See the below image for the Financial wellbeing model diagram. A conceptual model of financial well-being being are behaviours and social and economic environmental factors. These, in turn, are determined none at all. of financial well-being. The behaviours box approximates to ‘fin ancial capability’; the kn owledge,
A conceptual model of financial well-being being are behaviours and social and economic environmental factors. These, in turn, are determined none at all. of financial well-being.
There is no specific financial amount that someone must have in their bank account to be considered financially well. Instead, the definition of financial wellbeing is closely tied to a person’s own sense of financial stress and financial confidence. Financial Wellbeing occurs when people feel calm, secure and tranquil from a financial perspective.
Financial wellbeing model image
