You don't have to be wealthy to achieve financial well-being. Research shows that beyond a modest point, more money has a limited effect on happiness.

• Once our basic needs are met, we can quickly get used to increased wealth. Our financial status may even feel ordinary or inadequate.
• Building financial resilience is helpful, such as building emergency savings, dealing with student debt, and finding reasonable mortgages and car loans.
• Setting personal goals can help you progress toward financial well-being. It won't transform your financial life overnight, but committing to healthy changes may make you feel better.

Financial security is the perception that you have enough money, so you don't routinely worry about it.

Financial well-being enables people to enjoy everyday pleasures of life: seeing your children do well, having friendships, good relationships, being abl...