Financial health is an integral component of holistic wellness. If your financial health is flagging, your emotional health may suffer. If you are one of the many Americans in this situation, know that you are not alone – and know that you can make changes, starting immediately, that can help you get back on track.
- Confront money troubles so you can make a plan.
Just naming the problem can alleviate a great deal of anxiety. We often don’t talk about financial issues, but it is critical to break that stigma. There is no shame in trying to turn around a tough situation and implement healthier financial choices – in fact, it’s quite the opposite! You are taking care of your financial health, and that is something to feel great about.
- Break down large problems into small, achievable goals.
Tackling a huge issue can feel overwhelming, so the key is to articulate simple, smart, achievable steps to get you started on the longer path. These-mini goals can be bite-sized – even small changes make a big difference over time. Need to build your emergency fund? Cut down your spending by even $10 or $20 a week and start saving the difference. Need to build your retirement savings? Set up an auto-transfer for an affordable amount to come out of every paycheck so you can contribute to your financial future each month without even thinking about it.
- Build on your success.
Once you have built up your financial resources – and your confidence – by achieving these mini-milestones, expand them. Maybe you even solved your major financial concern, and it’s time to set your sights on new goals altogether. In either case, you are well on your way to a happier and healthier financial future.