What is Financial Wellness?

The term Financial wellness can mean something different depending on your own view. However the overall meaning is along the lines of taking actions to better your financial situation. Or it is perhaps the ability to take care of your financial obligations 

So what do you think financial wellness is? What do you think it is not?

Here are some examples of what it could be:

• Setting financial goals

• Setting up a sustainable budget

• Feeling good about your finances

• Having a plan for your finances

• Checking in with a Financial Coach

• Paying off debt

The list can go on and on.

According to the Consumer Financial Protection Bureau, there are four elements to financial wellness as shown in this chart:

With all of that said, the Financial Wellness Center incorporates financial wellness into everything that we do. The goal is to always share resources & tools needed to help students make healthy financial decisions to live a financially well life. If you are curious for how to incorporate financial wellness into your own life, consider meeting with a financial coach from the FWC.