According to the U.S. Consumer Financial Protection Bureau, financial wellness is a state of being in which you can fully meet your current and future financial obligations while feeling secure in your financial future and making choices that allow you to enjoy life. In other words, it’s a state of being in which you:
- experience minimal financial stress,
- have a strong financial foundation of consistently living withing your means,
- and are on track to meet your financial goals.
Understanding what financial wellness means is good to know but assessing how it applies to your personal situation is important. This article1 provides information that can help guide your personal assessment.
You can also download a Financial Wellness assessment that discusses the six pillars of financial wellness and provides a practical framework for managing your financial life.
1This article was written by Erik Carter from Forbes and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.