A good credit score increases your chances of getting approved for loans, credit cards, and mortgages at better interest rates. It reflects your creditworthiness, helping lenders trust you as a responsible borrower.

Improving financial health involves budgeting, reducing unnecessary expenses, paying bills on time, and maintaining a good credit score. Regularly reviewing your credit report, saving consistently, and seeking professional advice when needed can also help you achieve long-term financial stability.

A budget is a financial plan that helps you track your income and expenses. It’s essential for managing your money effectively, ensuring you live within your means, save for future goals, and avoid overspending or falling into debt.