Financial Fitness

1.

Financial Management:

I have enough money each month to pay my rent/mortgage and other household expenses

 

2.

 I have enough money to pay for an unexpected emergency, such as a large car repair

3.

I have a written plan (budget) for spending and/or saving my money

4.

Saving/Investing

I save regularly for medium and long-term financial goals, such as education for my children, a house, new car etc 

 

5.

 I have money spread across different types of investments and accounts (e.g., stocks, bonds, managed funds , property, prize bonds etc)

6.

I am contributing towards a Pension either personally or through my employer

7.

Insurance & Estate Planning

I have Specified illness Cover or Income Protection to cover “significant unforeseen events” such as an injury, serious illness or disability

8.

I have life assurance in place to clear outstanding debts and leave a lump sum for my dependents in the event of death.

9.

 I have a current and up to date will 

10.

Credit

I pay credit card bills in full to avoid interest charges.