Being financially healthy is crucial for a happy and stress-free life. It is not just about having a high income, but also about managing your finances wisely. Financial health refers to the overall well-being of your financial situation, including your ability to meet your financial goals, manage debt, and build wealth.

Having good financial health allows you to have control over your life and make confident financial decisions. It provides a sense of security and stability, helping you to weather unexpected expenses or emergencies. Moreover, being financially healthy reduces financial stress, which can have a negative impact on both your mental and physical health.

To achieve and maintain financial health, it is essential to create a budget, track your expenses, and save for the future. It also includes managing debt responsibly, such as paying bills on time and avoiding excessive borrowing. Additionally, building an emergency fund for unexpected expenses and investing in retirement are important components of financial health.