Financial wellness is the new wellness you want to achieve.
Finances are a topic that “stings” even nowadays. Many avoid talking about their finances, as if they are taboo.
However, things are slowly changing. And now financial independence, apart from being self-evident, is also passe’. Now financial wellness is the new financial practice and philosophy.
According to a Federal Reserve Bank of America survey, about half of companies offer financial ‘wellness’ programs. Even their universities have designed special financial management and planning programs for students.
However, this financial wellness is connected to a wider ideology, which wants people to be well. That is, it is a part of a more general wellness philosophy.
What is financial wellness?
Financial wellness is a new form of financial well-being. It is not simply about a rational use of money, in order to pay the obligations and generally to have your finances in order.
It is more than that. Also, it is not enrichment. It is that the money acquires a different use. They do not become an end, but a means. Means to do things you want.
Essentially, you make money not to get rich or to simply make a living. You use the money to achieve your goals and fulfill your dreams.
And if you think about it, financial wellness represents a more general shift in mindset. A mentality, passed on to us by our parents, the modern capitalist system and dominant consumerism.
And for that reason, this change of course is just as important. Because it shows the change of perspective of an entire generation. Of a generation that thinks in a healthier way. Which does not compromise and claims. But it claims something better. Different, but better.
The new money
And since the topic is well-being, well-being and prosperity, the financial part will also receive the lion’s share.
The money no longer comes out to enter the bank for the “difficult” days. The new money goes into the bank so that you are not only safe, but also able to use it to be well.
To have the comfort of going on a trip or going to a concert. Buy a gym membership. Do that master’s degree you wanted so much or study again.
Have money to spend and not just to have.
And this in turn changes your worldview about work. Even if you work in a job that you don’t like, money and all that it represents for you, makes it tolerable and tolerable.
Suddenly even work becomes the means. The means to a better life, where you are free to fulfill your dreams.
5 secrets to improve your financial wellness.
#1 Share your budget
To be fair with yourself, but also with your obligations, divide your money into expenses and income. Once you’ve paid your bills and your stress is gone, sit down and think about where you really want to spend your money. You may have to make cuts or you may have to choose.
So choose what will bring you more joy.
#2 Get informed
Many things could have been avoided if we were better informed. That’s why you should somehow be informed about your finances.
Of course, we didn’t say to become an accountant, but to learn some basics and know about taxes, programs, subsidies…
If you don’t own any, then make sure your accountant is good and keeps you informed about everything.
#3 Make smart investments
Before you buy anything, do some market research first. Because every purchase is also an investment. For example, look for the most advantageous gym membership or find the cheapest energy provider, according to your needs.
In general, do a little research on where you will invest your money and what profit you will get from it.
#4 Check
Every week, it’s a good idea to check your accounts, the movement of your cards and generally do a checkup. See if your money has entered correctly, if the account movements are correct and in general check that everything is correct.
There are also cheaters, so don’t be complacent.
#5 Make savings
Yes, unfortunately saving these days is a completely useless practice. Whether it’s because you don’t have enough or because you spend it, saving is not an easy practice.
However, nothing is impossible. “Gather even if it is and eat”, the old people used to say. So create a digital piggy bank, a backup account, where you will slowly save as much as you can. Even five euros are important.
Build your life through money and not based on money.
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