7. Financial Wellness

According to the University of Lynchburg, financial wellness is defined as your ability to live within your means and manage your money in a way that gives you peace of mind.

It includes balancing your income and expenses, staying out of debt, saving for the future, and understanding your emotions as they relate to money.

Not managing your financial wellness can definitely increase your stress overload and add additional worries and stressors to your already stress overloaded life.

One of the unhealthy stress coping mechanisms is to impulse buy.

The immediate rush of dopamine when buying something new and wanted can wear off very quickly especially when faced with your credit card bills.

Financial wellness practices may include: 

> Creating a budget, if you don’t have one

> Start saving even if it is a minimal amount - it will grow over time

> Start an emergency fund

> Is there something you really want? Create a plan to start saving so you don’t incur any credit card debt when making the big purchase.

> Increase your spending awareness… how much are you spending on those fancy coffees every month or on your “wants” and not “needs”.

Financial wellness, like all areas of wellness, takes TIME! 

Start with something small and be consistent. 

Now it’s your turn, my friend.

How can you start improving your financial wellness today? One baby step at a time.

Hugs, Rita ❤

I would love to hear from you - text me at 704-564-2055.

Missed some of the past self-care tips? See below. 

Take care of your body, it is the only one you will ever own!

 

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