Explore the Wellness Wheel: Financial

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Much like the other areas around the Wellness Wheel, financial wellness looks different for different people! 


Finances are the #1 stressor for around 73% of Americans, according to a study done in 2021.  Managing finances can give you better control of overall stress!

While individual goals may differ, we can organize financial wellbeing into 3 goals:

1. Managing day-to-day finances

  • Balancing your income and expenses to pay for day to day necessities like housing, food, clothes, utilities, etc
  • Setting and sticking to a budget can be helpful for day-to-day expenses 

2. Setting and achieving long and short-term goals

  • Getting ready for a big purchase (buy a house or car, saving for retirement, planning for vacations or college)
  • Paying down debt

3. Protection for emergencies

  • Having savings for a rainy day
  • Being prepared for a serious illness or injury, an expensive repair, or loss of income



For more, visit

https://www.prudential.com/financial-education/financial-wellness-tips-definition

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