Financial Health

Financial health refers to an individual’s or organization’s overall economic stability and ability to meet financial obligations. It involves having enough income to cover expenses, manageable debt levels, adequate savings for emergencies and future goals, and a sustainable budget. Key aspects include cash flow (money coming in vs. going out), net worth (assets minus liabilities), and creditworthiness (ability to borrow responsibly). Good financial health allows for greater financial security, reduced stress, and the capacity to invest in opportunities that can enhance overall well-being.