Money is one of the most powerful forces in the world . It plays a crucial role in our society influencing major decisions .While money can provide comfort ,opportunities ,security it can become the cause of stress . . Many wars that happened were rooted in land or wealth . The ones who we consider most succesfull and are richest on earth are the ones who understand their relationship with money .
What is financial wellness .
Financial Wellness goes beyond simply earning ,saving .It is ones relationship with money , observing, trying to be secure , confident ,stress free and avoiding any negative beliefs or behavior related to your finances ,This usually comes with practice .
Your relationship with money is important than how much you spend or earn .It's more of a emotional and psychological connection that influences your financial and behavior ,choices and long-term security .
A person with strong financial welness is not necessarily someone who earns a lot but someione makes informed decisions .This includes saving for future,emergency funds,avoiding debts ,spending mindfully.
Having A poor relationship with money can look like :
It is not so difficult to built good relationship with your finances and most importantly when one build a relationship he feels at ease and does not feel to control .positive relationship can be build by tracking your spending, educating yourself one of the famous books is The Psychology Of Money ,Practice Gratidude .. Next saving regularly be it small amount ,setting realistic financial goals it gives purpose to your finances.
Your behavior with money is important as it not only teaches to manage money but influences confidence ,attract opportunities ,affects mental health .
In the modern world ,where financial crisis ,inflation prevails and everyone strive for economic stability young people should learn about financial literacy .Schools and colleges should promote budgeting ,savingand prepare new generation that has good relation with money is ready to take some amount of risk ,is economically empowered ,
this is only possible by healthy financial mindset.
What is financial wellness .
Financial Wellness goes beyond simply earning ,saving .It is ones relationship with money , observing, trying to be secure , confident ,stress free and avoiding any negative beliefs or behavior related to your finances ,This usually comes with practice .
Your relationship with money is important than how much you spend or earn .It's more of a emotional and psychological connection that influences your financial and behavior ,choices and long-term security .
A person with strong financial welness is not necessarily someone who earns a lot but someione makes informed decisions .This includes saving for future,emergency funds,avoiding debts ,spending mindfully.
Having A poor relationship with money can look like :
- Overspending
- Always feeling it is not enough
- Buying thing that just to feel emotionally better
- felling guilty every time you buy
It is not so difficult to built good relationship with your finances and most importantly when one build a relationship he feels at ease and does not feel to control .positive relationship can be build by tracking your spending, educating yourself one of the famous books is The Psychology Of Money ,Practice Gratidude .. Next saving regularly be it small amount ,setting realistic financial goals it gives purpose to your finances.
Your behavior with money is important as it not only teaches to manage money but influences confidence ,attract opportunities ,affects mental health .
In the modern world ,where financial crisis ,inflation prevails and everyone strive for economic stability young people should learn about financial literacy .Schools and colleges should promote budgeting ,savingand prepare new generation that has good relation with money is ready to take some amount of risk ,is economically empowered ,