10 Tips for Financial Wellness

Financial wellness isn’t just about having enough money in the bank — it’s a state of confidence, knowing your financial situation can support your current lifestyle and future goals. Whether you’re paying off debt (I see you looming student loan), saving for a big purchase, or planning for retirement, establishing a sound financial strategy is key to reducing stress and building a solid foundation.

Here’s how you can create a manageable financial plan and prioritize your financial wellness:

1. Understand your financial picture

The first step in achieving financial wellness is understanding where you stand. Assess your income, expenses, debts, and savings. Tools like budgeting apps or spreadsheets can make this process easier. Be honest about your spending habits and track your expenditures for a month to see where your money is going. Once you have a clear picture, you’ll be better equipped to create a plan tailored to your needs.

Pro Tip: Categorize your spending into essentials (rent, utilities, groceries) and non-essentials (dining out, subscriptions). This makes it easier to identify areas for adjustment.

2. Create a REAListic budget

Budgeting isn’t about restricting your life — it’s about empowering yourself to make intentional financial decisions. Use the 50/30/20 rule as, what I call, a REAListic — Reality Educated Aligned Look, guideline: