Summer Says: What is Financial Wellness?
The Week In Review: Jan 1- Jan 7
January 10, 2023
Summer Says: How do rising interest rates, the market and inflation affect my portfolio and retirement plan?
January 13, 2023
Question: What is Financial Wellness?
Answer:
January is Financial Wellness Month. It’s the time of year where people set resolutions — and while setting goals around your physical health is profoundly beneficial, your financial health should not be overlooked. Understanding where you are today and planning for your future are important steps in achieving Financial Wellness.
Help to improve your financial well-being with these five tips:
- Set and commit to a budget
- Have an emergency fund
- Save money consistently
- Pay off debts in small bites
- Don’t over apply for credit and loans
Every individual has their own specific definition of Financial Wellness. Some of these examples might feel like a long reach. Others, you might already be practicing. The good news is that with careful practice, you can gain a feeling of satisfaction from maintaining financial wellness. Schedule a time to discuss this with your trusted financial professional today. ~ Happy New Year!
Investment advisory services made available through AE Wealth Management, LLC (AEWM). AEWM and Impact! Partners Financial, LLC are not affiliated companies. Investing involves risk, including the potential loss of principal. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice. 1508409-10/22
