The 8 Dimensions of Wellness: Financial Wellness

On The Go Wellness Chiropractor Miami: The 8 Dimensions of Wellness: Financial Wellness
It’s almost November! Aka, it’s almost the official start of the holidays. You know, that time of year where your wallet is stretched THIN and your social calendar is at max capacity. So I thought this was a fitting time to introduce one of the more controversial aspects of wellness (but in my opinion, still a key component of the 8 dimensional model); financial wellness. Ah yes, money. It’s something we all need, we all worry about, and we all think about. So why is it so hard to talk about?

That’s a good question.

Luckily - or maybe unluckily?- we don’t dance around touchy subjects here. We like to face them head on. Sorry, not sorry. So today, we’re going to talk about it. And we’re going to go over exactly what makes us financially well. Notice, I don’t say wealthy. Just, well.

What is Financial Wellness?

On The Go Wellness Chiropractor Miami: The 8 Dimensions of Wellness: Financial Wellness

Corporatewellnessmagazine.com defines financial wellness as “effectively managing your economic life.” I like this definition for two reasons; because it’s simple, and because it doesn’t discriminate based on how much money you have or what you even do with it. All it asks for is effectively managing what you do have. So what does that mean exactly? 

Effectively managing your economic situation reasonably suggests that you can a) pay all your bills, b) save for a rainy day, and c) spend on some non-needs (aka purely wants) like eating out, amusement, and shopping. 

 

Financial Wellness Inventory

On The Go Wellness Chiropractor Miami: The 8 Dimensions of Wellness: Financial Wellness

Financial wellness is one of the easier pillars of wellness to audit, simply because most people know where they are on the spectrum. Most of us aren’t confused or unsure, we might just be unhappy with our position. When you think of your finances, ask yourself some key questions; 

1. What stresses you out? – Money is one of those things…it’s usually a key stressor. If it isn’t one of yours, consider yourself lucky. If it is, ask yourself why? Why is it stressful? What do you want that you can’t have? What are you scared of? What would make you sleep better at night? Is it that you can’t pay your bills? Is it that you’re not saving for your kid’s college fund? Identify exactly what financial goal is stressing you out, so that you can address it. 

2. What do you want? – Money is a means to an end. No one wants dollars stacking up in their account for the sake of seeing the number. Everyone wants something (or many things). What are your financial goals? Quitting your job? Paying off your house? Setting up your kids for success? 

3. What feels like your biggest obstacle? – When I’m stressed about financial affairs, I usually am thinking about some sort of blockage. Some obstacle that feels so insurmountable that it scares me. What’s yours? What keeps you up at night? What makes you wonder if everything will be okay? If you could address ONE thing in your financial portfolio, what would it be? This is probably where you’ll want to start. 

So now you have your goals, your starting point, and your stressors. What now? 

The great thing about financial wellness is that it’s one of the most tangible forms of wellness. There’s not much that is abstract about it. All you need is a plan, and some clarity. What I just had you think about can be called your action plan. Now, we devise your financial strategy. This is the HOW to your WHY. I won’t bore you with the details, but I’ll leave you with some specifics that may help in your journey; budgeting, sinking funds, money mindset, a healthy credit score, and simply living below your means. Each of these concepts is robust enough to deserve a blog post in and of itself, but we’re not a personal finance blogger. So, we’ll leave that to the pros. However, if financial wellness is an area you feel you could improve, I would strongly suggest spending some time understanding these concepts in order to devise a financial strategy that works for you. 
 
After all, there are several components to wellness. As much as we believe in the power of chiropractic care, there ARE some areas of wellness that we can’t help you with. However, we’re happy to discuss all areas of wellness. Stay well my friends, don’t neglect any part of your personal wellness. 
 

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Dr. Nichole A. Walz

Dr. Nichole A. Walz

Dr. Josh Huddleston, and I are the founders of On-The-Go Wellness®. We are husband & wife, who just so happen to be Board Certified, Licensed, Chiropractic Physicians & Certified Yoga Instructors! After practicing with other clinics in the USA and Singapore for the past 5 years, we decided to start On-The-Go Wellness® to fit our active, mobile lifestyles.

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