If raises aren’t in your budget, you still have the means to help your staffers stretch their dollars.

1. Run an efficient operation

In tight times you may not be able to pay workers more. But there are ways you can help them. First, your sloppy execution as a leader can take a giant toll on employees’ pocketbooks. If they can’t leave at closing time without feeling like defectors, you’re costing some of them hundreds of dollars a month in extra child-care expenses–or forcing their spouses to pick up the slack.

2. Invest in financial education

A shocking 41% of employees can’t cover their expenses, according to a new survey by the Society for Human Resource Management (SHRM). You can’t tell the people who work for you how to spend their hard-earned money, but you can offer onsite budgeting classes, as did the owner of one manufacturing firm I know. There are plenty of free sources you can tap, from local credit unions to nonprofit financial-literacy groups.

3. Help them raise their credit scores

It will shrink their mortgage and auto loan costs. “A 50-point difference can mean a 2% to 3% increase in the cost of a loan,” notes Shawn Gilfedder, CEO of McGraw-Hill Federal Credit Union in East Windsor, N.J., which sponsored the SHRM survey. Buy a stack of Philip Tirone’s 7 Steps to a 720 Credit Score–the best book on the subject–and offer it to employees as a freebie.

Read the rest at Fortune.com