Financial Wellness is the lifeblood of living well when you have physical wellness and mental wellness. To live well in modern urban societies, you need money. What is financial wellness?
Financial wellness is feeling good about your financial health.
Financial wellness concerns the effective management of your economic life. It means that you are debt-free and you have adequate education, retirement and emergency funds. In short, you are well prepared to handle any financial crisis, come what may, whether it is Covid-19 or Covid-21.
The underlying concept of financial wellness is financial security and peace of mind. Make it a habit to save and invest and to protect your assets. As you age, make sure you have adequate insurance to cover the treatment of chronic illnesses and to cover unexpected medical emergencies.
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