10/01/2025
"Financial wellness is an area of wellness that can also come with a lot of stress and can have big impacts on our other areas of wellness.
Financial wellness implies that you can feel comfortable covering your necessities, like paying your monthly bills and unforeseen bills (ex: car troubles) and you can also manage to afford some of the extra things you want to be able to do or buy.
It also means that you can approach finances and spending with some comfort while maintaining an understanding of the importance of budgeting.
When we are struggling to make ends meet or have any spending money, we will often experience significant deficits in our ability to attend to the other areas of wellness. It’s unfair.
Many people with much wealth may lack financial wellness because of the inability to ever find peace or relaxation with their money (this can have a lot to do with our childhood!) or with impulsive spending (buying those shoes might feel really good after you had a fight with a friend!).
You can engage in financial wellness by regular budgeting and monitoring of weekly spending, carpooling, using public transportation, cutting back on expensive meals and drinks (why do espresso martinis taste so good but cost so much?), cooking with and buying groceries with roommates, spending more time outside to exercise vs paying for a gym, and taking advantage of free entertainment in the community. " -Dr. Etta Gantt