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Welcome to the Bank of Hawaii Financial Wellness Hub

For a Better Tomorrow

We believe that everyone should have the opportunity to achieve a better tomorrow for themselves and their families. We know that, because of Hawaii's high cost of living, just getting by can feel like a struggle. That’s why we're committed to providing you with useful tools and resources to help you achieve your goals.

Financial Health Starts Here

Get a Personalized Look at Your Next Steps

woman looking at her financial tracker score on computer

Take charge of your financial health: With just a few simple questions, our Financial Health Tracker creates a personalized Financial Health Score - broken down into four key areas: Spending, Saving, Borrowing, and Planning. Based on your score, you receive useful tips to help you make progress where you need it most. 

Financial Health Tracker

Bank with Ease

Find a Money Saving Alternative to Prepaid Cards

EASE by Bank of Hawaii®, a better alternative to prepaid cards. Unlike reloadable pre-paid cards that are loaded with fees, with EASE by Bank of Hawaii, you can make purchases using your Visa® Debit Card, add or get cash at Bank of Hawaii ATMs with no fees.

Learn more

Woman looking at her phone and sees EASE checking account

It All Adds Up

Start Planning with these Financial Calculators

Check out our easy-to-use financial calculators. Whether you’re building a monthly budget or creating an emergency savings account, these tools will help you plan.

 

Learn the Basics of Financial Health

Spending

Spend less than your income. Pay all of your bills on-time.

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A majority (54%) of Hawaii residents spent equal to or more than their income.  This compares unfavorably to the national figure of 46% and reflects the relatively high cost of living in Hawaii comprised primarily of housing (18%-23%), child care (13%-20%), food (16%-17%), and transportation (9%) expenses.  Let us suggest ways for you to spend less than your income and pay all of your bills on-time.*                                                                                                             

Learn more

Saving

Save enough to cover 3 months of living expenses.

article-How-to-Optimize-saving-300x150.jpg

As a general rule-of-thumb, saving 3 months or even 6 months of living expenses is important to cover a financial shock.  A financial shock is an unforeseen income drop or expense item.  A significant amount of Hawaii residents (35%) do not have enough savings to cover 3 months of living expenses.  Let us suggest ways for you to save for an emergency and save for your retirement.*                                                                                                                                                                                                           

Learn more

Borrowing

Have a manageable debt load.  Have a prime credit score.

article-5-easy-documents-300x150.jpg

Particularly in Hawaii where housing prices are among the highest in the nation and wages are constrained, many residents are forced to take on large debt loads. Having a prime credit score, e.g., 700 or higher, is necessary for access to the lowest cost financial products.  Although Hawaii residents do better than their national peers in terms of having a prime credit score, there is still opportunity for people to learn how to improve and maintain a prime credit score.*

Learn more

Planning

Have appropriate insurance.  Plan ahead for expenses.

article-Life-Insurance-planning-300x150.jpg

Hawaii residents are less confident than their national peers that they have insurance policies that will provide sufficient support in case of an emergency.  Approximately half (49%) of Hawaii residents reported that they were not confident in their insurance policies compared with 42% nationally.  Although Hawaii residents (65%) plan their finances ahead better than their national peers (59%), this is likely to having less financial margin to face financial shocks.*

Learn more

Spending

Spend less than your income. Pay all of your bills on-time.

article-save-more-money-spending-300x150.jpg

A majority (54%) of Hawaii residents spent equal to or more than their income.  This compares unfavorably to the national figure of 46% and reflects the relatively high cost of living in Hawaii comprised primarily of housing (18%-23%), child care (13%-20%), food (16%-17%), and transportation (9%) expenses.  Let us suggest ways for you to spend less than your income and pay all of your bills on-time.*                                                                                                             

Learn more

Saving

Save enough to cover 3 months of living expenses.

article-How-to-Optimize-saving-300x150.jpg

As a general rule-of-thumb, saving 3 months or even 6 months of living expenses is important to cover a financial shock.  A financial shock is an unforeseen income drop or expense item.  A significant amount of Hawaii residents (35%) do not have enough savings to cover 3 months of living expenses.  Let us suggest ways for you to save for an emergency and save for your retirement.*                                                                                                                                                                                                           

Learn more

Borrowing

Have a manageable debt load.  Have a prime credit score.

article-5-easy-documents-300x150.jpg

Particularly in Hawaii where housing prices are among the highest in the nation and wages are constrained, many residents are forced to take on large debt loads. Having a prime credit score, e.g., 700 or higher, is necessary for access to the lowest cost financial products.  Although Hawaii residents do better than their national peers in terms of having a prime credit score, there is still opportunity for people to learn how to improve and maintain a prime credit score.*

Learn more

Planning

Have appropriate insurance.  Plan ahead for expenses.

article-Life-Insurance-planning-300x150.jpg

Hawaii residents are less confident than their national peers that they have insurance policies that will provide sufficient support in case of an emergency.  Approximately half (49%) of Hawaii residents reported that they were not confident in their insurance policies compared with 42% nationally.  Although Hawaii residents (65%) plan their finances ahead better than their national peers (59%), this is likely to having less financial margin to face financial shocks.*

Learn more

Smart Spending

3 Easy Steps to Creating a Smart Budget

One of the most important steps toward becoming financially secure is creating a spending plan for your money. Budgeting your finances will allow you to save money, make the most of what you earn and help you reach your goals. Don't worry! Creating a budget is easier than you might think. 

3 easy steps article
Tips for financial wellness

SmartMoney Monday

Watch our short, useful videos covering a variety of finance-related topics.

Watch now 

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*This data is part of the Hawaii Financial Health Pulse 2019 Survey, developed by the Financial Health Network. The content of this web page is solely the responsibility of the authors and does not necessarily represent the official views of the Financial Health Network.

Provided for informational purposes only and is not intended to be financial advice by Bank of Hawaii. Bank of Hawaii will not be responsible for any damages resulting from reliance upon the information provided. Please consult a financial professional for information applicable to your specific situation.

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