The term finance usually equates to money. However, finance encompasses not just capital but also the creation and management of cash and investments. This means it deals with how you earn money and also how you spend that money. Financial wellness has to do with your relationship with money and its security regardless of the
The term finance usually equates to money. However, finance encompasses not just capital but also the creation and management of cash and investments. This means it deals with how you earn money and also how you spend that money. Financial wellness has to do with your relationship with money and its security regardless of the
Here are 7 simple steps towards financial wellness: Being financially well starts with having a reliable income and knowing at a consistent time, you will expect to be paid a certain amount. Steady and reliable income is one of the cornerstones of financial wellness. 2. Live within your means Keep track of your monthly income
What is Financial Wellness? Financial wellness is that financial situation where you can meet all your expenses like your bills, debts, investments, etc. on your monthly income without worrying about it. However, financial wellness is not just about getting your finances under control. It is about getting to a state of mind where finances don’t
An employee’s performance depends on their physical, mental and financial wellness and employers around the globe are increasingly becoming aware that providing employees with a fair and regular pay check alone does not necessarily guarantee financial health, mental peace or financial wellness. As is the case of every other issue that influences the performance of
Everyone wishes to achieve financial wellness by being in control over their day-to-day finances. People want to be able to absorb financial shocks and yet be on track to achieve their financial objectives. They wish to have the financial flexibility to make the choices that allow them to enjoy life. Debts, if not managed properly,
A majority of the time, the burden of debt can be more psychological than financial. The stress it causes in our decisions and plans for the future is huge. Debt Tsunami is among the most effective ways to reduce debt. It is a process through which you will be able to settle your debts and
Debts can become a major issue in one’s life if they are not resolved on time. It can scare you psychologically and financially on the long run for a variety of reasons. We use many strategies to overcome this dilemma over the course of time. One of the most effective strategies is the ‘DEBT Snowball’
COVID-19 has had an impact on the lifestyles, health, and livelihoods of billions of people worldwide. In addition to having serious health consequences, the pandemic has slowed global economic growth, increased global poverty, and increased unemployment. Even in these difficult times, however, some segments and businesses have thrived because they were either the need of
1. Identify Stress Factors Make a list of your long-term and short-term financial goals and commitments. Determine which factors are causing or may cause financial stress in the near future. Stress-inducing factors include behavioral disorders, gaming & internet addiction, alcohol and nicotine addiction, and others. 2. Recognize the resources available to counter the stress Factors.
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