A Better Pursuit of Financial Well-Being
When we think about well-being, it’s natural to consider our health. But what about financial well-being? In fact, a study* shows that financial stress is on the rise with 42% of full-time employees finding it difficult to make ends meet. People are struggling to meet household expenses on time each month. And with rising student loan debt, housing and food costs, and financial insecurity, financial well-being is crucial. When Workers are stressed, employers see poor quality of work and a high error rate, sometimes leading to workplace accidents. Bottom line, improving financial wellness can improve work productivity.
To review your financial well-being, ask these questions of yourself:
Am I prepared for an emergency?
What’s my attitude towards money? How does talking or thinking about money make me feel?
Do I have short-term and long-term financial goals?
Do I have a budget? Do I stick to it?
What’s my retirement plan?
Everyone deserves an opportunity to improve their financial well-being.
Try using a financial coach. Financial Coaches generally don’t give specific financial advice, they help people improve their pursuit of financial well-being. Financial coaching services often include creating a spending plan, understanding personal or household cash flow, and paying off credit card debt.
Financial coaching sessions can be tailored to specific goals like improving financial literacy, money management skills. Separate from financial advisors, a financial coach helps people learn to create a budget, talk to their partner about money, or generally help people become more confident in reaching their financial goals.
As your pursuit of financial well-being improves, so should your quality of life.
Let’s talk more about the details of how I can help you improve your pursuit of financial well-being.
