Comments on: How to Improve Your Financial Wellness

By: It Pays Dividends

It Pays Dividends — Sun, 06 Mar 2016 04:28:16 +0000

I think #4 might be the biggest one. We all need to splurge from time to time or we get discouraged and give up. This is why people who try to lose weight by suddenly cutting calories and not allowing cheat days never make the changes stick. If you deprive yourself too much, you are more likely to give up and fall back into your old ways.

By: DC @ Young Adult Money

DC @ Young Adult Money — Fri, 04 Mar 2016 04:10:44 +0000

Chonce You are ahead of most people! I’m confident you will quickly build a bigger emergency fund.

By: Chonce

Chonce — Thu, 03 Mar 2016 15:53:10 +0000

Great advice. I believe I’ve got the budgeting thing down but I just need to prioritize saving more for emergencies.

By: DC @ Young Adult Money

DC @ Young Adult Money — Tue, 01 Mar 2016 18:00:18 +0000

Aliyyah Congrats on building an emergency fund! I agree that the financial security that comes with having an emergency fund can be a huge boost from a psychological standpoint.

By: DC @ Young Adult Money

DC @ Young Adult Money — Tue, 01 Mar 2016 17:59:11 +0000

Jaime Donovan Great point Jaime! It’s good to pay down debt but having some cash set aside can do wonders when it comes to stress management.

By: DC @ Young Adult Money

DC @ Young Adult Money — Tue, 01 Mar 2016 17:58:21 +0000

George @ Properly Great example, George! I think Uber and Taxis are an easy place to spend a lot of money without realizing it.

By: Aliyyah

Aliyyah — Tue, 01 Mar 2016 17:49:28 +0000

Having an emergency fund has provided me with a great sense of security, both financially and psychologically. I currently have 1.5 months of income saved up. I think that is enough for now given the industry I work in and my other savings goals. In the future, I’d like to beef it up though.