How To Improve Your Financial Health
Financial health refers to your monetary status, which is an important measure of an individual's financial strength, in terms of expenditures, savings and debt. It assesses one’s ability to balance or manage their financial needs and wants. Strong financial health is characterised by a continuous flow of income, a growing cash balance and regular expenses that do not indicate any unexpected risks. Getting to this stage can seem challenging, especially when you are starting with a limited income and heavy expenses. A good financial plan helps to maintain you on track for your overall financial goals. Taking control of your financial health means different things to different people. For some, it means affording the things they want, like a new house, a long vacation or starting a family. For others, it truly means peace of mind—the joy of not having to worry about money. Regardless, financial health should be treated just like physical and mental health. Similar to physical...