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  • BeWellAdmin

What is Financial Wellness and Why Do I Need to Know About It?

Let’s talk about money. No, not just about how broke we are or the next Aritzia dress we want

to splurge on because it's “definitely an investment.” I’m talking about financial wellness, a crucial skill set often overlooked in student life.


So, what exactly is financial wellness? It’s not just about having enough money to buy what you want; it’s about managing your money smartly, setting goals, and feeling confident about your financial future. Picture this: you’re cruising through life without the stress of paycheck-to-paycheck living or drowning in debt. Sounds like a dream, right? Well, it’s possible with a little financial finesse.



Here’s the deal: as students, we’re constantly bombarded with the pressures of academic success, social life, and future career prospects. Amidst all this chaos, managing our finances often takes a back seat. But here’s why it shouldn’t: mastering financial wellness now sets us up for a lifetime of financial success.


Think about it: understanding budgeting, saving, and investing gives us the power to make informed decisions about our money. Whether it’s saving for that dream vacation, paying off student loans, or even investing in our future, financial wellness equips us with the tools to make it happen.


Focusing on your finances can not only help with stress but set you up for success after university! Try to make a change in your life and learn more about your finances. Queen’s runs financial wellness related events during the school year so watch out for those opportunities!



References

Adams, M. (2023, January 27). What Is Financial Wellness? – Forbes Advisor. Www.forbes.com. https://www.forbes.com/advisor/investing/financial-wellness/ 

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