financial health

A healthy budget

How’s your bank balance?

Did you just cringe? Trust me, I’ve been there. Casually avoiding opening your banking app… not thinking something horrid is in there per se, just not wanting to tackle it at all.

But, avoiding it is probably harming not only your financial health, but also your mental and physical health.

You’ve probably never thought about it like that – I certainly hadn’t. Consider how often those niggly money thoughts enter your brain every day – probably every time you need to use your bank card, right? If you’re comfortable and in control of your finances, you’ll feel confident, empowered, independent, make better decisions, and be more open to trying new things.

But, if there’s a question mark or fear every time you think about money – it triggers stress. Which, in reality is plenty of times every day. 

It’s time to prioritize your finances. Here’s a simple rule of thumb for creating a budget:

  • 50% of your total income should cover your needs – housing, food, bills, transport, etc
  • 30% should be for wants – all the fun stuff you like on a regular basis
  • 20% should be savings – pension, future big purchases, holidays

If you want to hear from a financial pro – check out the resources on Money Zen. And of course, if you want to talk about your financial health, and how to help create your happiest, healthiest life – get in touch for a free consultation. (Yep, it’s totally free – see, no money stress here.)