Wellness takes many forms – sleep, healthy eating, fitness, you name it. Financial health doesn’t always make that list, but in my view it should. After all, money is often an essential tool you can use to make your dreams come true – and making your dreams come true is at the heart of wellness!
That’s why I was thrilled to be able to comment on a major new report surveying the state of women’s wellness by the ace team at EveryDayHealth.com. Here’s an excerpt of what I said about money stress and wellness:
“Kelley Holland, a financial coach and founder of Own Your Destiny Coaching in Montclair, New Jersey, adds that women’s financial stress isn’t surprising when you consider the gender pay gap. “Women overall earn 80 cents for every dollar a man brings home, according to the National Partnership for Women & Families, and it’s even worse for women of color…. At the same time, women tend to have lower confidence in their ability to manage their money. So not only do women earn less, they also feel less comfortable making the most of what does get into their paychecks. It’s a double whammy.”
The good news is that women can avoid that double whammy. Building negotiating chops, believing in your ability to manage your money, and setting big life goals can help you take charge of your finances – and make your money work for you. You may need a coach to help you on your way, but you can absolutely make these things happen. Now that’s wellness!