Definition
A state where you feel secure and confident about your financial future, thanks to a healthy balance of income, savings, and manageable debt.
What to consider
- Focus on covering your everyday expenses without stress.
- Build an emergency fund and manage debt responsibly.
- Regularly check your progress to maintain confidence in your finances.
Real world scenarios
- After paying down credit card debt and consistently saving each month, Sarah feels less stress and more freedom in her daily life.
- Gerard invests in his 401K, keeps an emergency fund, and sees a measurable improvement in his financial well-being over a year.
- Adopting a budget app and establishing regular money check-ins fosters a greater sense of control and satisfaction for Darcy.
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