Financial stewardship refers to the responsible management of financial resources, ensuring that funds are used effectively and ethically. It involves budgeting, saving, and investing wisely to achieve long-term financial goals. Individuals and organizations practice financial stewardship to maintain financial health and sustainability. Key components of financial stewardship include transparency, accountability, and strategic planning. By tracking expenses and income, one can make informed decisions that align with their values and objectives. This practice is essential for both personal finance and the operations of entities like nonprofits and businesses, helping them to thrive and fulfill their missions.