Financial wellness is not only about income—it’s about how you manage what you have, how you plan ahead, and how you protect your future.
1. Know Your Numbers
Start with awareness:
- How much do you earn each month?
- How much do you spend, and on what?
- What do you owe?
A simple written or digital budget can change everything.
2. Build a Basic Emergency Fund
Even a small emergency fund (for example, $500–$1,000) can keep you from relying on high-interest credit cards when unexpected expenses show up.
3. Create a Simple Budget You Can Actually Follow
Focus on:
- Housing and essentials first
- Debt payments
- Savings
- Then spending money
Your budget should support your real life, not fight against it.
4. Manage Debt Wisely
- Avoid taking on new high-interest debt
- Consider strategies like the debt snowball or debt avalanche
- Review your interest rates and terms regularly
5. Protect Your Credit
Your credit score impacts your ability to rent, buy, or even get certain jobs. Combine good habits (on-time payments, low balances) with regular monitoring.
6. Think Long-Term, One Step at a Time
Financial wellness is built slowly through:
- Consistent habits
- Educated decisions
- Asking for help when needed
7. Support on Your Financial Journey
At MB Financial Consulting, we support clients not only with credit and taxes, but with overall financial education and guidance.
Ready to feel more in control of your money? Contact MB Financial Consulting to start building your personalized financial wellness plan.