Defining Financial Well-being

Financial well-being refers to the state of an individual's overall financial health and stability. It goes beyond just having a certain amount of money and encompasses various aspects of a person's financial life, including their financial security, comfort, and ability to meet both short-term and long-term financial goals. Financial well-being is achieved when an individual has a sense of control over their finances and is able to make informed financial decisions that align with their values and goals.