Financial health refers to the overall state of an individual's or organization's financial situation. It encompasses various factors, including income, expenses, savings, investments, and debt levels. A person or entity with good financial health typically has a balanced budget, sufficient savings for emergencies, and manageable debt. Maintaining financial health involves regular monitoring of finances, creating budgets, and setting financial goals. Tools like financial planning and budgeting apps can help individuals track their spending and savings. Good financial health is essential for achieving long-term goals, such as buying a home or planning for retirement.