Many adults do not feel comfortable with basic financial concepts, making it difficult for them to feel like they have the right tools to manage their finances.
Financial wellbeing is about creating a sense of security and feeling in control of your day-to-day finances. It's having enough money to pay your bills, with a plan to deal with unexpected costs. It's about having the financial freedom to make choices that will allow you to enjoy a worry free life.
Financial wellbeing contributes to your overall wellness. If this is jeopardized, it may affect you in other areas of your life, such as your mental health, physical health and relationships.
If you're able to achieve good financial wellbeing, you're more likely to be happier, have a higher level of confidence and be more productive at work.
Many people find it difficult to talk candidly and openly about money with their family or friends. Money and finances are a common source of stress. Talking about money with a trusted friend or family member is good for you, and may help you to manage your stress. It's good for your mental health and your relationships. It will also help you to plan your financial future more effectively.
Make a plan
Getting your finances in shape, or at least having a plan in place, can be a weight off your shoulders. In fact, research shows [@SELF blog] that financial wellbeing can have a positive effect on both physical and mental health.
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Be in control of what you spend on
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