What does financial wellness involve?

Financial wellness primarily revolves around an individual's satisfaction with both their current financial situation and their outlook for the future. It encompasses having a sense of stability and security regarding finances, which may involve aspects like budgeting effectively, managing debt, saving for emergencies and goals, and planning for retirement. Individuals who achieve financial wellness are not just meeting their basic needs but also feel a degree of control and confidence in their financial future. This concept goes beyond mere survival; it includes planning and envisioning a desirable financial landscape for oneself. This holistic understanding is crucial for individuals, especially for those in recovery who may face unique financial challenges.

While physical health and fitness, developing life purpose and meaning, and building a support network are important aspects of overall wellness, they do not specifically address the core elements that define financial wellness.