Connect with us

Health

Everything You Need To Know About Financial Wellness

Published

on

Financial well-being, like physical fitness, should be at the top of our priority list. However, it is frequently overlooked or taken for granted, unlike physical fitness. It’s also been established that the people who have a healthy financial life are more productive and focused at work.

A person’s complete financial wellness and the elimination of money-related concerns are considered financial well-being. It refers to the safety of your funds. In addition, it’s an essential aspect of overall human happiness, which includes physical, emotional, and financial well-being.

Also Read: Pirate Bay

As students, people get over their stress by delegating their work to academic helpers. If instead of taking that corporate finance assignment helpyou can work on your assignments yourself. In that case, the knowledge might help you in assessing your finances in the future more efficiently. Nevertheless, this article aims to provide you with an elaborate idea about financial wellness with bite-sized data.

What Is Financial Wellness?

Several factors go into determining financial well-being. Your outlook towards money changes with your age. For example, many baby boomers (people born between 1946 and 1964) are reaching retirement age, whereas millennials (people born between 1975 and 1996) are still in the midst of their careers. Gen Z (people born after 1996) are likely only getting started on the road to financial stability. However, each age has its perspective on money and what it means to be financially healthy.

Financial wellness is always critical to improving your mental health holistically at whatever stage of life you are in. There are three primary forms of financial well-being:

  1. Financial health

Financial health is a term used to characterise an individual’s financial status, including numerous factors such as savings, fixed expenses, and how much money they save monthly. A consistent cash inflow, a few trades in solid-returning investments, and a consistent cash balance are all signs of good financial health. Financial planning, creating a contingency fund to use in case of crises, and paying off debts as rapidly as feasible are vital and should be planned carefully.

  1. Financial Behavior

A person’s financial behaviour is his/her approach towards his/her financial standing. It entails effectively managing finances to meet both short and long term financial objectives. It is critical to maintain financial control; if necessary, financial wellness programmes are available online and offline if you want to be well versed in the financial aspects. Your financial behaviour will improve as a result of this.

  1. Financial literacy

Financial literacy can be gained by proper financial training. This will help you learn techniques that will assist you in achieving financial stability, reducing financial stress, and improving your financial health.

Why should you care about financial wellness?

There are various reasons for which you should take financial wellness seriously. Some of these reasons are –

  • Imbalanced finances are distressing

These days, finance can be a perpetual source of anxiety for people. Financial worries can lead to various health concerns, ranging from severe despondency and dejection and even cardiac complexities. Because of financial worries, some people indicated they considered postponing or did forego doctor’s appointments. Maintaining balanced finance can reduce your stress and result in a healthy and positive mind set, which can contribute to increased productivity.

  • Managing finances is Time Consuming

Managing funds is both time-consuming and frustrating. Some people may miss work as a result of financial difficulties or emergencies. Sleep deprivation, economic challenges, etc., are all reported to have a negative impact on productivity. People lose concentration and be less productive and creative when concerned about their finances.

  • Financial wellness improves engagement

In the case of the low to mid-level income groups, most of the income gets spent on the basic cost of living. The financial stress is that even if their income increases, they fail to manage their finances because of a lack of necessary financial education. All of these causes low productivity, engagement, and overall growth. In corporate, employees’ total well-being is improved by investing in financial wellness and enhancing their fitness, efficiency, and enthusiasm.

First Step Towards a Better Future

Better financial health and knowledge will improve people’s present life situation and help everyone build a better future. Moreover, your outlook toward life will change entirely with better financial health.

Steps To Attain Financial Wellness

Everyone’s definition of financial well-being is different. Therefore, it’s critical to evaluate all parts of your financial life while investing in your financial viability and well-being.

  1. Find Your Financial Standing 

It isn’t easy to know where you’re heading if you don’t know where you started. So do financial auditing of yourself to understand your spending patterns. Credit and student loans, monthly living costs, bank deposits, and other items are included. It’s crucial to understand your spending habits. In the process, you may get a chance to know a little more about yourself.

  1. Make an Expense Plan

A budget can help you embark on the road to financial wellness. By making a spending plan, you’re assisting yourself in making wise financial decisions.

  1. Eradicate Your Debts

We live in an era where consumer debt is at all-time highs. It’s easy to feel overwhelmed by student debt and the cost of housing. However, financial stability means minimising and eliminating debt as quickly as feasible.

