A Healthy Relationship With Money
Any relationship requires effort and thought. To have a healthy personal relationship, you have to give another person your time, energy, and attention. When we engage with others thoughtfully and intentionally, our relationships grow stronger and more fulfilling over time. The exact same conditions exist when you consider what it takes to have a healthy relationship with your money and financial situation.
When you have a healthy relationship with your money, you can go about your day with a feeling of security and a positive financial outlook. This does not mean that everything will be exactly as you have planned. For everybody, there are instances and occurrences in our lives that we might not have seen coming. We are also not all perfect at every aspect of personal finance. And that's OK. You will have setbacks and successes. You will have unexpected events that will impact you financially - both good and bad. This is the ebb and flow of a life lived. If you make a financial mistake, it's not the end of the world. When things are going extremely well financially, be sure to take advantage of the situation and make a plan with your good fortune.
If you have progressed through this module, you should now have a roadmap for a healthy relationship with your money. You are taking care of your needs and enjoying life within your means. You know exactly what you are making and have designed a budget that encompasses all of the things that matter to you. You are saving and investing so that your money can work for you and help you achieve all of your financial goals. You are mindful of your credit score and understand that a good credit score can help you reach other financial milestones in your life. You have appropriate levels of insurance coverage, and this helps to put your mind at ease. Lastly, you have a grasp on student loan debt and understand that it is an investment in your future that needs to be treated the same as any other financial outlay you may have.
Take just a moment and re-read that paragraph again. It sounds like a pretty good relationship with your money, right? Implementing these principles of financial literacy into your life will help ensure your health, happiness, and prosperity now and for the rest of your life.
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