Financial stability means that you are in full control of your finances and have a sense of financial security. It also means that you have sufficient funds to pay bills and unexpected expenses, and sincerely believe that the plans you have made for your future could be accomplished financially.
Financial health is part of one's overall health, and if it is threatened, our body and mind will inevitably be affected as well. In fact, poor financial health can have cascading negative effects on our mental health, physical health, and relationships. Good financial health, on the other hand, tends to make people happier, more confident, and more productive.