StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

My Financial Wellness and Goals - Essay Example

Cite this document
Summary
"My Financial Wellness and Goals" paper argues that money saved can be invested in a wide variety of financial instruments such as common stocks, preferred stocks, corporate bonds, treasury bills, and derivative instruments among other options. People can use finances to plan for their retirement…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
My Financial Wellness and Goals
Read Text Preview

Extract of sample "My Financial Wellness and Goals"

The quality of life of an individual depends on the good use of personal finances. To achieve financial well being a person must work to earn an income. Another important aspect of managing finances is having a good investment plan. An area of finances that I often have trouble with is budgeting. I always try to create a personal budget for my expenses every month, but it seems as if my budgets are always off. I always end up spending more money than what my budget stipulates.

The use of software such as Excel or Quicken can help people manage their budgets better (Intuit). Financial goals are very important. “The first step in personal financial planning is controlling your day-to-day financial affairs to enable you to do the things that bring you satisfaction and enjoyment” (Fowles). These goals can be established for the immediate, short, medium, and long term. SMART goals are specific, measurable, attainable, realistic, and timely (Topachievement).

An immediate goal is to save at least $300 at the end of the month. A short-term goal is to purchase a new smartphone within one to two months. A second short-term goal is to save money to purchase winter clothes. An intermediate goal is to increase the value of my investment portfolio by 10% at the end of the year. Another goal is to save money for a down payment on a new home within five years. A long-term goal is to save $250,000 by retirement age. 

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Financial Wellness Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Financial Wellness Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/health-sciences-medicine/1609077-financial-wellness
(Financial Wellness Essay Example | Topics and Well Written Essays - 250 Words)
Financial Wellness Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/health-sciences-medicine/1609077-financial-wellness.
“Financial Wellness Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/health-sciences-medicine/1609077-financial-wellness.
  • Cited: 0 times

CHECK THESE SAMPLES OF My Financial Wellness and Goals

Career Aspirations and Reflection on Skills Development

The researcher's first step towards achieving these goals is first, to obtain his bachelor's and master's degree in Business Management.... Leadership skills are essentially the ability to motivate a group of people towards particular goals (Leadership 2011).... This paper examines the author's long term career plan as to be able to open and establish his own string of SPA and wellness Centers in London.... Apart from the financial requirements, he also has to be equipped to establish and oversee his own SPA and wellness Centre....
11 Pages (2750 words) Essay

Utilization of Wellness Programs

It is also important to note that wellness programs also include financial wellness.... This component performs various roles, which ensure that organizations achieve their goals.... The paper "Utilization of wellness Programs " highlights that wellness programs, in general, offer a good platform for HR managers to discover how to utilize the skills and efforts of the employees to successfully implement organizational strategies....
5 Pages (1250 words) Essay

Working at the Pharmacy

here are a lot of hindrances that came my way in heading toward my career goals.... However, they are unable to support him in attaining his goals.... My parents have worked hard throughout their life to help both my brother and me accomplish our career goals.... He also has certain career goals that he wants to accomplish.... All that I want to do in my career is be a pharmacist, which will help me attain both my short-term and long-term goals....
2 Pages (500 words) Essay

Can Disability, Chronic Conditions, Health, and Wellness Coexist

This essay "Can Disability, Chronic Conditions, Health, and wellness Coexist" tell us that the optimum health level and chronic conditions can co-exist.... Additionally, they can improve the community's financial status by working productively.... Illnesses can affect the financial systems of many countries (Wright & Ellis, 2010)....
5 Pages (1250 words) Essay

Wellness Project: Health- Satisfying Life

An essay "wellness Project: Health- Satisfying Life" specializes that wellness is an active method of becoming responsive o the creation of choices leading to a healthy- satisfying life.... Emotional wellness may be stated as the state of controlling emotions and expressing them applicable and at ease.... Lack of emotional wellness can be the most harmful of the known dimensions of our overall wellness.... Intellectual wellness is stated as the skill of learning, growing from know-how, and utilizing intellectual abilities....
5 Pages (1250 words) Essay

Importance of Health and Wellness

The rewards are also an important part of the arrangement since they serve as an incentive for achieving the goals thus they are a source of motivation.... The paper "Importance of Health and wellness" highlights that the behavior-changing journey is on the right track and that everything is working as expected.... Health and wellness are some of the commonly confused terms used by people today.... Conversely, wellness can be described as the maintenance of a balance between six different aspects of health i....
7 Pages (1750 words) Essay

Financial Planning - Y&O Inc

In the case of Veddy's wife expecting another newborn baby and for Harry planning for retirement, previously defined goals.... financial plan are used by individuals or businesses progressively and cumulatively to attainment and accomplish a final financial goal or set of circumstances as the case of Veddy and Harry through their elimination of debts, retirement preparedness, investments, estate plan.... The paper "financial Planning - Y&O Inc" is a perfect example of a finance and accounting case study....
15 Pages (3750 words) Case Study

Development of the Wellness Speech Center

The room will be advised by Student LIFE's Programs Board, the manager will collaborate with the board to program a stress relief series, the five coordinators on the board will each program as an event geared towards wellness and stress relief.... The paper "Development of the wellness Speech Center" describes that one in four young adults between the ages of 18 and 24 have a diagnosable mental illness.... During my work in Student LIFE and hearing/seeing all of the sudden discussions and interest in student's mental wellness, I brought up the idea to my advisor and it was a go that Student LIFE Programs Board will take on space, not being open always just yet, but coordinating a minimum of six events per quarter in the space....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us