Wellbeing Wednesday will be about exploring various topics to keep us in good health. Everything from Physical to Spiritual and from Financial to Emotional. As usual, everything is only from my point of view, based on my own experiences.
Today for Wellbeing Wednesday I wanted to kick things off and talk generally about Financial Wellness. Taking care of our Financial Wellness can very often ensure that our other wellness needs are taken care of too. We can reduce stress, we can perhaps afford better healthcare or be able to comfortably leave a job that is causing a strain on our general wellbeing.
Whether your goals are to pay off debt or save more for the future; each step we take in getting a better handle on our money management is a step to take care of our overall wellbeing.
Financial Wellness is not only for those on six figure salaries and may not even include the same characteristics for everyone. It is about effectively managing the economic side of your life. Let’s look at some examples of how we can do this…
Budgeting
Having a budget in place is your opportunity to decide how you need and want to divide up your money. One of the great things for me with having a budget is eliminating the need for any spending guilt.
Emergency Fund
Having an Emergency or Rainy Day Fund helps eliminate the need for panic or stress and gives you the solution you need in that moment you need financial security most.
Financial Goals
When we set realistic and measurable Financial Goals we have more chance at success and as a result a better path to Financial Wellness.
These are just some examples of Financial Wellness, and over time we’ll discuss these, and more, in greater detail. In the meantime, if you’ve any questions or thoughts on Financial Wellness, let me know in the comments!