topics.
Tip #2: Set goals to measure success.
Once you have your budget, it’s important to set goals. Goals are success metrics, and they contribute to a sense of purpose and pride. Reaching a goal often boosts morale and is a great reminder that hard work literally pays off. Fidelity's Goal Booster℠ helps you set short-term savings goals, explore financial products and start saving today. From your first home to your firstborn’s college fund, this tool can help make it happen.
Tip #3: Plan for today to prepare for tomorrow.
Unexpected events can be extremely stressful if you aren’t prepared for them. Take control of your future by enrolling in the MetLife Legal Advantage Plan during Annual Enrollment. Providers can help you with financial preparation and provide peace of mind. Your plan typically covers a wide range of legal matters, including wills and estate planning, buying or selling a home, debt collection, traffic tickets, family law and more.
Tip #4: Secure your accounts to secure your future.
The worst way to lose money is to have it stolen from you. Don’t let your hard work go to waste by disregarding security measures. Protect your personal information with Norton LifeLock, which combines identity theft protection and device security for you and your family. This benefit is available to all employees, and you can enroll at any time.
Tip #5: Remember that there’s no such thing as a dumb question.
If you didn’t graduate with a finance degree — or even if you did — you may have a lot of questions. It takes a village to understand all there is to know about finances, which is why employees have access to complimentary financial consultations. Fidelity offers a one-on-one, phone-based financial well-being review with a licensed Fidelity representative, while GuidanceResources provides work and life resources to help you navigate divorce, adoption, family law wills, trusts and more.
We understand that balancing finances isn’t always glamorous, but Northrop Grumman is here to help. Implement these five tips to invest in your financial future. And if you’re struggling with financial issues or in a financial crisis, the NGCare Employee Assistance Program (EAP) provides free confidential guidance and mental health support 24/7.