improve your financial well-being
Here in LifeWork Strategies, we focus on the four corners of welfare : social, emotional, physical and financial. In search of well-being, it is important to focus on all dimensions. financial well-being is often a neglected aspect of well-being, but it is equally important. financial well-being is defined as "an understanding of your financial situation and take care of it in such a way that you are prepared for financial change." This includes being comfortable with where your money comes and where it goes. in the National Sava honor for retirement this week, we focus on the financial well-being!
it may be useful to explore your current state of financial well-being. before improvements can be made, we'll know where you stand. Do you have a budget that you follow? This can help monitor and control your expenses. If you have debt, you are aware of the total amount of debt you have? are you currently saving for retirement? If not, how your current employer contribute? Although these questions can be overwhelming, they can help you discover and improve your financial well-being.
If you are concerned about your financial situation, fear not! Here are some ways to get your finances back on track.
Did you know?
- 44% of full-time workers say they worry about personal finance during working hours
- 68% of employees with excellent very good / health is very control of their finances
- 40% of employees say they live paycheck
- over half of American workers say they do not save for retirement
Tips to financial well-being
- budgeting: track your spending to see exactly where your money goes. Break down by category to see what expenses are really necessary
- Understanding your credit score. Lenders use your credit score to determine your interest rate. low credit rating could lead to higher interest rates that could quickly derail your finances
- Setting clear financial goals :. Whether you want to save up for a vacation, pay off debt or add to retirement, it is important to set clear and achievable financial goals
- Determine what the financial well-being for you :. . Determine your financial priorities and use those as your measure of success
Sources: definition of welfare, NBC News, FinWell Group, LifeWork and Adventist HealthCare strategies. Council health of the week is for educational purposes. For medical advice, consult your doctor. Feel free to copy and distribute this health resource.
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