Which of the following practices is encouraged for long-term financial wellness?

Saving an emergency fund is a fundamental practice encouraged for long-term financial wellness because it provides a safety net for unexpected expenses such as medical emergencies, job loss, or urgent home repairs. By having a designated amount of money set aside, individuals can avoid resorting to high-interest debt options, like credit cards or payday loans, which can lead to financial strain over time. An emergency fund contributes to greater financial security and stability, allowing individuals to navigate unforeseen challenges without derailing their overall financial goals. This practice promotes responsible money management and prepares individuals for the uncertainties of life, supporting long-term financial health and peace of mind.