Financial Fitness

At The Henderson, we’re all about people living happy, well-balanced lives.  Wellness wheels have been created by many people and organizations to describe, pictorially, a balanced, happy life.  Generally, the areas of life depicted on the wellness wheels fall into six to eight categories.  In this series of four articles, we’ll take a look at a wellness wheel in four groupings:  Financial, Spiritual/Emotional, Physical/Intellectual, and Social/Environmental.  

Wellness wheels have been compared to tires. When the tire is in good shape and has the proper amount of air, it is round and provides a smooth, comfortable ride.  A flat tire, on the other hand, gives a rough, unpleasant ride.  Just as a flat tire would need to be changed, a person may need to make changes in areas of his or life where there’s an imbalance.  The wellness wheel helps us focus on areas that need attention.

In this article, the first of the series, we’re going to explore the financial sector.  The Financial area, sometimes called the Occupational area, deals with a person’s job, but it also covers the person’s business skills, financial resources, retirement plans, insurance, vacations, self-improvement plans, and vocational and career goals.

Here are some questions to ask yourself concerning the financial balance in your life:

  1. Do I have a good balance of work and other areas of my life?
  2. Do I budget appropriately, with a good balance between current spending and saving for the future?
  3. Do I have financial plans for the future that are in sync with my career/vocational plans?
  4. Does my work have purpose?
  5. Are my beliefs and values surrounding money in harmony with my behavior?
  6. Do I use money positively?
  7. Do I plan vacations that help me de-stress?

The answers to these and other questions can tell you a lot about how your job and the financial aspects of your life are affecting your overall happiness and wellbeing.  Obviously, if your financial resources aren’t adequate to cover your lifestyle, you will be stressed.  Lack of a budget may lead to uncertainty that could be avoided.  Planning for the future by setting aside savings may help your peace of mind.  If you have investments, do you stay awake at night worrying about them?

Speaking of investments, do you invest properly in yourself and your family?  Providing for your family’s needs is important. Planning vacations where you can do things as a family is also important in achieving balance in your life.  Do you look for ways to grow in your job or career, to expand your capabilities in ways that will help you reach your career goals?  Have you set career goals for yourself that are reasonable yet challenging?  On the other hand, are you focusing too much on money, at the expense of other things in your life?

The Financial area of your life is one of the easiest places for your tire to go flat.  Check the air in your financial tire regularly! And make sure to plan for some times each year to de-stress and reconnect with the ones you love. 



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