Away from the three main pillars of health – physical, mental and social, there’s also our financial health that we need to be conscious of.
Financial wellbeing is a measure of our financial security and the freedom to make choices. It is a measure of how well we cope with financial issues and circumstances throughout life. To achieve a high sense of financial wellbeing, financial planning is integral.
There are good habits you can develop to improve your financial wellbeing over time:
– Save money.
– Maintain a budget or plan.
– Keep an amount of money aside for emergencies.
– Eliminate debt and maintaining a good credit rating.
– Hold necessary insurance.
– Build your super for retirement.
Often these good habits are easier said than done, and spending money unnecessarily or in the wrong way can happen to anyone. A Financial Planner is your go-to mentor and guide in sticking to your financial wellbeing goals.
moneylab’s Financial Planners have devised a program to understand you and your wants in life and will guide you through the steps towards achieving them. Our Financial Planners will examine and advise you on your current cashflow and expenditures, your wealth management, provide you with an investment strategy, and review your super.
Financial wellbeing can always be improved, it’s never too early or too late to start organising your finances. Contact us to get started on your personal review today.