what is financial health 
financial health is a term used to describe the state of one s personal monetary affairs there are many dimensions to financial health including the amount of savings you have how much you re putting away for retirement and how much of your income you are spending on fixed or non discretionary expenses understanding financial healthfinancial experts have devised rough guidelines for each indicator of financial health but each person s situation is different for this reason it is worthwhile to spend time developing your own financial plan to ensure that you are on track to reach your goals and that you re not putting yourself at undue financial risk if the unexpected occurs measure your financial healthto get a better grasp of your financial health it might help to ask yourself a few key questions consider this a self assessment of your financial health 