Financial Wellness involves the process of learning how to successfully manage financial expenses. Money plays a critical role in our lives and not having enough of it impacts health as well as academic performance. Financial stress is repeatedly found to be a common source of stress, anxiety, and fear for anyone. Keeping track of expenses, making a budget, and sticking to it are important skills to have in order to be financially responsible and independent. Learning how to maximize your financial wellness now will help you feel prepared to handle potentially stressful financial situations in the future.
Tips for developing financial wellness:
Don’t put it off - identify and address any financial problems before they start.
Keep organized records of your finances.
Take advantage of any discounts or assistance offered.
Plan ahead and set budget goals.
Balance your other dimensions of Wellness, they all tie into financial wellness as well.