Self-love is self-care and you should indulge in it as often as you can. Does that mean going for a movie or having a hearty meal? While these are just two of the favourite things that come to one’s mind, more importantly, your finances also need self-care.

Your finances deserve a little extra love because you deserve extra care. Here are a few reasons.

Boosts self-worth

Getting a potted sapling home isn’t enough. You need to care for it regularly to help it grow to a healthy plant or tree and then you can enjoy the fruits of your efforts. The same applies to your financial plan. Once you put it in place, you need to take care of it, and check on it often to ensure it is working the way you want it to. When you are in control of your finances and can see it fetching the returns you need, you will gain immense confidence. It will boost your self-worth.

Promotes self-reliance

Financial planning allows you to plan your and your family’s future. A frequent evaluation of your financial plan must be part of your self-care routine. This creates a secure feeling that you can get and provide support now and in the future. You don’t have to spend your today stressing about life tomorrow.

Reduces stress

Visualising what you may need and planning for the roadblocks you may encounter help you lead a relaxed life. Financial self-care will help plan for your children’s education, their wedding, your retirement fund, family vacation fund and most importantly, an emergency fund. This gives you security and you will not have to lead a life of anxiety. Periodically check your finances as your expectations and the money market keep evolving. Always stay abreast of the changes.

Prepares you for the unexpected

You can’t predict what the future will hold or anticipate every emergency. But you can provide for some financial security. Without this, you will be in a soup. Emergency funds give you a cushion until you deal with the unexpected situation.

You deserve the freedom to do what you like. You can achieve this by including your finances in your self-care routine.

Worried that you do not have the time and the experience to handle this alone? Just as you consult a doctor or a trainer, consult a financial advisor to help you with your financial self-care. Benefit from the expert’s knowledge and experience.