Financial Security

Financial security refers to the state of having stable income or other resources to support a standard of living now and in the foreseeable future. It involves managing finances effectively to ensure that individuals or families can meet their basic needs, such as housing, food, healthcare, and education, while also being prepared for unforeseen expenses or emergencies. Financial security typically encompasses aspects such as savings, investments, insurance, and debt management. It implies a level of stability and peace of mind regarding one’s financial situation, allowing individuals to make future plans without excessive worry about their financial wellbeing.