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Financial wellness is a relative measure of how well a person manages their financial life. Improving financial wellness starts with practicing better money habits, setting goals and taking steps toward improving the quality of life. Similar to what psychologists refer to as the hierarchy of needs, there’s also a hierarchy of financial needs.

Also, it establishes your "wants" by going beyond your "needs" making wellness and literacy closely related. Since financial wellness involves taking steps to produce a positive result, then financial literacy is just embracing those concepts to pursue it successfully. There are several ways an individual could improve financial wellness... but the first step is always to improve one’s financial literacy. From this vantage, individuals may apply that knowledge to achieve the end goal of financial wellness.

The Association for Financial Counseling and Planning Education (a non-profit 501c3 organization) describes financial educators and counselors as enablers who encourage individuals and families to view behavioral adjustments positively as they prepare to make financial decisions.

As a society, our most important asset is our ability to make money and our biggest liability is our obsession with spending it all. Educators mentor, while financial service professionals use their technical training to offer solutions as they match client preferences to a product or strategy. These are two separate functions, but when working together they'll construct a road to financial wellness by....

First, creating a clearer picture of all things financial and
Second, by merging the quantitative conversation (e.g., cash flow and net worth) with the qualitative (e.g., personal priorities and values) 

What financial educators do....

* Educate clients in sound financial principles 
* Assist in overcoming financial indebtedness 
* Help clients modify ineffective money-management behaviors 
* Focus clients on achieving financial goals 
* Support clients as they work through financial challenges 
* Help clients understand the mechanics of money management 

Where do they start....

They begin with a review of the core competencies and how those principles affect individual or family situations. Once a foundation is created, then ongoing support continues per the itemized list above.

Additionally, they support the coordination of product solutions where appropriate. Why... because staying focused on your financial goals can be difficult. You know what they are, and you know you’ll be better off if you stick to them. But, like most, you also have a lot going on in your life, and it can be hard to remain dedicated to something just floating around in your head. 

Finally, if you’re feeling stressed, know that you are not the only one frustrated. People interested in improving their financial situation understand they need a purpose-based approach, but many lack the motivation to pursue those goals in a deliberate way and struggle to make progress.

When requested, we use educators trained and credentialed through The Association for Financial Counseling and Planning Education. Again, this service is designed to educate and assist you going forward.

That said, Abacus offers a free educational library supporting this mission. All clients receive our monthly newsletter (via email) titled..."Is This Your Situation" around the 15th of each month, which is paired with our consultation service and available at your discretion. All recipients receive a welcome packet discussing each service available. If you are not a client but wish to be included, just go to the "General Inquiries" tab in the header and complete the form. In the message area just type "Educational Service Subscription"... it's that easy!

Member, the Association for Financial Counseling and Planning Education (AFCPE)

As a non-profit organization, they are dedicated to promoting financial literacy through multiple channels. Although focused more on the challenges of everyday financial life, they do support goal-based planning in both purpose and practice.

AFCPE brings together research, education and practical experience, and supports the profession through comprehensive training, professional development and high-quality resources to help improve the financial well-being of individuals and families. For over 30 years, they have worked with the government, the military and a wide range of agencies to set policy. And, continue to collaborate with local practitioners that share their values and vision. Through membership and donations, we proudly support the AFCPE mission.

**Service Disclosure**
This service was created to support our commitment to serving a larger financial literacy mission and is offered without cost to participants. This service considers a persons unique circumstances. This is not a cookie-cutter program. It is an individualized approach to financial wellness and living within your means with specific recommendations but flexible enough to adjust to life changes as necessary.