Wallet Wellness: Financial self-care
Financial self-care is all about looking after your money in a smart and healthy way. It’s creating good habits that make you feel confident and in control of your finances. By taking these steps, you can build a better relationship with money and cut down on money stress for the future.
Benefits of Financial Self-Care
Less financial stress: When you have a plan for your money, it’s easier to handle bills and expenses without constant worry.
Better mental well-being: Managing your money reduces anxiety and brings peace of mind.
More confidence: When you understand where your money is going, you feel more secure and empowered to make financial decisions.
Preparation for unexpected costs: Having a financial plan ensures you're ready for surprises like car repairs or medical expenses.
Improving your health: When you budget well, you can afford things that contribute to your well-being, like healthier food or gym memberships.
What's money got to do with health?
Financial self-care helps reduce money-related stress, making it easier to focus on your health, afford medical care, and stay on top of your overall well-being, both mentally and physically.
Cutting Down Stress: Worrying about money can seriously stress you out and mess with your mental and physical health. By budgeting, saving, and planning your finances, you can ease that stress and feel a lot better overall.
Money Stress & Health Problems: Money problems can cause headaches, mess with your sleep, and make you anxious. So, by working on your financial self-care, you’re also protecting yourself from health issues that come from stress.
Access to Healthcare: When you take care of your finances—like saving for emergencies or setting aside money for healthcare—you’re more likely to afford things like doctor visits, prescriptions, and even mental health support when you need it.
Preventive Care: Keeping your finances in check helps you stay on top of important health stuff, like regular check-ups and health screenings. It also makes it easier to afford things that keep you healthy, like gym memberships, eating better, or getting therapy.
By practising financial self-care, you can take control of your money, reduce stress, and work towards a more secure and balanced future.
Wanna know more?
For more resources on financial self-care, you can check out:
Financial Self-Care: Nurturing Your Relationship with Money
31 Ways to Practice Financial Self-Care | Ellevest
