Financial security is a state of having enough resources to meet your current and future financial needs without relying on outside assistance. Achieving financial security typically involves creating a stable financial foundation, including earning enough income to cover basic expenses, paying off debt, building an emergency fund, and investing for the future. Financial security can provide peace of mind and a sense of control over your finances, reducing stress and improving overall wellbeing. However, achieving financial security requires careful planning, discipline, and a commitment to long-term financial goals.
Last modified: April 24, 2023