Money Wellness Financial Well Being
Financial well-being describes the status where you can fully meet current and ongoing financial obligations, can feel secure in your financial future, and is able to make choices that allow you to enjoy life. It’s determined by the extent to which you can have control over your finances by the day, month and year. You also are prepared to handle any financial shocks or unplanned emergencies. You also have mastered your budget and have the basics covered through savings and your investments are on track. This state of being represents commitment and your financial skill contributes to financial behavior, financial behavior contributes to financial situation, and financial situation contributes to sense of financial well-being. For more information follow UGA Extension or this linkhttps://www.consumerfinance.gov/consumer-tools/educator-tools/financial-well-being-resources/
Comments