Achieving financial wellness through goal setting and wise financial management.
Financial wellness refers to achieving satisfaction with current and future financial situations by handling finances wisely. Those with strong financial wellness are fully aware of their current financial state, setting long- and short-term goals to achieve financial success.
Among different groups, individuals who fall under the category of Future Planners and Budget Focused are likely to exhibit strong financial wellness. Future Planners are proactive in setting financial goals, while Budget Focused individuals effectively manage their expenses to meet their objectives.
On the other hand, Spenders and individuals Focused on Now may struggle with financial wellness as they might prioritize immediate gratification over long-term financial stability.
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