Financial Wellbeing
Financial wellbeing plays a significant role in our health and happiness. It impacts our mental health, work productivity, engagement, and overall wellbeing. When events like the recent pandemic or the upcoming holiday season affect our financial wellbeing, we can experience high levels of stress. Prolonged exposure to stress can erode our health.
Financial Wellbeing Tips
Watch the latest 60-minute webinar on Tips for Building My Financial Wellness
Here are some useful tips to implement in your daily life to help with your financial wellbeing.
- Establish financial goals: Setting goals will help you refrain from spending money on unnecessary items.
- Set up a budget: A budget provides guidelines and helps you better understand where your money goes.
- Shop with a list: A list provides guidance and limits impulsive purchases.
- Understand your personal triggers: What emotional triggers are causing you to spend money? Think about adopting alternative coping mechanisms that will take you away from the trigger.
Resources to assist you with your financial well-being
- TELUS EAP Program. Receive consultations from financial experts who can advise on the following financial matters: Credit/debt management, budgeting, bankruptcy, financial aspects of separation/divorce, insurance, income tax planning, and retirement planning.
- pdf 7-Step Budgeting Workbook(870 KB) : There are various kinds of budgeting worksheets for financial planning. Here is an example of one to consider.
- Money and finances - Canada.ca. Check out these great resources and tools from the Financial Consumer Agency of Canada on managing your money, debt and investments, planning for retirement and protecting yourself from consumer fraud. Stay tuned for a webinar in November, celebrating Financial Literacy Month.
- Credit Counselling Society. FREE credit counselling, bankruptcy, and debt consolidation in Canada.
