Financial well-being refers to the state of having a healthy financial situation that allows individuals to meet their current and future needs. It encompasses aspects such as having enough income to cover expenses, savings for emergencies, and the ability to plan for long-term goals like retirement or education. Achieving financial well-being often involves budgeting, managing debt, and making informed investment choices. Tools like financial literacy programs and personal finance apps can help individuals improve their understanding of money management, leading to better financial decisions and overall stability.