During National Financial Literacy Month, individuals are challenged to learn more about personal finance and how to manage money. This month also offers an opportunity to discuss financial resources and share financial tips.
Financial wellness is a crucial concept that affects both physical and mental well-being. There are numerous studies that link financial stress to poor health.
This is an important topic for employees because it can affect their productivity at work. Studies have found that financially stressed employees are twice as likely to leave their jobs.
Financial wellness includes having the ability to manage and spend within means. Taking the time to establish a budget will help you get a handle on your finances. The new year is also a great time to set financial goals.
A financial adviser can help you set goals for your finances. They can also discuss financial strategy changes based on your lifestyle. They can help you develop a budget and help you set up an emergency fund. They can also help you pay off loans and debts.
It’s important to learn about your financial status and to make a list of debts. You should also set up a budget and create a spending plan.