Understanding financial wellness is not as easy as it sounds. We understand, which is why Beyond Finance works diligently to help hard-working people pay their debt and get a second chance at the debt-free life they deserve.
For many of the nearly 45% of Americans carrying credit card debt each month, determining the proper budget to achieve that wellness is where the journey begins. However, some people struggling with personal finance find creating a budget daunting. If their current awareness of economics didn’t prevent them from the pain they’re experiencing, what good would a budget do?
We understand that, too. Budgets, much like bank accounts, are personal. As our financial therapists tell our clients, “Money is inherently emotional.” Whether saving or spending, budgeting or borrowing, money can be a complex issue for anyone searching for help with something as common as budgeting or financial wellness.
Notable wellness publication “BestLife” drafted an article about “How to create a monthly budget” for its readers. The journalist called upon national experts, including Beyond Finance Chief Financial Wellness Advisor Dr. Erika Rasure.
“Having a budget gives you freedom—you know exactly where every dollar is going, and it creates a plan and empowers you to make saying ‘yes’ or ‘no’ easy,” says Rasure. “If a particular expense is not in the budget, it’s off the table.”
The article reviews 14 different ideas for those searching for ways to create a budget and experience financial wellness. We think it’s a must-read, so bookmark it and take some time to read what Dr. Erika and other personal finance leaders have to share. And let us know how you’re doing!
About Dr. Erika Rasure
Dr. Erika Rasure, PhD, CFT™ is an internationally recognized financial therapist, educator, and researcher with over two decades of experience helping people transform their relationship with money. As Chief Financial Wellness Advisor at Beyond Finance, she leads weekly financial wellness sessions with clients navigating debt and serves on the Financial Review Boards of Investopedia, The Balance, VeryWell Family, and VeryWell Parents. Her expertise has been featured in Forbes, CNBC, CNN, and NBC’s Today Show.