If you’re on X, you’ve probably seen *the* tweet that rocked the internet last week. And yes, it’s from Elmo.
Elmo is just checking in! How is everybody doing?
— Elmo (@elmo) January 29, 2024
What started as a pretty innocent question, soon turned into the internet sharing collective grief, despair, and existential dread. Even the President weighed in on the conversation. Sesame Street, and some other muppet residents, took the opportunity to share resources for mental health and spread the hashtag #EmotionalWellbeing.
Mental health is health! For #EmotionalWellBeing resources and more, visit @SesameWorkshop: https://t.co/yKqps8aEy2 https://t.co/iw5gpFfUYy
— Sesame Street (@sesamestreet) January 30, 2024
As Elmo said, it’s important to check in on your friends. And just as it’s important to check in with your friends, neighbors, and yourself about emotional wellbeing, the same can be said for your finances and financial wellbeing. So, we’re asking the question: How are you feeling about your finances?
Your Emotional and Financial Wellbeing
Your finances and your mental health can be connected. Maybe you feel stressed about your finances, so you ignore them. Or maybe you don’t know how much you need to save for retirement, but you don’t know who to ask or how to figure it out on your own. For many, doing a deep dive into their financial situation can evoke fear, even if there’s nothing to be scared of! And that can certainly have a big impact on your emotional state.
Resources for Financial Wellbeing
Luckily, we have a few resources to share that may be helpful starting places if you want to focus on your financial wellbeing this year. Our Financial Well-Being Check-Up is a great place to start. We’ll review the definition of financial wellbeing and discuss some jumping off points, like figuring out your credit score, to get you started.
Additionally, you can check out 7 Ways to Prioritize Your Financial Well-Being in the New Year. This blog provides some ways to help you create actionable steps to meet your goals and create good financial habits (like setting up an automatic transfer from your checking to your savings account).
If one of your goals is to become more knowledgeable about the financial sphere and the stock market, tune into the Off Street podcast from our investment department. Each week Adam and Sean discuss market news and real-world events as they relate to the economy.
Ultimately, tackling your finances alone can be stressful. It can help to have a trusted partner in your corner that you can brainstorm with. You may even be able to find a perspective that you haven’t considered yet. The wealth advisors at Marshall are here to listen and learn about your family’s hopes, dreams, and values. They’ll work with you to build a plan that feels achievable and helps you stay accountable. If you’re ready to work towards financial wellbeing, feel free to contact us to set up a meeting.
