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McMaster Okanagan Committee

Prioritizing Optimal Health & Well-being at McMaster

Financial Health & Well-being

Financial health and well-being accounts for feelings of satisfaction with current and future financial situations. This includes grants, scholarships or funds to assist a student, faculty, staff or community member meet certain expenses professionally, academically or personally.

Why is financial wellness important?

Financial wellness is critical for all people because it can help lower your stress levels. Stress related to money can affect every aspect of your life. Your personal and professional productivity could potentially suffer due to financial worry. In fact, this is one of the key reasons that so many employers offer financial wellness programs. Employers are well aware of how stress reduces productivity, and recognize that helping their employees learn about financial wellness can help strengthen the business’s bottom line.

Financial wellness can help you in the long run. If you’re focused on financial wellness, you’re also working on your long-term goals, and as a result, you are likely to enjoy both your present and your future more.

McMaster Brighter World Financial Well-being Articles