32. Four signs of financial well-being

control of your finances over the short term means you have a healthy balance in your "liquidity fund", your bills are paid on time and you don't have debt collectors calling on you every so often

financial shocks are unexpected expenses such as illnesses or accidents, this is referred to as your "emergency fund"

you have investment funds allocated to most of your financial goals like funding a child's college education, your retirement, etc

extra resources that will enable you to take an occasional recreational trip, buy gifts for friends, lunch outs with family, etc

this is the objective of the advocacy of financial literacy, to help more people achieve financial well-being