In financial terms, what does "well-being" assist with according to goal setting?

"Well-being" in the context of financial goal setting refers to the overall enhancement of an individual's quality of life. This concept encompasses financial stability, access to resources, and the ability to pursue personal goals and aspirations without excessive stress related to finances. When individuals focus on their well-being, they typically aim to establish financial goals that provide not only monetary benefits but also contribute positively to their life satisfaction and emotional health.

By centering financial decisions around well-being, individuals are likely to prioritize outcomes that lead to improved living conditions, health, education, and access to enjoyable experiences. This holistic approach ensures that financial planning aligns with personal values and life goals, fostering a balanced lifestyle and increasing overall happiness and satisfaction.