Financial wellness is meditating about money on what to do with what you have. Prioritizing it is the best thing you can do for every aspect of the well-being. Without financial wellness, the broader wellness foundation is not firm. Recently Ellevest conducted survey in USA among women reveal that 67 percent of the sample fear their financial health for more than once in a week. From the survey 49 percent said their emotional and mental wellness has suffered due to the financial stress. Doing financial wellness goes a lone way in solving the stress that is caused by money. In money matters, taking action on the issues related to money is the key important thing in reducing such stress. The whole thing money is simply taking action that’s how to reduce stress related to money.
Financial health is knowing what is at your disposal, the journey you are heading to and feeling contented with it. Just like in physical wellness there are various components involved like drinking water, eating well, etc financial wellness has different components too. Think of the fundamental building elements that helps you to maintain or even achieve financial stability. This will cement the foundation of financial building and includes checking the balances in your account and spending less than what you earn to achieve financial discipline. Working hard so as to reach that goal you’ve set for yourself.
You need to have a plan which is a roadmap to guide you in strategies and timelines. The plan will assist you in getting your money channeled in the right direction and target goal. To achieve financial wellness, you need the right mindset as well. Mindset is everything as this will determine how your thoughts are engineered and for what purpose. You need to have a healthy relationship with your money and capability to manage them. This start by unlearning all the unhealthy money lies women are told since birth.
Women earn less than men and invest less compare to men and that’s why now days women are going through money anxiety than ever before. Many women about 49 percent are undergoing loss of sleep over their money literally and which concludes that financial stress has adverse effects on your physical and mental health. Tame your financial stress by following the above highlighted points; that is you great a firm foundation, have a strategic plan, and positive right mindset.