Financial wellness is not just about money. Being financially healthy is a critical piece of overall wellness. Financial health is the dynamic relationship between financial and economic resources as they relate to your overall health.
What does that mean? Financial Wellness includes 1) Spending within your means 2) Being financially prepared for emergencies 3) Having access to the information and tools necessary to make good financial decisions 4) Having a plan for the future
What does this look like?
Steps to Achieve Financial Wellness
Develop a plan to live within your budget
Create an emergency fund
Pay off your debt
Create (and stick to) a budget and include savings
Build your financial literacy. Understand savings, debts, credit, investing, taxes, etc.
Apply your financial literacy knowledge to long-term plans for the future
Learn more about financial wellness
Ready to learn more but not sure where to start? Check the links below to learn how to create a budget, work toward financial wellness, and gain financial literacy. It's never too late! Remember, learning something new is a key skill in promoting mental wellness!