Build your Toolkit: Achieving Financial Wellbeing
Our personal finances are a very crucial part of our lives. On our journeys, we make a lot of financial decisions that can affect our lives in a positive or negative way. I strongly believe that we have the power to take charge of our finances and have positive experiences with money.
In this blog post, we will explore different tools that can help us build strong financial foundations. Check out previous Her Toolkit posts to help you build your personal and professional development toolkit.
What does Financial wellbeing mean?
Financial wellbeing is about a sense of security and feeling as though you have enough money to meet your needs.
Financial well-being means how much your financial situation and money choices provide you with security and freedom of choice.
Financial well-being defined as “a state of being wherein you: have control over day-to-day, month-to-month finances; have the capacity to absorb a financial shock; are on track to meet your financial goals; and have the financial freedom to make the choices that allow you to enjoy life.”
What has been my experience with Financial health and wellbeing?
My experience with money has been filled with many tests and lessons learned. A lot of the lessons that I had to learn about finances, I did on my own. Growing up. conversations about money and building wealth, were not a normal occurrence. As I have progressed on my journey, making smart decisions has helped me gain financial independence and live the life I want. One of the greatest lessons that I have learned is that we need to continue learning about ways to achieve and maintain our financial health. The ways I continue my financial education is by talking to other people, reading articles and trying new techniques for growing my money.
What tools can we use?
Sharing some of my previous blog posts where I shared very useful tools that helped me
Create your financial plan - having a plan will help you gain sight of where you are today and how to achieve your financial goals
Grow your Savings - building a solid financial foundation starts with having healthy savings
Make wise money decisions - making smart financial choices will define how successful we are
Build your financial vision board - visualizing your financial goals and dreams helps give you a clear view
10 things to do for your financial wellness - taking action is a crucial step to secure your finances
Great Resources
Check out my videos on How to take charge of your Finances and My Story |Taking Charge of my Finances for practical tips on achieving financial independence.
Call to Action
What are you going to do this month to take charge of your finances? Commit to taking action.