Chris Budd: What isn't financial wellbeing?

Relationship between money and happiness

clock • 3 min read

In this month’s column for Professional Adviser, Chris Budd looks at some of the uses of the term as it becomes increasingly popular…

Since writing The Financial Wellbeing Book in 2015 (proceeds to charity), the term ‘financial wellbeing' has become use more and more widely. In the previous 29 of these monthly columns for PA, I've been seeking to explain the concept. I define it in its broadest terms as being the topic of our relationship between money and happiness. Sometimes, however, you need to define a topic by what it isn't. This was brought home to me in a recent Twitter discussion with a lifestyle financial planner, who claimed that financial wellbeing is the natural outcome of his work. That is not finan...

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