When you hear “wellness”, you might think of a relaxing day at the spa with soothing music. But unfortunately, financial wellness isn’t about bubble baths and massages (although we parents could definitely use that too). Instead, we’re talking about something that sounds less relaxing at first glance, but is just as beneficial in the long run: healthy financial planning.

Financial wellness means that you have your finances under control so that they don’t cause you stress – and that can be a real game changer for parents.

With all the things parents have to organise, plan and keep an eye on, financial health often takes a back seat. But this is exactly where the concept of financial wellness comes in: It’s about not just keeping your head above water in the short term, but leading a stable, stress-free financial life in the long term. This is essential for families in particular.

Of course, financial wellness does not mean that you have to be rich. Rather, it’s about having control over your own money and making financial decisions with a sense of security.

In short: money should not be a stress factor, but a tool that you can use to actively shape your future.

Tip: Here you can find out how to monitor your budget.

Why is financial wellness so important for parents in particular?

As a parent, you are not only responsible for yourself, but also for your children. Financial worries can also have an impact on the family. If you regularly worry about bills, debts or unforeseen expenses, you will experience more stress – and this can put a strain on the whole family in the long term.

A good financial basis means:

  • More security: you are prepared for unforeseen events and can cushion financial bottlenecks.
  • More freedom: You can offer your children more options – be it in terms of leisure activities, education or little extra wishes.
  • More role model function: Children learn from their parents how to handle money. A conscious approach to finances lays the foundation for your child’s future.

Speaking of role models: More on this and other tips on how children learn how to handle money.

5 tips for more financial wellness as a family

  1. Define savings goals: Set clear savings goals for yourself and your family, e.g. for your children’s education or unexpected expenses. Use tools like Clanq to easily integrate saving into your everyday life.
  2. Build up a nest egg: An ironclad reserve of around 3 to 6 months’ salary will help you to cope with unforeseen costs without panicking.
  3. Keep an eye on income and expenditure: Good budget planning shows you where you can make savings and where money can be put to good use.
  4. Save for your children early on: Even small amounts that you put aside regularly will build up a solid cushion over the years.
  5. Discuss finances as a family: Children should learn how to handle money at an early age. Age-appropriate conversations and playful approaches help them to develop an early awareness of finances.

Conclusion: Small steps, big impact

Financial wellness doesn’t mean that you have to have everything perfectly under control overnight. It’s about gaining more clarity and control step by step – and that pays off in the long term. Because the more relaxed you are about financial matters, the more energy you have for what really matters: Time with your family.

Clanq can help you with this: With the app, you automatically save for your child without impacting your budget – because you collect cashback with every purchase. This makes saving a natural part of your everyday life.

Take the first step towards financial wellness – for you and your family!