When many of us think health and wellness, we think exercise, nutrient-rich foods, regular checkups and (hopefully) getting enough sleep. We rarely think money.
But “financial wellness is a component of overall wellness,” according to clinical psychologist Joe Lowrance, PsyD. He works with clients to identify problematic behaviors around money and create solutions for a healthier relationship.
“Financial health is having a conscious and purposeful relationship with money that is satisfying and isn’t overly stressful,” said Brad Klontz, PsyD, a financial psychologist and director of research at H&R Block Dollars & Sense.
So what does this look like?
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Nice job, Margarita! Thanks for covering this important topic. Financial well-being is important to psychological well-being. It helps us feel safe and confident about the future. Importantly, financial well-being does not mean being rich, but it does mean being prudent, responsible, and resourceful.
I wish I knew? It keeps leaving me!