{"id":3167,"date":"2022-01-06T14:36:14","date_gmt":"2022-01-06T14:36:14","guid":{"rendered":"https:\/\/backtoworkconnect.ie\/?p=3167"},"modified":"2022-01-06T15:51:26","modified_gmt":"2022-01-06T15:51:26","slug":"what-is-financial-wellbeing","status":"publish","type":"post","link":"https:\/\/backtoworkconnect.ie\/careerhub\/what-is-financial-wellbeing\/","title":{"rendered":"What is Financial Wellbeing?"},"content":{"rendered":"\n

Throughout\nthe past decade, you\u2019ve likely seen or heard the word \u201cwellbeing\u201d being used in\ncountless forms relating to anything from our physical health to our emotional\nor mental state. <\/p>\n\n\n\n

But\nwhat about financial<\/em> wellbeing? <\/p>\n\n\n\n

The\nterm \u201cFinancial Wellbeing\u201d can mean something different to everyone and\ndepending on your stage of life, you\u2019re probably thinking about money\ndifferently. However, ultimately, we believe true financial wellbeing is about\nfeeling secure and in control when it\ncomes to your finances<\/strong>. <\/p>\n\n\n\n

It’s\nabout having enough money to pay your bills, with a plan to deal with\nunexpected costs. It’s feeling confident\n<\/strong>making plans for your financial future that are in line with your goals.\nIt\u2019s about understanding, not fearing your numbers and using them to create a\nrealistic budget that supports you and the life you want to lead. <\/p>\n\n\n\n

Just like every other aspect of life,\neveryone\u2019s financial journey is unique. <\/p>\n\n\n\n

But one thing is undeniable: everyone deserves to feel financially\nsecure<\/strong>.<\/p>\n\n\n\n

Financial Health Matters<\/strong><\/h2>\n\n\n\n

Financial\nwellbeing is one piece in the overall spectrum of wellness. <\/p>\n\n\n\n

Often\nwhen one piece of the spectrum is jeopardized, you may feel it in other areas. <\/p>\n\n\n\n

Poor\nfinancial wellbeing can have a knock-on effect on our mental health, physical\nhealth and relationships and is one of the leading causes of stress today. <\/p>\n\n\n\n

In\nfact, according to surveys\ncarried out for Laya Healthcare, 1 in 10\npeople<\/strong> reported financial issues and cash shortages as the chief reasons\nthey struggle every day with their anxiety. Thus,\nfurther highlighting the importance of taking care of your financial wellbeing.\n<\/p>\n\n\n\n

Fostering Financial Wellbeing <\/strong><\/h2>\n\n\n\n

The thing is, achieving financial wellbeing is easier said than\ndone, right? <\/p>\n\n\n\n

Especially if you don\u2019t have the tools or support to get\nstarted. <\/p>\n\n\n\n

It\u2019s also vital to\nacknowledge that not everyone is starting from the same point. <\/p>\n\n\n\n

The gender pay gap<\/strong> is still very prevalent worldwide today with women\ncontinuing to earn less than men. It\u2019s estimated it would take an extra 42 days\nof work for women to earn what men did in 2020. <\/p>\n\n\n\n

There\u2019s also a financial literacy gender gap<\/strong>. Data\nshows men understand money better than women. This gap in financial literacy\ncan be attributed to inequity in how we teach and empower women\u2019s success in\ntoday\u2019s world. <\/p>\n\n\n\n

Access to financial\neducation and resources is imperative to understand what it means to be\nfinancially well. And that\u2019s where we come\nin! <\/p>\n\n\n\n

Introducing: our FREE 6-week Financial Wellbeing programme<\/strong>!<\/p>\n\n\n\n