Women's Journal

Financial Wellness as a Component of Self-Care

Financial Wellness as a Component of Self-Care (3)
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Financial wellness is often overlooked in discussions about self-care, but if we’re being serious about it, it should be topic one. After all, how are you going to think about journaling, or yoga, or working out when you don’t know how you’re going to get money for rent? Elizabeth Donaldson, has been teaching people how to reach financial wellness through real estate for a really long time, which puts me in the perfect position to talk about the role it has on giving you peace of mind.

Financial Wellness as a Component of Self-Care

Photo Courtesy: Elizabeth Donaldson

Understanding the Link Between Money and Wellness

When we talk about self-care, we often focus on activities like yoga, meditation, or spending quality time with loved ones. And don’t get me wrong, these practices are essential, but in order to add them to your life, you need to have the basics covered as well. Think about it this way, financial capacity is often the barrier to entry to many of these self-care practices. So it should come as no surprise that it’s a basic aspect of your life that needs to be attended to since it opens oneself up to more gateways to more and better self-care opportunities. 

Practical Steps Towards Financial Wellness

So, if financial wellness is so great, how do you achieve it? Here are some practical tips:

  1. Budgeting and Planning: Creating a budget doesn’t have to feel restrictive. Instead, it’s a tool that empowers you to allocate resources consciously, ensuring your money aligns with your values and goals.
  2. Saving and Investing: Whether setting aside funds for emergencies or planning for retirement, saving and investing are key components of long-term financial health. Start small and build your savings over time—it’s about consistency and patience.
  3. Debt Management: Addressing debt can feel overwhelming, but it’s a crucial step towards financial freedom. Develop a strategy to pay off debts systematically while avoiding new ones whenever possible.
  4. Seeking Professional Guidance: Don’t hesitate to seek advice from financial professionals who can provide personalized insights and strategies tailored to your goals.
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Photo Courtesy: Elizabeth Donaldson

Integrating Financial Wellness into Daily Life

Just like physical and mental well-being, financial wellness is the product of certain habits being put in place, the biggest of which is thinking ahead. And sure, when you put it like that, it sounds simple, but in the midst of daily life, with bills, and our own wants and fears interfering, it can be easy to just spend while thinking about what hurts right now. When you start thinking about the impacts of your decisions in the long term, your sense of priority begins to shift, and all of a sudden it becomes easy to deal with impulse purchases and avoid potentially serious problems.

Financial wellness isn’t just about numbers—it’s about empowerment and peace of mind. By taking proactive steps to manage our finances, we invest in our future selves and create opportunities for greater fulfillment and success. Join Elizabeth Donaldson on this journey towards financial empowerment and discover how it can enhance your overall well-being. With her help, you can begin embracing financial wellness as a vital component of our self-care practices.

To learn more about Elizabeth Donaldson, visit her official website and follow her on Facebook, Instagram, and LinkedIn.

Financial Disclaimer: This content is for informational purposes only and is not intended as financial advice, nor does it replace professional financial advice, investment advice, or any other type of advice. You should seek the advice of a qualified financial advisor or other professional before making any financial decisions.

 

Published by: Khy Talara

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