Here are 6 key principles for obtaining financial wellness: 

1. Get organized. Start by tracking your spending, creating a budget, and setting financial goals. Having a clear picture of your income and expenses is the foundation of sound financial planning.
2. Understand your cash flow. It's important to understand the difference between your income and expenses to know whether you're spending more than you're earning.
3. Save and invest. Start an emergency fund and make sure you're putting away enough money each month to reach your financial goals. Investing can help you grow your wealth over time.
4. Manage debt. High levels of debt can impact your financial stability, so it's important to understand how to manage debt effectively. Consider paying off high-interest debts first, and look for ways to reduce your monthly expenses.
5. Educate yourself. Read books and articles, and attend workshops to learn about financial planning, investing, and personal finance. It’s important to stay informed and continue learning.
6. Review your plan regularly. Reviewing your financial situation regularly will help you stay on track.

By following these steps, you can take control of your finances and achieve financial wellness. Remember, financial planning is a lifelong process and requires discipline and perseverance.

By DEMETRIUS MURCHISON, CPA, FINANCIAL ANALYST, GENERAL MOTORS FINANCIAL