• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / LIFESTYLE / Your Money / Your Relationship with Money: The 7 Pillars of Financial Wellbeing

Your Relationship with Money: The 7 Pillars of Financial Wellbeing

11 March 2021 by Katherine Taylor

Share this:

  • Tweet
  • Email
  • More
  • Share on Tumblr
  • Print
  • WhatsApp

Your financials are a direct reflection of the choices you’ve made in life. There is no such thing as a financial finish line, but there is an expectation of stability. A Melbourne Based Financial Advisor can guide you the correct way. But staying on course with your finances is still an individual responsibility.

1. Save

Saving is the best way to set up your future. Without savings, you’re planning your finances day to day. That’s a dangerous game, and it will often leave you in a bad position when life hits hard. Saving is about building up your bank account and confidence. When you have a savings account, making some hard investment decisions seems less daunting.

2. Move Forward

A financial rut is something that is hard to avoid, even if you’re responsible with money. It’s more important to learn from these downtimes so that they’re less likely to happen in the future. Did you make a bad investment? Then move on from it instead of doubling down and losing more money. To build a relationship with money, you have to be willing to cut your losses at a moment’s notice.

3. Avoid Late Fees

Late fees from various sources eats into money that can better be used elsewhere. When bills are due, pay them on time. You may not realize it, but watching even a small amount of money get lost due to negligence is a confidence killer.

4. Invest

When your savings account is meeting its goals, put your extra money to work. It’s vital that you simultaneously work for money while making it work for you. This synergy keeps the cash flowing so that your wealth builds up rather than stays stagnant.

5. Don’t Rush

Financial goals are good to have, but be realistic. It’s irresponsible to move money around before you’ve built a foundation. That foundation starts with a savings account, and from there moves to paying bills on time. Remove money sinks like late fees from your payments, and then consider investing. Trying to do all of these simultaneously will only lead to failure.

6. Research

You can’t have a relationship with money without understanding how it works. One of the greatest gifts to a financial mind is the abundance of accounting information available online. You can even take an introductory accounting course for free. Learn the basics, and you’ll already be several steps ahead of everyone else.

7. Stay in Sell Mode

Get rid of material items that you don’t use or need. The amount earned may be small, but that is still money you can work with. Do the same with digital items by finding a platform that handles the transaction. By the time you are done selling useless things, you’ll have more money than when you started. It won’t make you rich, but it can help with building a foundation.

Wrap Up

Make sensible financial goals in steps so that you can enjoy the successes. By not rushing, you can cultivate your relationship with money to reach its fullest potential. Follow the 7 pillars, and watch as everything else worth having falls neatly into place.

You May Also Like:

Filed Under: Your Money

Ads by Google
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

New Content

  • Building a Property Investment Portfolio
  • Simple Yet Effective Ways to Manage an HVAC Business
  • 5 Tips To Keeping Your Family Covered With Medicare
  • 5 Things Your Family Should Consider Before Moving
  • The Best Barista Course Adelaide For Coffee Lovers
  • The Importance Of Community For Women’s Empowerment
  • The Coolest Types Of Places You Can Visit If You Feel Like Dressing Up For A Super Luxurious Night Out
  • Set for Success: 5 Ways to Prepare Your Teen for Adulthood
  • How to start a career in 7 steps according to Jooble’s research
  • What Is Balayage Hair Colouring?

Popular Content

  • Sexy and Stylish Short Hairstyles for Women Over 60
  • Moore Weekly Stars
  • Aussie Mums open male escort agency catering exclusively to women
  • Top 9 Cars for Women in Australia
  • Advertise with Australian Women Online
  • About
  • Incorporating New Flooring into a Modern Home
  • Escort Services: Do Escorts Ever Fall For Their Clients?
  • Rip Curl Almost Famous Ii Womens Short Light Blue
  • Write for Australian Women Online

Australian Women Online © Copyright 2007 - 2022 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved

Please share your location to continue.

Check our help guide for more info.

share your location