How do I know that I am financially healthy?

Are you financially resilient enough to withstand financial pressures and emergencies? 

Do you find yourself in a difficult debt situation?

Just as you regularly monitor your physical condition, you also need to check your financial health, how you are managing your money, or whether you are on track in achieving your financial goals.

Financial health gauge

If you answer "no" to more than two of the following questions, this may mean updating or improving your financial goals, spending habits, and overall approach to your finances.

1. Do you have little or no debt?
2. Do you know where your money goes: do you have a budget?
3. Do you pay your bills on time?
4. Do you have an adequate emergency fund: is funded by at least 3-month worth of your salary? 
5. Do you have a financial plan: short-term plan, medium-term plan and/or long-term plan?
6. Does your savings grow every year? 
7. Do you build your financial and emotional knowledge: do attend financial education and skills training workshops?