  1. Make an Emergency Fund 

Life is full of surprises. Hence, it’s critical to have emergency money set up in case of unforeseen occurrences. According to financial advisors, individuals should have 3 months’ average living costs stored. They propose saving six months’ worth of living expenses as part of unexpected expenses.

  1. Be Future Ready 

You should set aside 10-15 percent of your total salary for retirement accounts as a general guideline. Of course, the actual amount varies by individual, but the sooner you begin saving, the better. Even if they seem too far away to consider, it’s necessary to think about your long-term ambitions.

Fashion

Feel and Look Amazing with Your Golden Hue

Published

on

By

Going in for spray tanning is not always for aesthetic purposes. There are many other benefits that you can accrue if you go in for sunless tanning. With more and more people getting bronzed at salons and celebrities galore flaunting golden complexions, there is no reason you should balk at this convenience.

When done properly, tanning is completely safe. In fact, it has several health benefits as well. You too can usher positivity in your life with a few visits to acclaimed tanning salons and getting a darker hue to your skin. Here are a few reasons why tanning has become a part of life for so many people in and around our lives.

Gain Confidence

At any given time, you would want to look appealing to others. In modern times, there has been a blast in mediums that present more and more information on how one can appear better and more presentable at all times. 

Instead of looking ‘white’ or ‘pale’, you would want to appear healthy and glowing, which is associated with tanning. Once you get a darker hue, you feel good as endorphins are released in your body. This experience is the same as what happens when you work out. Your body realizes that you are striving to look good and the efforts make you feel euphoric, which makes you actually glow better. Also, the process of getting a tan is a soothing one as well. So when you get tanned on a regular basis at a ‘tanning salon near me’ your mood becomes better too and you feel happy and energized through the day. 

Exposure to Red Light

Did you know that our electronic devices, such as smartphones, laptops, etc.) emit blue light?

To function in an optimum manner, human beings need a balance of red and blue light. When you get tanned, you are exposed to the red light which helps you to regain that balance. It also helps to reduce pain, which uplifts your mood as well.

And a happy you is a gorgeous you!

Dose of Vitamin D

Experts say that around 75% of people are Vitamin D deficient. The lack of this vitamin can lead to several health issues such as diabetes, autoimmune diseases, and depression. It is imperative to get ample vitamin D daily so that you stay well. When you get tanned, you receive a large dose of this vitamin. If you go in for regular tanning at a tanning salon in Boca Raton, you can rest assured of being cured of this deficiency.

Reset Your Body Clock

The competitive times of today play a large role in our staying inside most of the time. This wreaks havoc on our bodies and most of us have out-of-whack biological clocks. This means going to sleep very late in the night and getting up late as well. A skewed sleep cycle is detrimental to one’s health and tanning has been known to fix this issue. It helps your body to know when to sleep and when to rise. 

Continue Reading

Health

Alcoholism, Mental Health, and WHO’s Latest Report

Published

on

By

As per a landmark report released by World Health Organization (WHO) in June 2022, “1 in 8 people in the world live with a mental disorder.” This gives rise to the need for an urgent transformation in mental healthcare. 

The report further states that in 2019, before the Coronavirus pandemic, the number of people with a mental disorder was nearly a billion. This included around 14 percent of the adolescents in the world. 

After pandemic, as the report says, the rate has increased. The first year of the pandemic saw an increase of 25 percent in the rate of depression and anxiety. 

You might be wondering what it has got to do with AA meetings. Well, mental health is related to alcohol use. 

Alcoholism and mental health 

There is no need to say that, after the pandemic, the number of alcohol users increased too. The pandemic threat might have been reduced towards the end of 2021, but people were still anxious, stressed out, and fearful. 

A lot many had to start their livelihood from scratch. To add fuel to the fire is the ongoing threat of mutant strains. No wonder, a large chunk of the population found solace in alcohol. 

Today, as you attend an AA meeting in Maryland, you would find many members confessing their relapses. Many recovering addicts relapsed during the pandemic. They just couldn’t handle the stress that came with the “virus attack” on the world. 

And, as WHO’s report suggests, today the world is teeming with mentally ill people. Some are mildly ill, while some are severely ill. Some are aware of their illness, some are not. 

The problem with mental disorders is that they are not always obvious like physical symptoms. So, most of them go undetected or unacknowledged. The latter one is a matter of concern. 

No wonder the rate of alcohol use disorder has hardly seen a downward trend in these years. An increasing number of people are struggling with their alcohol problems.

Addressing the problem

The first step toward solving a problem is to acknowledge that there is a problem. 

