See the below image for the Life course and financial wellbeing diagram. Financial well-being comes with a deeper understanding of where you stand with money, emotionally and financially, developing concise and attainable goals, getting organized and implementing a manageable plan to move forward.
Financial wellness programs in the workplace include supporting your employees with their complete financial picture” in order to reduce financial stress, strengthen their financial literacy and improve their financial well-being.
The benefits of investing in your financial well-being are numerous. Decreased anxiety and reduced stress over financial issues will result in better sleep, increased energy, improved relationships, and stronger mental and emotional health. You will be less distracted by financial issues.