Ultimate Guide Financial Wellness and Wellbeing

It’s time you got on the road to financial wellness and achieve well-being.

There is no official definition for financial wellness. Many experts and companies define financial wellness as relating to workplace benefits. In fact, online search queries primarily result in retirement planning links. We believe financial wellness is a holistic approach to money and living.  

Do more of what you love and spend less time worrying about money. Financial wellness is about your health and wealth. Financial well-being is about the quality of the life you’re living.

On our financial wellness road trips, we learned that people define financial wellness as having enough to live comfortably, experience little financial stress, and time to enjoy life. We believe people can achieve these goals through a shift in mindset, a better understanding of money, access to better banking products, and a supportive community.

The creator of the Road to Financial Wellness Jason Vitug defines financial wellness as:

“…your state of healthy living through active pursuit of financial knowledge, planning, and goal setting to live your best life.”

Living your best life happens when you’re experiencing less financial stress. Stress is a normal part of life, but financial wellness aims to lessen the amount of stress you experience and improve your well-being.


The tools to lessen stress and improve well-being:

  • spending plans,
  • debt-free mindset,
  • multiple income streams,
  • an emergency fund,
  • investment strategy,
  • and a retirement plan.

Managing money well and financial planning results in more time to pursue passions that contribute to a greater sense of satisfaction and happiness.

Defining Financial Wellness

Let’s define the words financial and wellness. The word “financial” relates to finances having synonyms: money, banking, and investments. “Wellness” is defined as being in the state of good health as an actively pursued goal. A New York Times article explained the word wellness emerged in 1650 as the opposite of illness. Wellness described a healthy state of living one achieved “without simply avoiding sickness.”

The World Health Organization defines wellness as “a state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.”

In Jason’s book, You Only Live Once, published in 2016, he reasoned why he used the term financial wellness:

I wanted people to understand that financial success-however you choose to define that success-only matters if you’ve found a balance between money and life. I used the term financial wellness to describe the state of living in which your well-being is measured by the quality of your life, not just by wealth.

We define financial wellness as the active pursuit of healthy living through financial knowledge, planning, and goal-setting to live your best life.

Read more interesting articles:

Financial Wellness Matters

We’ve all had moments where money caused a great deal of stress. We either didn’t have much of it or stressing over how to make it grow. These money worries cause stress that impacts how we feel about our lives. Those feelings and thoughts impact our physical, mental, and emotional well-being. Financial wellness aims for a healthier outlook on life.

As a lifestyle goal, financial wellness is about managing money today and planning for the future to lessen stress and support a healthier lifestyle.

Many have argued money isn’t important. Money cannot buy happiness. But money does play a significant role in our society. Money is the currency that pays for food, shelter, and medicine. It allows us the basic necessities to survive and the luxuries we enjoy.

Financial wellness isn’t about making millions. We’ve met a few millionaires living with a great deal of financial stress. On the road to financial wellness, the promise is peace of mind that leads to a higher quality of living.

When you feel better about your finances, you’re less likely to feel financial stress. This supports better physical, mental, and emotional wellness. Your health matters so, therefore, financial wellness matters.

Read more about healthy living:

  • How Financial Stress Impacts Your Well-being

The Bottomline on Financial Wellness

Financial wellness is the active pursuit of healthy living through financial knowledge, planning, and goal setting to live your best life.

While on the road to financial wellness, you’re involved in the process of gaining knowledge and skills. You’re improving your relationship with money, gaining money management skills, prioritizing savings, and making mindful spending decisions.

The goal is to achieve financial well-being – a state of healthy living – where you experience less stress related to money. Outlook in life is positive. Satisfaction is high. You feel well about where you are and where you’re headed.


Here are recommended resources to help you on the road to financial wellness. Full transparency matters: We earn affiliate income if you decide to click and use a product or service. The recommendation is based on their usefulness and effectiveness to help you. The affiliate partners pay us money which in turns helps us fuel our mission. We thank you well in advance for supporting them with your use and thereby supporting us.

Books to read: You Only Live Once: The Roadmap to Financial Wellness | Broke Millennial | Real Money Answers | Why Didn’t They Teach Me This in School

Blogs to follow: Rockstar Finance | Centsai

Get your free credit score: Credit Sesame

Use a budget app: Personal Capital

Start investing with change: Acorns

Refinance student loan debt: SoFi

Consolidate credit card debt: Payoff