What is work-life balance? This phrase has long been associated with lines clearly separating work from personal life. But technology allows us to be connected 24/7. And this always-on connection has blurred the lines that were once so clear. Experts call this new approach to managing it all work-life integration. The idea is your work life and home life are intertwined, and reflects how fluid life really is. Whether you balance or integrate your life, these same strategies can be applied to how you manage your money.
Seek help as needed
Don’t be afraid to ask for help. Talk to your employer about the trouble you’re having, or use the guidance provided through your Employee Assistance Program. They may be experiencing the same roadblocks. Together you may be able to find workable solutions.
Likewise, if you’re having trouble keeping up with your monthly bills, for example, talk to a financial advisor. A professional can help you develop a plan to consolidate your debt, improve your credit score and achieve a better financial outlook. You'll find it easier to make those important decisions to stay on track and meet your goals when you know you’ve got someone in your corner. LGFCU members can get complimentary financial counseling by calling or making an appointment at their local branch.
Adapt to changing needs
Flex time and telecommuting are commonplace in today’s office environment. Managing personal commitments and work commitments at the same time means being adaptable to a different way to work. If you need to be home to meet a repairman or your child suddenly falls ill, ask if you can work from home all or part of the day.
Apply the same concept of adaptability to your finances where you can. Just as your work life is fluid, so is your financial plan. For instance, creating personal financial goals is a key part of having a healthy financial outlook. The goals you create today should hopefully see you through the next year or maybe even the next five. But life happens and you may need to make changes based on big events like work promotions or additions to the family. So be adaptable to what comes next. When the time comes, go back and revisit your goals to see where, and if, they need adjusting.
Take advantage of tech
Technology and mobile devices are an integral part of everyday life, both in the office and at home. So use it to your advantage. Need to run out during the day for a doctor’s appointment? Try flagging or answering a few emails on your phone while you wait. You’ll have fewer messages piled up while you were away.
Want to get a better handle on your finances? Technology can help there, too. Simplify your financial life with Compass by LGFCU. On the go or at your desk, this free money management resource puts all your accounts in one place. You can prioritize your spending, make better financial decisions and achieve financial freedom.
No matter what steps you take to find harmony between your work and home life, use the same strategies to help make managing your money easier.
The advice provided is for informational purposes only. Contact a financial advisor for additional guidance.