What is financial health?

Financial health refers to the state of a person's personal financial affairs. It includes various aspects, such as the amount of savings you have, how much you set aside for your pension, and how much of your income you spend on fixed or sudden expenses.

Strong financial health is often characterized by a stable income stream, rarely changing expenses, good returns on investments, and a growing bank balance.

To improve your financial health, it's important to assess your current net worth, create a budget you can stick to, build an emergency fund, and pay off debts.