Financial Fitness: 4 Tips to Whip Your Wallet into Shape

TLDR: Four Tips to Get Your Financial Wellness in Shape

The article discusses the importance of financial wellness and provides four tips to achieve it. The key points are:

• 60% of Americans feel anxious about their finances, according to a study by the FINRA Investor Education Foundation.
• A survey conducted among employees of Prudential’s Individual Life Insurance business revealed that only 25% felt confident about their finances heading into the new year.

The article emphasizes the importance of financial wellness and offers four tips to improve it:

1. Take it one day at a time: Organize and understand your day-to-day finances, create a budget, track your spending, and take small steps towards financial goals like paying down debt or building an emergency fund.
2. Set financial goals: Determine how much you have saved for retirement, establish a plan to reach your goals, and consider other financial objectives such as buying a house or saving for college tuition.
3. Protect against risk: Obtain life insurance, health insurance, and save for retirement to protect against unforeseen financial disruptions and setbacks.
4. Connect with a financial professional: Seek advice from a financial professional to create a realistic financial plan that ensures a happy and secure future.

The article concludes by stating that achieving financial wellness is an ongoing process, and it is important to regularly review and update your financial plan to ensure peace of mind.