Financial Wellness Should Be one of our Top Priorities.
Financial wellness is an important part of the happiness equation. In a recent survey, 87 percent of American respondents said nothing makes them happier or more confident than healthy finances. Let’s face it, if you’re not living paycheck from paycheck.. you’re not encountering that roller coaster stress ride that approaches you when the weekend are here.
Achieving money-related balance isn’t necessarily about a set dollar amount or your ability to pay for something expensive without flinching. It can be as simple as chatting about kick starting your travel fund or whether or not your company offers a 401(k) match.
“Financial wellness is about developing a healthy relationship with money—to include feeling a sense of control over short-term financial obligations while also successfully working toward moderate and longer term goals,” says Dena Roten, Managing Director and Head of CiTi® US Branch Network. “Americans demonstrate an increasing desire for financial independence. We see a lower likelihood of debt (especially among millennials) and a stronger appetite for online budgeting tools.”
Obtaining Financial Independence provides for us a Healthier Mindset!
How to improve your own financial status:
One essential step toward money confidence is actively talking about your finances. The most important financial practice for someone to initiate is being able to talk about money openly.
You don’t have to share personal details about your savings and debt to your whole friend group, but instead finding a local financial pro or trainer to help you put together an action plan can help.
If you’re confused by a particular topic (like the different kinds of retirement funds, mutual funds, investment funds, etc.. ), then read up on them to familiarize yourself first. There are plenty of free resources online to help you learn the basics. Your bank can be another great resource, but be sure to go to a few different venues so you can compare what you learn.
Then commit to small ways to improve your current financial situation. It can be as
simple as bringing your lunch a few times a week or setting up an automatic transfer each month to your savings account. Don’t under estimate these suggestions!!!! Small changes can make a huge difference. It can also help you build confidence and discipline over time, as you prove to yourself that you can take control to improve your financial wellness.
Lastly, as I always preach to you… BE SURE TO CELEBRATE MILESTONES along the way. If you don’t, you will never regain the energy and focus to keep yourself from quitting.
Ok so now you understand.. that our finances can determine our happiness in the inside. In knowing this, it should be considered the new focus for our wellness routine.
