Let’s think about it. If your finances are not under control, this can cause stress and anxiety which can lead to poor mental and physical wellbeing. Conversely, when you are financially secure and in control you feel more relaxed and confident, you’re able to make clearer choices, enjoy less worry and potentially get more out of life.
Your personal wellbeing also impacts on your financial wellbeing, because it can impact your ability to manage your money well, work to your full potential and engage the right resources to support better financial decisions.
Being conscious of how financial and personal wellbeing are connected is the first step to finding balance and taking steps to improve both.