Similarly, if you wish to quit drinking, you must accept the fact that you have a drinking problem and cannot stop drinking. You need help. 

Only then will you take help, right? 

Members of meetings are people who have boldly accepted their powerlessness in front of alcohol and wish to regain their power to fight their addiction.

Tools like Sobriety Calculator help them accurately keep a tab on the sober days. So as you continue to attend meetings, you monitor your sobriety. This acts as a motivational factor to continue on your sober path. 

It is important to address your emotional self too when endeavoring to quit alcohol. The more you are mentally unwell, the higher your cravings for substances like alcohol. 

A sound and stable mind are strong enough to take on life’s challenges and seek happiness in sober ways. 

Time to analyze your mind. Are you one among the eight people who have some mental discomfort? Let’s be honest to ourselves today. 

Continue Reading

Health

Inactivity Monitoring for People Suffering from Chronic Diseases

Published

on

Chronic Diseases

Did you know that 90% of the annual $4.1 trillion health care expenses in the US are for people with chronic diseases? These conditions are especially dangerous as they are widespread and anyone can suffer from them. Read on to learn more about what chronic diseases are there and how inactivity monitoring can help your friends and family members deal with them.

What is a Chronic Disease?

Chronic disease is a condition that lasts for 3 months or longer. Their effects are long-lasting and persistent. Six in ten US adults have a chronic disease. Even worse, four out of ten have two or more. They are driving leaders of healthcare expenses and deaths or disabilities.

Different age and social groups suffer from chronic disease, but some behaviors increase the risk sufficiently. These are:

  • Tobacco smoking

Smoking causes cancer, heart and lung diseases, and even leads to diabetes and COPD.

  • Physical inactivity

Physically active people lower the risks of having heart diseases, diabetes, and even mental health issues.

  • Alcohol Use

Cancer, mental issues, and even a stroke are most likely to happen with excessive drinkers.

  • Poor nutrition

Poor nutrition is the cause of constant tiredness, high blood pressure, and obesity.

The Most Widespread Chronic Diseases. Their Threats

We can’t cover all of the diseases, but here are the most widespread causing health damage to seniors, adults, and even children:

Heart Diseases

One-third of deaths in the US are caused by a stroke or related heart disease. The risks of having one are high, especially in countries with low income. The most vulnerable group is older adults, but even an infant can suffer from a stroke.

Cancer

Cancer is the second leading cause of death in the US. It is difficult to cure and even people who avoid bad habits can suffer from one. It requires a complex medical approach and a lot of time to cure.

Diabetes

Diabetes is a condition that can cause many serious complications like heart diseases and kidney failure. Women older than 25 as well as overweight or people with high pressure are at increased risk.

Arthritis

Arthritis is one of the most common conditions around the world. It affects older adults who are rarely physically active.

Obesity

Obesity is a serious issue in the US. It affects 20% of children and 42% of adults. Obesity can lead to all of the chronic diseases listed above.

How Inactivity Monitoring Can Help People Suffering from Chronic Diseases

Proper chronic disease management is quite difficult. People with these conditions often can’t be responsible for their body state. That’s why centers for disease controls recommend using fall detection and health monitoring systems. Personal emergency response systems cut the risks of severe outcomes during a stroke or when dealing with pain. The most effective systems use inactivity alerting.

Inactivity monitoring allows family members and caregivers to receive the signal for help as fast as possible no matter the circumstances. It lets patients with chronic diseases send an SOS signal without their direct input.

How Inactivity Monitoring Works

Inactivity monitoring checks up on the absence of someone’s activity. It uses tracking parameters like timers. If the device detects the prolonged user absence it starts a chain of events that results in notifying the list of emergency contacts about the danger. The triggers and tracking parameters are different depending on the device used.

Inactivity monitoring is used in many systems starting from complex medical alert trackers and ending with smartphones and wearables. Customer services use it in different gadgets applications trying to achieve the fastest response time possible.

AllsWell App for Monitoring People Suffering from Chronic Diseases

AllsWell Alert is one of the best management apps for chronic diseases that uses the feature of inactivity monitoring. The app developers have made a medical emergency system that doesn’t need a response center and contracts with emergency services. All you have to do is to download the app, enter the user data, and set the inactivity timers.  

Chronically ill people can set up the timers of their activity during the day and if their absence is prolonged the system sends the SOS signal. The list of pre-set emergency contacts receives the notification with the latest GPS location of the patient.

Download AllsWell Alert today and see how crucial inactivity monitoring is for the digital health of patients with chronic disease.

Continue Reading

Trending