When we talk about being healthy, we discuss physical health, mental health, emotional health… but what about financial health?
So what does it mean to be financially healthy? It’s not just about having a paycheque that covers your expenses each month. It’s an overall state of security, having a plan and knowing that if an emergency happens, you’re covered!
Here are three ways to be financially healthy.
ONE - Have a budget! A budget is simply a plan for your money. I’ve heard so many people say that they don’t know where their money went! That’s because if you don’t tell your money what to do, it will do whatever it wants.
TWO - Use debt responsibly. If you use debt right, it can help you to own assets, get rewards and other benefits. But if you use it poorly, you’ll end up struggling to get out of a cycle taking you deeper and deeper into debt.
THREE - Educate yourself about how money really works. When you know what you’re doing, you feel confident and secure in your choices. You’re not going to stay up all night worrying that you’re making the wrong financial decisions.
Financial health also gives you peace of mind. It involves making smart choices, building habits, and making small improvements every day. By focusing on these areas, you’re setting yourself up for long-term stability and the freedom to live your life without money worries.
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