Managing your money can be stressful, but taking control of your finances is self-care.
Sure, a big part of self-care is resting, reflecting, or just unplugging offline. But an aspect that isn’t talked about enough is taking the time to pursue your financial self-care and set yourself up for success.
So sit back, relax, and check out six ways to practice financial wellness:
Monitor your account balances: This includes checking, savings, credit cards, and everything in between. Combat anxiety by staying up-to-date on all your expenses so there’s no surprises or stress.
Learn to say ‘no’: It’s easier said than done. Don’t do something just because you feel like you have to, especially if there’s a price to pay. If your friends are going out to an expensive dinner “just because,” propose an option that works for your budget or don’t hesitate to sit this one out. If you see a super-cute dress in the store but don’t have an occasion to wear it, hold off on making the purchase until you do.
Use your PTO: What are you waiting for? Pushing off taking the time off work that you earned is hurting no one but yourself. Remember, it is PAID time off.
Journal about your financial goals: This doesn’t have to be formal. Jotting down your goals – both personal and financial – is essentially the first step of putting them into action. Perhaps it’s paying off your student loans in the next five years or setting aside enough money to embark on a trip abroad. Putting it in writing is sure to get you motivated and in the right mindset to work towards your goal.
Learn something new: Going out of your comfort zone is nerve-racking for just about anyone. Thankfully, when it comes to your money, learning about finances is something you can do on your own and at your own pace. Research about different retirement account options or investing in the stock market, for starters. It’s never too late to learn!
Eliminate financial stressors: A financial stressor is ultimately anything that’s costing you money – and your piece of mind. This could be a loan payment that’s too high to manage, or something as simple as subscriptions or memberships that you are no longer using and have to cancel.
On National Self-Care Day, we want to remind you of the importance of adding finances and money management to your self-care routine. If finances stress you out or you find going to the bank overwhelming, visit penncommunitybank.com to connect with an advisor to help you take control.