your financial wellness wheel

​At a visit to a doctor for an annual physical checkup, you may be examined for things like blood pressure, heart rate, weight, etc. (Web MD). When “examining” our own financial health, things we may evaluate our savings rate, budget method, or current debt burden. 

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8 FINANCIAL WELLNESS WHEEL CATEGORIES:

• Budget-I have a specific plan for my month-to-month spending.
• Emergency savings-I have a stash of cash saved for emergencies.
• Low debt-I am able to pay more than the minimum payment on my debts. My debt burden is not overwhelming.
• Living within your means-I spend less than I make.
• Retirement savings-I regularly contribute to retirement investments.
• Credit score-I have a score above 700.
• Insurance coverage-I have adequate insurance for my needs.
• Financial goals-I have money goals that keep me motivated.

The first step to complete this activity is to download your FREE Financial Wellness Wheel Worksheet. 

​Next print the Financial Wellness Wheel worksheet and review the 8 categories –Imagine the center of the wheel is 0 and the outer edge is 10. Choose a value between 1 (very dissatisfied) and 10 (fully satisfied) that represents your current score in each area. Draw a line and write your score alongside.

IMPORTANT: Use the FIRST number (score) that pops into your head, not the number you think it should be! Next, draw a circular line connecting each segment.

NOTE: There are more detailed instructions on the Financial Wellness Wheel worksheet. 

​Reflect: How would your life be different if you had a score of 10 in each area? Which one of these categories would you most like to improve? Which area should you focus on first? What help and support might you need from others? If there was one key action you could take to make the most difference rounding out your wheel, what would it be?