For most of us, when we hear “self-care” we think spas, bubble baths and massages, and if I’m being totally honest, I’m no different!
As a Financial Counsellor though, I’m on a mission to normalize “taking care of finances” and making it a part of our self-care routine. One of the ways I do that is by offering free money dates twice a month – you can register here.
Here are some reasons why I believe taking care of your finances should be part of your self-care routine:
- Stress reduction: Financial strain can lead to high levels of stress, anxiety, and even depression. By taking care of your finances, you can minimize financial stress and create a sense of stability and security in your life. This promotes mental and emotional well-being.
- Better decision-making: Being financially responsible allows you to make informed decisions about your financial future. It enables you to plan for short-term and long-term goals, make wise investments, and avoid impulsive and regretful financial decisions. This, in turn, reduces stress and increases confidence and peace of mind.
- Improved physical health: Financial well-being can have a direct impact on your physical health. Studies have shown that individuals with financial stability are more likely to have access to healthcare services, maintain a healthier lifestyle, and experience lower levels of stress-related health issues, such as high blood pressure and heart disease.
- Increased autonomy and independence: When you have control over your finances and are not constantly worried about money, you gain a sense of autonomy and independence. This allows you to make choices based on your desires and values, rather than being limited by financial constraints. It enhances your overall sense of empowerment and well-being.
- Financial security and preparedness: Taking care of your finances means having emergency savings, insurance coverage, and a plan for unexpected events. This financial security and preparedness provide a safety net and give you peace of mind knowing that you have a cushion to fall back on in times of crisis. It reduces anxiety and improves your overall ability to handle difficult situations.
- Long-term financial success: Financial self-care involves planning for the future, such as saving for retirement or investing in education. By taking control of your finances and making smart financial decisions, you set yourself up for long-term financial success. This ensures that you have the resources and means to live a fulfilling and comfortable life in the years to come.
Taking care of your finances is a form of self-care because it prioritizes your well-being, reduces stress, and empowers you to make choices that align with your goals and values. By investing time and effort into managing your finances, you create a solid foundation for a happy, healthy, and fulfilling life.
