4 Important Aspects of Your Financial Well-Being

It’s common to hear that saving money and planning for retirement are essential to our financial life.  However, we don’t often hear about financial well-being and the importance it plays in our lives.

Financial well-being is akin to taking care of our health, except we tend to think of it separately, when in fact, it is a crucial part of our overall health.

You Establish Financial Goals & Priorities

Setting goals is important to your overall financial health because it helps you reach milestones.  Having a goal to work toward can boost financial well-being as it moves you toward financial freedom and rewards your future self.

Financial priorities can be difficult set because we’re not accustomed to thinking in these terms and we can often feel like our goals are unattainable.  The reason our financial goals can seem impossible is because we’re lead to believe that one can “get rich quickly” or build wealth overnight”, when in fact it takes time.  Therefore, establishing and meeting financial priorities requires a key shift in thinking along with consistent action over time that leads to financial well-being.

You Have the Capacity to Absorb Financial Shocks

Life has a way of presenting us with expensive surprises.  The ability to manage an unexpected car repair or job layoff is a critical element of your financial well-being.  Not only can the financial stress send your budget into a tailspin but the emotional stress will likely catch you off guard and push you into an unhealthy state of mind as well as cause physical stress that can perpetuate a vicious cycle.

The ability to absorb these unexpected expenses can make all the difference in preventing a financial shock from turning into a longer-lasting setback.  The good news is that the ability to meet these unexpected expenses improves with age, education, and income along with the right money mindset and good financial habits.

You’ll get off Track Sometimes- and That’s Okay

There is no such thing as perfect money habits.   At one time or another, we’ve all made money mistakes or realized that we could have done things differently with our finances.  However, when we view our mistakes as a way to learn and treat ourselves with kindness we’re able to move forward with more clarity and appreciation for healthy financial habits.

The ability to get back on track is an important aspect to building financial resiliency that will help create the long-lasting sustainable money habits and financial well-being throughout your life.

You Make Meaningful Money Choices

Material desires are very normal and it’s nice to buy things that we like, need, and want.  However, you realize that the quest to possess can sabotage your most important financial priorities and you can consciously apply the brakes on spending when necessary.

For example, instead of increasing your lifestyle every time you get a raise, you make a meaningful decision on how to use it in your life now and for the future.  Essentially, you spend within your means while enjoying life and keeping an eye on your future.

Living a healthy financial life isn’t a quick-fix; it’s a long-term commitment that you must make on a daily basis.  It’s not only these aspects but also everything you do with money on an ongoing basis that help bring more clarity, awareness,  and peace of mind to your financial well-being.


Mary Billerbeck, BA, MPA is Founder and President of Mary Billerbeck, Int’l. and Financially Fit Living.  Mary has a degree in Psychology and a graduate degree in Public Administration.  She is a Money Coach, a Certified Financial RecoverySM Counselor and a Personal Development Specialist.

Mary empowers people to create positive change in their lives and is on a mission to bring awareness, healing and empowerment to our relationship with money. She believes that when you transform your relationship with money you gain massive clarity and confidence that flows into other areas of your life: from love and relationships, to life purpose and career, to health and wellness, and everything in between.

You can reach her at mary@financiallfitliving.com via her website www.financiallyfitliving.com.