‘Tis the season to give thanks for the many blessings that you have received throughout the year and blessings that help you as you move into the future. One thing to be truly thankful for is financial wellness. When you are financially well, you are in a place of financial comfort, which may help to alleviate the stress that comes with juggling finances.
What Financial Wellbeing Looks Like
While financial wellbeing is specific to one's own needs and goals, in general, it means that you have come to a place financially where you are spending within your means and using credit responsibly and only when needed. It also means you have prepared yourself for a financial emergency and have the funds to address these issues without hurting your monthly budget.
Financial wellness not only looks to the here and now but also the future as well. Being financially well means that you have the tools, education, and information at your disposal that you need to make important financial decisions. It also means you have a well-established financial plan for the future and the steps in place to work toward your financial goals.
Why Should You Be Thankful for Financial Wellness?
Financial wellness may help bring confidence to your financial mindset. You know what income you have coming in and where it is going out each month. This may give you greater control over your money, allowing you to find the additional funds you need to go towards your savings and future financial goals.
By having money for emergencies, you are able to address issues head-on, and when they occur, so they do not snowball into larger problems that may become more costly to address. Finally, by having the proper tools and a plan for the future, you may be able to consider your long-term wants and needs and find the path towards pursuing your dreams.
So be thankful for your financial wellness this holiday season if you have finally obtained this comfort and, if not, determine the steps you need to help put you on the correct path towards financial wellness in the future.
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Sources:
Why You Need Financial Wellness, Forbes, https://www.forbes.com/sites/johnwasik/2019/10/11/why-you-need-financial-wellness/?sh=75725bbd55d6
A New Vision For Financial Wellness, Forbes, https://www.forbes.com/sites/forbesfinancecouncil/2020/08/19/a-new-vision-for-financial-wellness/?sh=77ce3fa155d6