Financial Well-Being

Financial Well-Being

Financial well-being means effectively managing your money and economic life. It’s about spending what you earn on what you find valuable and having enough money to do all that you want to do.

Assess

To assess your financial well-being, try asking yourself the following questions:

• Do I have enough money to do everything that I want to do?
• In the last seven days, have I worried about money?
• How comfortable do I feel planning, tracking, investing, and saving?

Improve

To improve your financial well-being, try the following tips:

• Spend on experiences.
• Establish default systems like automatic savings.
• Tap into money-saving apps.

Maximize

Maximize your financial well-being by:

• Track expenses on paper or on a spreadsheet.
• Set monthly goals and activity-based motivations in place to reach those goals.
• Spend on others as well as yourself.