Financial wellbeing refers to an individual's sense of security and satisfaction with their current and future financial situation. It encompasses various aspects of one's financial life, including income, savings, debt, investments, and financial goals.Having good financial wellbeing means that a person has the ability to manage their finances effectively, make sound financial decisions, and plan for the future. This can lead to reduced stress and anxiety related to money, increased feelings of financial security, and a greater sense of control over one's financial future.