Financial wellness can be thought of as incorporating the physical, mental and spiritual aspects of money, seeking to consider a balanced combination of these elements when conceptualizing financial interactions. It focuses on a holistic achievement of health rather than on the corporeal pursuit of material wealth and possessions. It can also empower you to be generous towards people in need and causes about which you are passionate.
Financial wellness involves cultivating a thoughtful approach towards your monetary resources–and looking after these in ways that enable you to thoughtfully prepare for your future, and the futures of your loved ones, while recognizing the possibility of unexpected events. Being able to meet financial obligations without ongoing stress can help to increase overall wellness, thus contributing to better emotional and physical health.
Learning about financial wellness can equip you to make wise choices in regards to spending, saving and investing your money. It can also help you to utilize available benefits and identify expert financial guidance, when necessary.