What does it even mean to be ‘healthy’? Does it mean you run 3 miles every day? Drink green juice? Eat salads? Get 8 hours of sleep? Get routine checkups at the doctor’s office? See a mental health professional? The answer is yes. These are all healthy choices. Health is such an umbrella term, with numerous facets and combinations. But there’s one area of health that is commonly overlooked, and that’s financial health. How exactly does money affect your health?
Money is certainly linked to your overall health and wellbeing. Having money means you can afford to take those boutique fitness studios, or subscribe to that meal planning service, or hire a personal trainer, or see a therapist every regularly. And certainly, having adequate money can lower stress, which in turn helps you sleep better, can lower your blood pressure, and can decrease your risk for heart disease.
We all know, having extra cash to afford more would be nice. But rather than always seeking for more, what if you simply did better with what you have?
Meet Emerald Sparks, local finance guru who is empowering females across Cincinnati to take control of their finances. In celebration of Self Care Awareness Month, we partnered with Emerald to find out not only why it’s important for women to be part of the financial conversation, but also how finance can affect your overall health and wellbeing.
Emerald helps average women become “extraordinary money masters” by maximizing their current income to “make it do what they want it to do.” She helps people finally take control of their debt, teaches them how to invest their money, and helps them realize their dreams of owning a home, or a car, or starting a family.
She is the author of the book "Vision. Future. Reality: How to Budget Like A Boss" and creator of a financial planner entitled "The Create Sparks Financial Planner: A Bossed Up Planner to Maximize Your Income".
We asked Emerald a few questions about financial health. Here’s what she told us.
What does it mean to have financial wellness?
Emerald: "While having plenty of cash would be nice for all of us, financial wellness has nothing with the amount of money you have. Financial wellness is about being able to create the life you want to live on your own terms. It has everything to do with making smart decisions so that you and your family are in the best position to live life out loud and create your own version of financial freedom. It is about being informed about your choices. While there is never a perfect scenario for any life situation, there are are decisions that are better than others. All financial decisions should be based on what's best for you and your family not the general public."
Do you have any tips for how to achieve financial wellness?
"Keep track of how much is going out of your household and how much money is coming into your household.
Just because you have can afford it, doesn't mean you should buy it.
It is not about how much money you make, but how much money you keep.
If you cannot purchase it 3-4 times then you can't afford to buy it.
Do all things in moderation. It's all about balance."
What are the most common mistakes women make when it comes to personal finance?
Emerald: "Remaining uneducated and letting their husbands solely handle the finances."
How are you impacting the lives of your clients?
Emerald: "I am educating women to create their own version of financial freedom while solving their misconceptions about money. Money is not some scary thing that should be ignored. We touch money everyday and we need to be educated about the ins and outs of the matter."
We are excited to be partnering with Emerald for our 7 Nights of Self-Care with Women of Cincy on September 26th. Visit this link to register for this free event, and to learn more about how you can achieve financial wellness.