Financial Wellbeing
Financial wellbeing involves managing short and long-term goals for our personal finances to reduce stress and build towards financial security and stability. Create budgets, and be actively engaged in managing your loans, investments, taxes, and expenses. Seek out financial knowledge and resources that will help you accomplish your goals over your entire lifetime.
How to enhance Financial Wellbeing:
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Create a monthly budget to help you live within your means. Reassess as your situation changes.
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Manage your finances for both the short and long-term. Develop a plan to manage emergency expenses.
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Be mindful of what emotions or situations trigger your negative spending habits.
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Keep organized records that you can refer back to when identifying spending patterns throughout the year.
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Don't ignore a problem until it is too late! Identify potential problems before they start and use your resources to make a plan.