This post is written in partnership with Canvas Credit Union. All thoughts and opinions are my own.
What Is Financial Wellness?
In early December, I defined the word ‘wellness’ — explaining what it means from a social, health, and financial perspective. These three pillars encompass Canvas Credit Union’s holistic approach to taking care of yourself (and your community). Although financial health is often overlooked, effectively managing your economic life can improve your general well-being. After all, meeting financial expectations gives you the freedom and flexibility to create a life of joy and purpose.
The Importance of Financial Wellness
According to a survey from Everyday Health, finances are “the most common source of stress among men and women.” Truthfully, this isn’t a surprise. However, when your finances are in order, money is one less thing to stress about. So, why is financial health important? Here are a few examples:
- It gives you a sense of security
- It allows for spontaneity
- You have a safety net to fall back on
- You won’t routinely worry about money
In essence, financial wellness gives you the liberty to make conscious purchases, pay off your expenses in a timely manner, and plan for your future.
To read more about how to establish healthy savings habits, hop over to my feature on Canvas Credit Union’s blog.
Image courtesy of Micheile Henderson.