Rocks stacked on a rocky beach.

Why Financial Wellness Matters

Wellness. It’s a term used to motivate 6 a.m. yoga classes, encourage a 30-day cleanse and justify that purchase of a fitness tracking watch (in-home exercise bike, etc.). But ultimately, it means investing in your health so that your life is balanced and you’re working to achieve your best self — physically and mentally.

There’s also a financial component to this whole wellness picture…

Just like physical wellness, financial wellness is all about finding balance. Often, when people are stressed about money, their inner voice tells them that something’s off — that their money habits may not be aligned with their values. If you’re asking why balance and planning are so relevant here, our answer is simple.

At In Good Company, we believe financial wellness is a path, not just a destination. One way to begin this journey is by first reflecting on your values. Once you realize what matters most to you, you become more mindful of your spending and saving habits, and this awareness allows you to more readily measure and utilize your resources when you need them. Feeling balanced and at ease through a little planning and extra thought allows us all to be more confident in our financial decisions in the long run.

In your pursuit of financial wellness, here are a few areas where it can be helpful to seek balance in your life:

Spending & Saving Habits

Many of us are either frugal savers or big spenders. Both lifestyles have their unique pros and cons. A saver may have plenty in the bank for a rainy day but they may miss out on fun experiences. A spender may travel abroad and have a luxurious house, but they may not be saving adequately for retirement. The optimal lifestyle for many often lies somewhere between the two. Consider balancing your saving and spending habits in ways that align with your values.

Large Expenses

New cars and vacations are just a few large expenditures that routinely arise and depending on how you manage them, they can have a big impact on your financial wellness. Reflect on whether an expensive car aligns with your values. Some may enjoy driving to work in luxury, whereas others would prefer an extra week of vacation to recharge and truly live the life they want. You make the call.

Income & Leisure

Working to increase your wealth sometimes requires sacrificing some leisure time. This can often feel like a zero-sum game. Remember that financial wellness for most is about working to live, not living to work. Consider your ideal work week for funding goals and feeling fulfilled. Finding fun ways to reward yourself at the end of a long week doesn’t have to cost much, but it can make all the difference.


Don’t forget to set dates to revisit your financial wellness plan. Values and goals are dynamic, so be sure to revisit them over time. Investments in your retirement account require periodic check-ins, too. You could work with someone you trust – a spouse, friend or finance professional – to ensure you remain balanced and on track. Financial wellness is a lifelong commitment but as you get financially fit, you will feel empowered by knowing you are living your best life.

In Good Company offers in-office, financial workshops for employers. Looking to bring financial wellness into your workplace? Contact us today.