Do You Know All of the Benefits Your Employer Provides?
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Do you remember when you first got hired at your current job and you were given a giant packet of information regarding your benefits? If you’re like most of the population, I’m guessing you only cared to learn about popular and sought-out benefits like retirement and health insurance. This is all my husband and I really looked into when he first started working for his current employer 4 years ago. It wasn’t until these past few months after a few conversations with coworkers that we’ve learned about benefits we never knew about. I’ll share a handful we learned are available as well as a few other unique perks I’ve heard friends have taken advantage of.
New Skill Training
My dad’s company used to offer free classes that taught a new skill. He learned how to install glass block windows and participants got to practice by helping one another install a new window in their home. He also took a class on generators and power washers and was given a free one after completing the class! Another friend of mine works for Toyota and takes advantage of the free Japanese classes offered during her lunch hour. I’ve taken a lot of free classes at the local community college where I teach my nutrition class. This has been a great perk and I’ve enjoyed classes like plumbing 101, electricity 101, homesteading, Google Analytics, and SEO.
The most recent free class I took was on wills, trusts, and estate planning. I’m sure the cost of a will or living trust varies depending where you live but we were told to expect paying $1,000-$2,000 to set up a living trust. My husband and I decided it was an investment we wanted to make and were considering working with a local attorney to help us get things set up. Soon after I took the class we learned that we have access to an attorney through my husband’s employer for a fraction of the cost we would have paid seeking someone on our own. Talk about a fabulous benefits at your job!
Gym Membership Reimbursement
Unfortunately my husband’s office in Michigan doesn’t provide this but the main office in another state does. This would have been nice to have but thankfully we found a cheaper phone plan and were able to use the money we saved for my gym membership. Do you have these benefits at your job?
A friend of mine learned about a sweet perk from her employer: she was given a brand new bike for free! As long as she logged a certain number of miles by the end of that year she didn’t have to pay for the bike. She got a free bike, saved money on gas, and improved her health throughout the process.
My husband’s company offered to contribute an extra $1,000 each year to our HSA account by participating in a few wellness activities. One activity was a simple wellness screen where we had our cholesterol levels checked along with a waist circumference measurement. Another was a short wellness appointment over the phone where we got to discuss our lab results and any questions we had. The last activity we did involved a couple online workshops of our choice that only took ten minutes to complete. This benefit was a nice bonus last year when it came time to pay the medical bills for our first child.
Other Potential Benefits at your Job:
Pre-tax commuter benefits
On-site gym & fitness classes
Sure, free pens and doughnuts on Fridays are fun perks but make sure you’re taking advantage of benefits that could save you a lot of money. If you haven’t taken a look at the specifics of what your company offers, consider doing so before you miss out on more savings.Do you have any unique benefits at your job? What are they?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.
My name is Derek and I am a no-debt kind of guy! Stick around and you’ll learn how to pay off your debt, buy houses for cash, and load up your retirement!