financial security
Financial security refers to the state of having stable income or resources to support a standard of living now and in the foreseeable future. It means being able to meet basic needs, such as housing, food, and healthcare, without constant worry about money. Individuals with financial security often have savings, investments, and insurance to protect against unexpected expenses.
Achieving financial security typically involves budgeting, saving, and planning for future expenses. It can also include building an emergency fund and investing in retirement accounts like 401(k)s or IRAs. Overall, financial security provides peace of mind and the ability to make long-term plans.