Dimensions of Wellness:
Wellness is a self-directed and evolving process to achieve full potential an individual have. Word “wellness” is a term that is used to describe an even balance between the mind, body, and spirit and this balance is determinant to the overall feeling of well-being.
This definition of wellness is pretty raw at the moment there are many high-level details that can be added to the tapestry of an individual’s well-being. It is an active process of becoming aware of the choices we make towards a healthy and fulfilling life.
Wellness was defined by “Halbert L.Dunn” in series of lectures at Unitarian Universalist Church in Arlington in Virginia, he said. “An integrated method of functioning which is oriented toward maximizing the potential of which the individual is capable. It requires that the individual maintains a continuum of balance and purposeful direction within the environment where he is functioning.”
Wellness can be categorized as follows:
Each dimension listed above owns a vital part in our life but there are certain requirements that act as a baseline to others and being financially well is one of them. Talking biologically we need to breath to stay alive hence air is a baseline need similarly, we need finance for almost every aspect of life.
The importance of Financial Wellness:
The link between physical health and financial health is very close then you might think. Your financial health directly impacts your health. Financial wellness is not how much money do you earn rather the way you spend the money you earn. Financial wellbeing is a slow process in which an individual with given situation in hands is educated and trained then awareness is generated which leads him/her to changed behavioral patterns ultimately a move towards wellbeing. Most important aspect of all this wellness hustle is to provide an individual with financial literacy.
Lack of Financial Wellness and its Effects:
When there is a balance in your life you can attain your maximum potential and if you are down at any aspect of your life then it will go to affect your overall performance. Financial well-being is a major contributor towards a healthy life, and when you are not satisfied with your finances, you are going to face hard times. Lack of financial well-being is one of the major stressors these days and among students, it’s the main cause of lowered academic performance. When you are worried about your financial situation you take your worries to work with you, and that’s going to create more havoc, hence distressed individual faces lowered productivity.
Disturbed balance of financial wellness can lead to depression and can stimulate unhealthy coping behavior like drinking, smoking, and overeating which ultimately cause more stress. And with these unhealthy habits, you can generate mental health problems like
Self-doubt and Sadness
Change in Appetite
Lack of interest in favorite activities
Risk-taking behavior and other dark thoughts
Managing Your Financial Health:
Management of anything need clarification related to the subject, in our case managing financial health, we have to see where we lack. Financial health is directly proportionate to your spending if there is a balance between your incomes and spending there will be no issue. When you plan to have something that needs more money than you have right at that moment it causes the imbalance of financial health. Then there come ways to resolve your problem one is to save money all year long and then go for your purchase or spending other is to take a loan and then, later on, pay it each month. Many institutions provide loans in Scandinavian countries, and multiple resources grant consumer loans in Norway at very reasonable interest rate along with comfortable payback periods.
The route to Financial Wellness:
It’ not only you that need to learn how to learn managing finances but it’s rather a day to day matter for most of us. There are a variety of resources that can teach us to manage money successfully. You need the resources that are appropriate according to your situation. One thing to keep in mind is that to move from poor financial health to healthy one is gradual it takes time. You have to be proactive by seeking resources and learning about money management strategies to develop financial wellness.
Here are some tips:
Stay aware of your situation, identify and address problems before they arise
Keep track of your finances, record them properly
Make budgets and make plans
Improve other dimensions of wellness as well
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