Financial wellbeing 

Financial experts generally define financial wellbeing as a state where you can manage your bills and 

expenses, pay your debts, weather unexpected emergencies and stay on track with your long-term financial 

goals. It’s also about managing your thoughts and emotions around money.

• Remember that defining your self-worth simply by

how much money you have can be harmful to your

emotional health.

• Set financial priorities. Decide what matters most to

you in life, and think through how you can align your

current financial situation with those priorities.

• If you have a partner, convening regular money talks

with them will help avoid money conflicts.

• Keep track of your numbers, such as income,

expenses, savings, retirement goals and debt. If debt

is a problem for you, work with a money coach to

develop a debt reduction strategy.

• A money coach can offer expert advice on how you

can reach various goals, from investing in education

to saving for retirement.

Money coaching

Are you stressed enough about money that you’re afraid to face and fix your financial 

situation? Through your program, you have access to Financial Wellbeing where you 

can get guidance from an experienced, unbiased Money Coach. Coaches can help you 

with student loan or consumer debt, budgeting, tax strategies and much more. Visit your 

member website to get started.

APRIL 2023

Momentum

Live Webinar—On Wednesday, April 12, join us for Financial Setback? Regroup & Rebuild, a webinar 

that can help you restore your finances in multiple areas and prevent future setbacks. Register here.

Contact your Employee Assistance Program at 1-866-580-9046 (TTY 711) or go online to

MagellanAscend.com for confidential, no cost help available 24/7/365 for you and your household

members.
B-MN0423E (1/23) ©2023 Magellan Health, Inc.

Working on Wellbeing

Where financial fitness fits

• The ways in which you manage, spend and save your money can have a significant impact on your overall wellbeing. 

When you’re financially healthy, you’re not saddled with daily stress and worry over finances, debts, etc.

• People with high financial wellbeing manage their personal finances with skill, and spend their money wisely. They 

value gaining experiences more than material possessions, they give to others instead of spending on themselves, 

and they’re generally satisfied with their overall standard of living.

• We can all do something to improve our financial wellbeing. Take time to learn financial management skills, such as 

budgeting and spending, understanding your credit, buying a home, growing a family or planning for retirement.

Money Matters

April 2023 financial webinars

The Financial Wellness Playbook 

Tuesday, April 11. Register here: 9 a.m. PT | 12 p.m. PT

Learn the money habits commonly practiced by people 

who have little financial stress in their lives. Develop 

action plans to target the habits you’d like to improve.

Investing: Education for Beginners 

Thursday, April 27. Register here: 9 a.m. PT | 12 p.m. PT

Examine how various investment accounts can help you 

achieve your personal savings goals. Learn how mutual 

funds, stocks, bonds and other types of investments 

work. Pick up action steps so you can apply what you’ve 

learned.

Mind Your Mental Health

April is National Stress Awareness Month

Stress can be sneaky. Sometimes we don’t even realize we’re in a battle with physical, mental and/or 

emotional strain. This month’s health observance encourages everyone to heighten their awareness of stress, 

particularly when it’s long-lasting. Here are some ideas.

• Take action. Use stress management techniques that 

have worked for you previously, and seek out new 

practices if you’re still struggling.

• Revel in nature. Studies show that experiencing 

nature reduces anger, fear and stress, while increasing 

pleasant feelings.

• Exercise regularly. Whether you bike, lift weights 

or take walks, exercising will keep you strong and 

resilient, increasing your ability to fight stress.

• Try some aromatherapy. Aromatherapy uses aromatic 

essential oils to medicinally soothe the body and 

mind; it can decrease anxiety and improve sleep.

• Have a hearty laugh. Laughter defuses distressing 

emotions and helps you shift perspective, allowing 

you to see situations in a less threatening light.

Visit MagellanHealthcare.com/about/bh-resources/mymh or call your program for confidential mental 

health resources.