Definition
Similar to financial well-being, it refers to the overall health of your financial situation and your ability to manage money effectively.
What to consider
- It’s all about the balance between income, expenses, and savings.
- Small adjustments can lead to big improvements over time.
- Keep learning to stay in control of your financial future.
Real world scenarios
- A workshop at Jonah’s office teaches best practices for tracking expenses and building wealth, kickstarting his journey to better financial wellness.
- Regular expense reviews and proactive saving let Annette manage unexpected bills calmly, showcasing strong financial wellness habits.
- Malcolm’s structured approach—monthly budget updates and scheduled investment contributions—supports ongoing financial wellness and peace of mind.
Related terms
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