Money management is one of the main sources of concern and stress around the world, as much as physical health itself. A person is considered to be in good financial health when he or she can perfectly fulfill his or her economic obligations and is in a situation of peace of mind regarding his or her financial future and is able to make decisions that allow him or her to enjoy his or her life.

According to the Center for Financial Services Innovation (CFSI), there are eight indicators to diagnose the state of a person's financial health:

• Spend less than you earn
• Pay bills on time and in full
• Having sufficient savings in liquid financial products
• Have sufficient savings or long-term assets.
• Having a sustainable level of debt.
• Having a healthy credit history.
• Having adequate insurance.
• Plan for future expenses.

If you meet these indicators, you can say that you are financially healthy, if not, start working to achieve it.

A good personal, family or business financial health is key to be able to face unforeseen events and face the future plans to which you aspire.

Translated by: A.M