How to Overcome Financial Problems and Improve Your Finances

How to Overcome Financial Problems and Improve Your Finances (Image Source: Shutterstock)

What is Financial Wellness?

Financial wellness, as described by, is your ability to live a healthy financial life. It is the power to take control of your financial health now and into the future. Oftentimes we find that some things are not in our control, especially with money. Unexpected expenses come up: an extra bill is sent to you, you’re supporting a loved one, etc.

How To Make Financial Wellness Your Reality | Brent Hines | TEDxPleasantGrove

Create a Budget

Creating a system to help you track your money is extremely beneficial. Starting your budgeting journey doesn’t have to be hard or extremely detailed. It can be as simple as creating a list of your expenses, what bills you have to pay, and what you are left with that you can spend on or save. Once you have something written out, it makes your plan and process easier to follow, holding yourself accountable to stay disciplined.

Cut Out Extra Expenses

We all have our pleasures and must-haves. It’s okay to treat yourself here and there, but not to everything that catches your eye. This is where discipline is crucial and when one must look at their spending from a holistic perspective to see what you can keep and what you should eliminate.

Create healthy spending boundaries. (Image Source: Shutterstock)

Look into Passive Income Opportunities

Jobs aren’t always easy to come by, especially in an economy that is still recovering from the long-term effects of the pandemic. Although a lot has changed, more online and work-from-home jobs have been created to accommodate those looking for full-time, part-time, and freelance jobs. Depending on your schedule, applying for some of these jobs and dedicating an hour or more a day can help you create ways to make money from home.

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Save a Little Each Paycheck

Attempt to take out a little money from each paycheck you receive. Even if it’s a minimal amount, it’s still adding to your savings or emergency fund. A very popular spending method is the 52-week savings challenge.



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