Just like we have our annual health check up with our doctor I like to encourage all my clients to have an annual “self” check up. This will be time to review the 8 key areas in your life and see where you need most focus moving forward. These eight areas are:
- Health & Fitness
- Family/children
- Physical environment – live/work
- Fun & recreation
- Personal growth
- Significant other/partner
- Finances
If you find you need to work on your finances then you can start with this simple checklist. Place a tick next to any of these statements that are a “yes” for you.
I have tax returns that are not filed or taxes that are not paid
I pay my bills late
I spend more than I earn
I do not have a plan for my financial future
My credit rating is not what I would like it to be
I do not have a regular savings plan
I do not have adequate insurance coverage
My mortgage rate is too high, and I need to refinance
I have debt that needs to be paid off
My will is not up-to-date
With any of the statements you have ticked “yes” to, what could you do to improve this area and ultimately to have this statement not ticked. Make a list the top 5 action steps you can take to move forward and improve the “health” of your finances.
