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HABITS that Build Financial Well-Being

HABITS that Build Financial Well-Being October is Financial Planning Month. What is the definition of Financial Well-Being? According to the CFPB, financial well-being is defined as: “A state of being wherein you have control over day-to-day, month-to-month finances; have the capacity to absorb a financial shock; are on track to meet your financial goals; and have the financial freedom to make the choices that allow you to enjoy life.” With this definition in mind, SAM suggests these guiding principles for structuring your financial habits: Spend less than you earn - Bolster your savings and reduce your expenses. Remember, just because…

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