Improving Financial Wellness
Financial wellness, just like your physical wellness, is best maintained regularly. Being knowledgeable about your finances means knowing what choices you have, and knowing that you are making the best choices for your situation. Indicators that you are maintaining good financial wellness are: Having a comfortable and relatively low stress relationship with money Income and expenses are balanced: you can easily cover expenses and make debt payments You continually educate yourself on financial maters Improving financial wellness can reduce stress in a big way, as financial uncertainty affects us in all parts of our lives. So what are some good ways to start improving financial wellness? Get control over your expenses: know where the money is going and determine if there are areas where spending can be reduced. Create and maintain a money management strategy or budget that works for you Set up an emergency fund : over time build up cash to cover 3-6 months of expenses Dete...