Share & Earn

Althealth

What Exactly Is Financial Wellness And How Can I Achieve It?

0 3 years ago

But there’s a component of the wellness trifecta that is commonly overlooked: financial wellness.

Financial wellness is the third piece in holistic health, with the first two being physical health and mental health.

So what exactly is financial wellness? And how do you know if you’re financially well?

Here are five key indicators that you’ve achieved a state of financial wellness.

1. You’re prepared for emergencies.

Nearly half of Americans wouldn’t be able to cover a $400 emergency. This lack of savings is a huge source of anxiety for many people. Whether it’s a medical emergency, unexpected expense, job loss, or property damage, things happen and it’s wise to be ready ahead of time.

Ideally, you’ll want an emergency fund that can cover at least six months of your living expenses. With this financial insurance in your savings account at all times, you won’t have to fear the possibility of being unprepared.

READ FULL ARTICLE

Leave a Comment

Your email address will not be published. Required fields are marked *