Building a strong financial foundation and ongoing plan to help reach future goals can ease the significant stress caused by money, or the lack of it. A combination of financial knowledge plus action steps and essential spending and saving behaviors can lead to the goal of achieving a positive sense of financial well-being.
Essential financial behaviors that help us instead of causing stress include:
- Saving for emergencies
- Eliminating problem debt.
- Setting aside funds for retirement.
The idea that more money will fix our problems is a commonly held belief, but the underlying issue is finding a way to better utilize current resources while seeking a balance between living in the moment and planning for the future.
“Someone’s sitting in the shade today because someone planted a tree a long time ago.” Warren Buffett