Why do you feel the financial topic is important to add to a website that talks about health and wellness?
Finances contribute so much to stress. Financial stress saps your energy, making it hard to enjoy activities due to feeling down and out. People get sick more often with this kind of stress because stress in itself is toxic.
Having financial stress looming over your head creates a very negative energy and a feeling of constant worry. You can become depressed, or even get sick more often.
Financial stress drains your energy, replacing enjoyment with a constant cloud of worry hovering over you every day.
Financial issues can stress your family and hinder access to good healthcare, food, quality products, medication, and addressing financial stress.
Consider this as the perfect triad – health, family, and finances. These are our biggest stresses. If you have poor health, it’s going to affect and stress your family, and obviously your wallet.
People may struggle to participate in activities to stay fit or healthy, simply due to the costs involved.
Obviously, there are some activities that you can do that don’t cost much money, but for someone who just had a hip replacement, part of their rehabilitation process may require getting a gym or a pool membership to do regular exercise.
Most rehabilitation programs and memberships cost money. Therefore, how do we get physically well again if we can’t afford it?
How to deal with financial stress?
A lot of people get themselves too deep into financial debt, and they feel embarrassed and stuck when everything feels out of their control.
The tendency is also to keep these matters a secret, so often we don’t reach out for the help and resources needed to get everything under control. Sometimes we are also not ready to admit that we need to make some lifestyle changes.
We must remember that until we get it off our shoulders and tell someone, nothing will change. To solve financial stress, acknowledging the problem is the first step.
Some of the ways to finally work on addressing your financial stress are to write out all of your expenses, go through them, and work on your cutbacks.
Start researching personal finance: budgeting, cutting back, and increasing income. Find your spending patterns, then ask, “What's the purpose of my money after clearing debts?”
What are the expectations with the content that we’ve put on in the coming months?
We will cover tips on how to create a budget. A lot of people freak out when they hear the word budget because they feel that it is very restrictive and won't allow you to do anything.
Learning how to budget will give you a sense of control and can also eliminate the guilt from spending. We will also discuss different types of credit cards.
Different credit cards offer varying rewards and perks, often unnoticed by many. Wise usage can reveal the benefits of certain cards over others.
Travel credit cards often offer perks like waiving additional insurance fees when renting a car.Lastly, we will also discuss how to tackle debt and plan for unexpected expenses.
Kelley Olinger, Coach, Consultant, and Founder of Reconcile Your Wallet (www.reconcileyourwallet.com), helps high-achievers align finances with goals.