Bloom — Employee Financial Wellness
Bloom is MyBudget's financial wellbeing programme for employers. It gives your people practical support with their money, delivered by the service that has helped more than 130,000 Australians since 1999.
Why financial wellbeing belongs in your benefits package
Financial stress does not stay at home. It clouds focus, drains energy and chips away at morale.
According to the AMP Report, 2024:
- financial stress costs Australian businesses $88.95 billion in lost revenue every year
- financially stressed employees spend an average of 11 hours per month dealing with personal finances at work
- 22% of workers take time off to deal with creditors or debt management
Those are AMP's figures, not MyBudget's, and they describe the Australian workforce broadly rather than any individual employer.
How Bloom differs from other wellness programmes
Most workplace wellness programmes address physical or mental health. Bloom addresses financial health — described by MyBudget's Founder and Director Tammy Barton as the number one cause of stress in Australia.
It is proactive rather than reactive, practical rather than educational, and personalised to each employee rather than delivered as a generic seminar. An employee does not get a webinar about budgeting; they get a budget.
What employees get
Bloom gives your people access to MyBudget's service: a personalised 12-month budget, Money Coach support, and the tools to manage bills, reduce debt and build savings. Each employee's financial situation stays confidential between them and MyBudget.
What employers get
- Higher productivity, with less work time lost to personal financial admin
- Better staff retention
- A benefit that addresses a root cause of stress rather than its symptoms
- A visible signal that you care about your people's whole wellbeing, not only their output
Employers already offering Bloom
MyBudget publishes co-branded Bloom pages for a range of Australian employers, including Active Utilities, AMES Australasia, CDK, Green by Nature, ITM, Matthews Hospitality, Morphettville, Peppermint Lane, RFBI, R.M. Williams, SA Heart, Sensei, Sunshine Mitre 10, United Franchise and Viva Mutual.
Important information
Bloom is a budgeting and money management service. MyBudget is not a licensed financial adviser and does not provide personal advice about investments, superannuation, insurance or financial products to employees.
Participation is voluntary for employees, and an employee's financial details are not shared with their employer.
Talk to us about Bloom
To discuss Bloom for your organisation, contact MyBudget on 1300 300 922 or email marketing@mybudget.com.au for partnership enquiries.
What is Bloom by MyBudget?
Bloom is MyBudget's Employee Financial Wellness Program, designed to help employees reduce financial stress, improve wellbeing, and boost workplace productivity.
What does the Bloom program include for employees?
Bloom offers a free 2-hour budget appointment with a Personal Budgeting Specialist, a personalized 12-month budget plan, expert financial education workshops, one-on-one financial wellbeing sessions, a smart budgeting app with automated bill payments and 24/7 expert support, help with creditor communication, and exclusive discounts on MyBudget services.
Is there a cost to employers for offering Bloom to their staff?
No, Bloom's services are delivered to employees at no cost to employers.
Who is Bloom designed for?
Bloom is designed for Australian workers at all financial literacy levels, whether they're managing loans, planning for retirement, or navigating rising cost-of-living pressures.
Why does financial stress matter for businesses considering Bloom?
Financial stress is the number one cause of stress in Australia and significantly impacts workplace performance; 66% of Australians report feeling financially stressed, 72% say it affects their sleep and motivation, 88% of financially stressed workers say it impacts their work performance, 11 hours per month are lost to personal finance distractions at work, and 22% of workers take sick leave to deal with creditors or debt management.
How can I learn more about bringing Bloom to my organization?
The page invites visitors to get a free Bloom Info Pack to learn how the program can help employees reduce financial stress and improve workplace wellbeing.
What kind of support does the Bloom budgeting app provide?
The Bloom budgeting app includes automated bill payments and 24/7 expert support to help employees manage their finances.
Does Bloom help with debt-related issues?
Yes, Bloom includes help with creditor communication, assisting employees who need support negotiating debt arrangements.
Images on This Page
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The MyBudget app demonstrating flexible budget planning and debt management features for Australians to reach financial goals.
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Tammy Barton, Founder and Director of MyBudget, giving her financial tips.
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MyBudget clients Megan and Creagh featured in client stories celebrating achieved financial goals and successful debt solutions in Australia.
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Tammy Barton, Founder and Director of MyBudget, introducing a podcast on budgeting help and achieving financial goals for Australians.
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MyBudget's Bloom Employee Financial Wellness Program review.
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Tammy Barton, Founder and Director of MyBudget, sharing financial wellbeing and budgeting insights for Australian workplaces through the Bloom program.
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Higher productivity and staff retention
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Lower turnover, absenteeism, and burnout
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Stronger employee engagement and improved mental health
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MyBudget clients Aaron and Jake receiving financial coaching during an appointment for debt solutions and budget planning in Australia.
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MyBudget app showing a 12-month budget forecast, estimated closing balance and budget health score to help Australians plan ahead with confidence.
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