Category: Financial Fitness

The state of being financially prepared, resilient, and capable of managing expenses, unexpected financial challenges, and economic changes effectively, all while planning for a strong financial future.

According to the Board of Governors of the Federal Reserve System (2023), nearly 40% of American adults would not be able to pay for an unexpected expense of $400 within one credit card billing cycle. This alarming statistic underscores the critical importance of mastering financial wellness by effectively managing finances. This includes budgeting, savings, and investments, to ensure financial stability, meet short-term and long-term goals, and contribute to career growth. Additionally, it intersects with other aspects of Comprehensive Fitness, such as Family, Occupational, and Environmental. Ultimately, Financial Fitness is integral to securing a prosperous and fulfilling future.