What does Financial Well-being mean?
Financial Literacy
Understanding the basic principles of finance and having the tools to make informed decisions is the foundation of financial wellness. Financial literacy empowers you to take control of your day-to-day financial decisions.
Financial Security
Being able to handle financial shocks, such as an economic downturn, illness, emergency, or job loss, is the second element of financial wellness. Having a plan in place to manage changing circumstances or unexpected situations comfortably is crucial.
Financial Confidence
Feeling confident about your financial future and preparing for retirement are key components of financial confidence. This includes setting and working towards short-term goals like saving for a vacation or making a major purchase. Achieving these goals brings you closer to financial wellness and allows you to enjoy your life fully.
Financial Wellness
Once you identify where you are in your financial journey, seek out helpful resources and personalized advice to continue moving upwards towards financial wellness. Your financial health is important to us, and we're here to support you, no matter your level of understanding or wellness.
