Financial wellness is defined by health, not wealth. It is the sum of everything that goes about being financially, emotionally and physically sound and is the balanced holistic integration of financial, emotional and physical health. To have financial wellness means to have adequate cash flow, sufficient assets, and the absence of illness and presence of emotional wellbeing.
Financial wellness is rapidly becoming a hot topic nowadays while health and other wellness program have been in place for quite a while. Money governs every aspect of our life and is a major cause of stress.
Financial wellness can affect Relationship, Career, health, sleep, diet, self-worth, home, beauty, travel, Financial security, retirement, charity, spirituality, holidays, gift giving, success, fun, etc. Individuals are beginning to realize and statistics show a direct relationship between all these factors and money.
Money is one of the last taboos in the wellness world, No one openly discusses about money so a Health and Wellness Coach partners with the client and together work on clients personal and financial goals, needs and priorities to make money, make more money, save money, spending money and how to use it judiciously for better living. Financial wellness can boost ones self-worth to have and hold money. It enhances self-confidence in every aspect of life.
It empowers to make positive and powerful choices about money. It increases your options and opportunities by controlling the thoughts, beliefs and actions with each money choice, with financial wellness program one will better understand their financial situation, gain insight into how to reduce debt, lower their financial stress and gain more financial freedom.
When money worries, one is totally stressed out and stress management reduces the stress level, it improves the ability to make better financial choices. In coaching issues like budgeting with a variable income, dealing with negative cash flow, customizing budget for unique situations, problems with loans and more are used.
In financial wellness program one discovers how to manage emotions and gain a healthy mindset about money. Here one learns to create a vision and goal for a safe financial future. They also get insights into many of the challenging issues surrounding money wellness.
Clients get to learn about mindful meal planning program giving them amazing insights into how one can eat better and save money.
One of the best ways to reduce money worries is to record your thoughts and activities in the form of a journal which can be reviewed and worked upon to help stay on track. Financial wellness can increase one’s self-worth, self-confidence, balance, opportunities and options, powerful and positive mindset and energy.
