Achieving Financial Wellness in 2020

Interview Kathleen E. Owings.

Financial Advisor, Kathleen Owings can discuss the topic of how to go about finding and hiring the right financial planner for your individual or family needs.

Talking  points that Kathleen Owings
on Achieving Financial Wellness:

Managing one’s money isn’t just good for supporting yourself or your bottom line; It is essential for good mental and overall health. Money problems can be detrimental to your health and the relationships of those around you. Money problems can also cause stress on marriages and impact your children, too. Developing good money habits can not only be personally beneficial, but also something you can pass onto your children so they develop those healthy habits, too.

Money Managing Tips:

  1. Pay down debt. Work towards whittling away any debt you may have. Decide on an amount that you can live with and stick with it. Ignoring debt will only allow the interest and burden to continue to grow. 
  2. Track your money. List all of your debts and assets on one spreadsheet to see where your money is and where it is going. Also, Many banks have the ability for you to download your checking account activity so that you can see how you are spending your money. Try it one month and see where your money is going. From there you can build out a good monthly budget to attack your debt and be sure you are saving. 
  3. Make a budget. In today’s world, it is so easy today to spend money through automatic payment plans or just swipe our phones without any regard to our budget. Most people think of a budget as a dirty word, but a budget can give you permission to spend. If one looks at the money coming in every month and track where it is going, then you can give yourself the peace of mind that most people lack. 
  4. Maximize your retirement plan. If your employer has a match in the retirement plan, be sure you are taking advantage of it. 
  5. Make grocery store lists. When you go to the grocery store, have a list and stick to it. You will be less likely to buy stuff that you don’t really need. 
  6. Use bill pay apps. QuickPay or Venmo apps like these can help you track your money and add the benefit of simplifying the bill pay process. 
  7. Make saving automatic. You can have 401k savings come directly out of your paycheck before you even see it in your bank account. From your bank account you can have money transferred to a savings account for your emergency fund. If you are systematic and automatic, you are less likely to overspend and not save.


People should strive to be financially stable as early as they can. The habits that you develop at a young age will carry forward as your life gets more involved with a family and kids. Start by tracking your money and where you are spending it. Also be sure to start saving as early as you can. Think of savings like any muscle or workout routine. The more you do it, the more it becomes a habit and part of your routine.


Kathleen E. Owings
Principal and Financial Advisor
Westbilt Financial Group

Available for Interviews: Kathleen E. Owings.

Kathleen E. Owings was named one of the 4 Under 40 in 2018, a prestigious award given by the National Association of Insurance and Financial Advisors to only four young advisors in the country. Kathleen manages assets for individuals, families, and businesses to the highest standards of fiduciary duty.

Jo Allison
PR Managing Editor
Success In Media, Inc.

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