Financial health

Financial health refers to the state of one's personal monetary affairs and the ability to manage financial resources effectively. It encompasses various elements such as income, savings, investments, expenses, and debts. Keeping a good financial health ensures that an individual can meet their financial obligations, make informed financial decisions, and achieve both short-term and long-term financial goals. Additionally, financial health involves developing good financial habits, like budgeting, saving for emergencies, and planning for retirement. Staying financially healthy allows for financial security and peace of mind, reducing stress and enhancing overall well-being.