Why financial wellbeing is important
Improving your financial wellbeing could help you enjoy a more meaningful life and underpin meaningful financial decisions.
When you have more financial confidence, this can have a positive effect on many areas of your life. For example, it could reduce financial worries and give you the ability to plan for your future or support your loved ones.
Making the most of life’s opportunities
Being in control of your money could give you the financial freedom to achieve the life you want. Positive financial wellbeing helps you fulfil your aspirations, with the confidence that your money is going towards the things that give you most joy. What brings satisfaction and meaning in life is different for everyone. The important thing is that you know you’re saving towards what really matters to you.
People are also living longer, and the typical three stages of life (education, career, and retirement) are evolving. Having more control of your financial wellbeing could help you embrace the opportunities of a longer life.
Less financial stress
Having too much stress or anxiety from money worries can have a knock-on effect on your performance at work and your relationships. Poor financial wellbeing and poor mental health are closely linked – with each affecting the other. So, improving your financial wellness, could be beneficial for your overall health, wellbeing, and performance at work.