Taking Care of Yourself and Your Financial Health
Career, family, and social commitments can consume so much of your time and energies that you may forget to take care of yourself—or find yourself overwhelmed.
Fortunately, there are resources that can help you remain fit—physically, mentally, and financially.
Seek Out and Be Open to Help
There are many free and low-cost programs offered by employers; community assistance; or local, state, and federal governments that can help with personal and professional needs.
- Employer-sponsored programs often include assistance programs such as:
- Family medical leave to care for children and elderly parents.
- Child and elder care programs that provide assistance so that you can keep working.
- Counseling for legal, financial, and career matters.
- Education on financial issues, such as planning for retirement and college.
- Government or community resources can help with such matters as:
- Social Security
- Child and elder care
- Job seeking
- Veteran’s services
- Caring for people with special needs
Take Care of Yourself
While you’re working on household needs, don’t forget to take care of yourself. Some things you can do to recharge are:
- Enlist members of your household to help out with chores and projects that need to be done around the house. Or hire someone to do those chores, if possible.
- If you work, take time out to balance your personal needs and goals against job considerations and family objectives.
- Set "me" time every day for personal activities, such as exercising, reading, and spending time with friends, to help reduce stress.
- Make plans with extended family and friends so that you don’t lose touch with what they’re doing.
Work on Getting and Staying Financially Fit
A big part of any household’s success is how well financial matters are managed. You can improve your financial health by:
- Educating yourself on financial matters. Learn the basics about budgeting, life insurance, retirement accounts, and investments.
- Checking with your and your spouse’s or partner’s employer to see what financial tools and other resources are available. Besides counseling on budgeting and college and retirement planning, many employers offer retirement planning and college savings accounts with tax breaks you can use to your advantage.
- Speaking with a financial professional to review your entire financial picture. He or she can help you make the most of your employer’s offerings such as a 401(k) plan; set up personal and college savings accounts; choose a suitable life insurance policy, plan for retirement, among other things.