Financial Wellness

Definition of Financial Wellness

Financial Wellness involves Satisfaction with current and future financial situations. Financial stress is repeatedly found to be a common source of stress, anxiety and fear. Creating a budget, investing, and saving for retirement are important skills to have in order to be finically responsible. Learning how to maximize your financial wellness at any stage in life will help you feel prepared to handle potentially stressful financial situations in the future.

Why is Financial Wellness Important?

Rest assured that you are not the only one in the process of learning how to manage finances more efficiently. The Renew Employee Wellness Program offers an array of workshops and programs that can guide you toward money-managing success. Everyone’s financial situation is different, so it is up to you to select the proper mix of resources that work best according to your needs. The most important point to remember is that maximizing financial wellness is a process that does not occur immediately. Be proactive by seeking related resources and learning about money-managing strategies to build your financial wellness. Take note of these financial wellness tips:

Don’t put it off - identify and address any financial problems before they start.
Keep organized records of your finances.
Plan ahead and set budget goals.
Balance your other dimensions of Wellness, they all tie in to financial wellness as well.