April - Financial Wellness
Financial wellness plays a crucial role in every aspect of our lives. It impacts our physical and mental health, relationships, and overall sense of well-being. When individuals are financially secure, they experience reduced stress levels, better physical health, and improved productivity at work. Moreover, financial wellness enables people to pursue their goals and aspirations, whether it's buying a home, starting a business, or traveling the world.
Financial stress can prevent us from focusing on things that matter: our health, our families and our relationships. The benefits of investing in your financial well-being are numerous.
The Financial Consumer Agency of Canada is a great resource and has provided the below information on the benefits of financial well-being below:
Better mental and physical well-being
- Decreased anxiety and reduced stress over financial issues will result in better sleep, increased energy, improved relationships, and stronger mental and emotional health.
Higher productivity
- You will be less distracted by financial issues. This will allow you to be more focused and productive in your personal and professional lives.
Increased confidence when it comes to your money
- You will have the financial knowledge and confidence to better manage your money. This could mean saving for short- and long-term goals or setting aside money for emergencies.
- While managing your money may seem overwhelming, it doesn’t have to be. Whether it’s student debt, a mortgage, your kids’ education or retirement savings that’s weighing on your mind, there are resources to help.
- See below for resources!
External media
Homewood Health: Financial Fitness Podcast
External resources
Financial Consumer Agency of Canada: Resources to help improve your financial well being
Homewood Health: Blog - Taking Care of Your Finances
Homewood Health: HH - E-courses see page 11, "Taking control of your money".
- Sign up or log into your Homeweb account to access this e-course as well as many other beneficial articles: Homeweb