Financial Wellness - Budgeting, Savings, Retirements, 401K, and Debts
Channel: yepnetwork
Date: 2021-07-21

YEP Finance focuses on various financial topics. This episode we are joined by Danny Aberra, Vice President of Global Commercial Business Banking RM at Bank of America, giving an overview of financial wellness and presenting some general tips.

A financial wellness definition has to do with your relationship with money. It refers to how secure your money is, given all the variables involving an unknown future. Are you financially prepared for emergencies? Do you have active plans in place to reach your long-term and short-term financial goals throughout life? It also includes your present situation with money. Do you have a budget? Do you stick to it? What about your attitude toward money? Does the thought of it make you sick to your stomach or does it make you come alive? All of these considerations and more must be a part of a thorough financial wellness definition.