Did you know that you also need a personal financial checkup? It is great to know your overall financial health. Answering the questions that follow is helpful in rating your financial health.
· Do you pay all your bills on time?
· Do you set aside some portions of your paycheck for your savings?
· Are your debts reducing? Or better still, are you staying debt-free?
· Are you aware of where your money goes?
· Do you plan for your future expenses?
· Do you have an emergency fund of at least $2,000?
· Are you covered with a health insurance in spite of being healthy?
Every “YES” answer to the above questions indicates a strong financial health. Any “NO” answer is an indication that something needs to be done. Focus on those indicators and start working on them. You can always be financially healthy all year round.