We all know that money matters, but its impact on our health is often underestimated. We’re tackling a topic that is the #1 stressor in the United States: money. According to a national survey conducted by Discover and Thriving Global, “Financial well-being is a critical component of holistic well-being. Yet for most Americans, finances remain a primary source of frustration, anxiety, and stress. In fact, years of research continue to identify money as the top stressor in the United States, with 90% of individuals saying that money has an impact on their stress levels.”
The study found that finances impact mental health, physical health, mood, work satisfaction, sleep, and relationships. Let’s explore some practical tips for budgeting, saving, and finding affordable ways to maintain an active social life without breaking the bank.
Remember, finding harmony between your financial health and social life is key to maintaining a positive mindset and reducing stress. Thriving Wallet survey concludes, “better financial well-being is significantly and positively related to better physical health, mood, satisfaction with work, household activities, social relationships, family relationships, leisure time activities, ability to function in daily life, economic status, living/housing situations, overall well-being, and far, far more.” By setting realistic budgets, using helpful cost calculators, and seeking out affordable social activities, you can strike that perfect balance that promotes both financial stability and a vibrant social life.
Published on May 23, 2023
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