financial well-being

Financial well-being refers to a state where an individual has control over their day-to-day finances, feels secure in their financial future, and is able to make choices that allow them to enjoy life. This includes having enough money to meet basic needs, having the ability to save and invest for the future, being able to manage financial stress and being able to achieve long-term financial goals. Financial well-being can be influenced by a number of factors including income, expenses, debt, savings, investments, and financial literacy. Improving financial well-being often requires developing a budget, reducing debt, increasing savings, and seeking out resources and education to help build financial knowledge and skills.

financial well-being