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With so many experts touting its benefits, you cant dispute the importance ofpracticing self-care.
However, according to financial expert Rachel Cruze, self-care culture canharm your budgetif you arent careful.
HeresCruzes advice in a recent videoon how to practice self-care withouthurting your finances.
What Is Self-Care?
But the exact steps you take are less important than simply gaining control.
Money is a pain point for a lot of people, Cruze said.
Cruzes Financial Self-Care Routine
Heres an overview of the five-step financial self-care routine Cruze follows.
Manyhigh-yield savings accountswork like traditional ones and may have minimum balance requirements and monthly maintenance fees.
However, youll earn much more with a high APY.
Some high-yield accounts have APYs above 5.00%, whereastraditional savings accountshave an average return of only 0.45%.
Prioritize Financial Literacy
Cruze suggests one splurge for your financial self-care: Ramseys Financial Peace University.
So continuing to learn more about personal finance as a part of your financial self-care can pay off.
A local getaway can provide the same relaxation as a destination on the other side of the world.
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