While it receives less attention than aspects of physical wellness like our body mass index, cholesterol, and blood pressure, Financial Wellness is equally important to our health and well-being.
In fact, more than 200 studies and surveys have tracked, measured, and documented the link between financial stress and illness. The American Psychological Association recognizes financial stress as the leading cause of unhealthy behaviors like smoking, weight gain, and alcohol and drug abuse.
Beyond health issues, poor Financial Wellness results in a decreased quality of life and creates a barrier to nearly everything including housing, transportation, education, and employment.
However, improving our Financial Wellness can feel like a puzzle to most of us. My Smart Money Plan, a non-profit organization, offers a financial and credit literacy course, in-person or on-line, to help individuals and families. We'll first educate you through the Total Money Makeover class and then roll up our sleeves to help you create and implement a personalized plan, a Smart Money Plan, to reach your goals.
There are six core principles of Financial Wellness incorporated in our programming and My Smart Money Plans: