"Above water" is a phrase used to describe a situation where someone or something is surviving financially, physically or emotionally. It is possible to use synonyms of "above water" that convey the same meaning and context. These synonyms include "afloat," meaning to stay on the surface of water or to survive financially. Another synonym is "solvent," which refers to the ability to pay debts and manage finances effectively. "Surviving" is another possible synonym for being "above water." The phrase "keeping one's head above water" implies the ability to maintain stability, even in difficult situations. Overall, there are various expressions that convey the same idea as "above water".