Financial Health

HOW TO MEASURE YOUR FINANCIAL HEALTH? CHECK THESE SIX METRICS Your financial health is extremely important as it determines how well you will be able to achieve your goals and ambitions, and in turn improve your quality of life. You can determine whether you’re doing well, or need to pull up your socks by checking your progress with regards to certain metrics. Take a look at what these metrics are. Setting a budget This is a basic practice that you must follow, regardless of whether you are just starting your career or have been working for a while. In essence, it is simply a check you put in place to be sure that you are using your money judiciously, and not spending more than you can afford to. Consider it as the first step to good health, and if you aren’t doing this already, set a budget immediately! You can make it as detailed as you wish to. Setting financial goals Another important way in which you can assess your life basis your finances is by examining whether or not you have defined financial goals. It makes sure that your efforts are guided by a larger purpose and that you’re working towards a defined cause, instead of shooting arrows in the dark. To get started, set goals that cater to immediate as well as long-term ambitions. This way you will be able to save, invest and make money decisions in a more focused, driven manner Read more at www.starhealthdevarajan.com/news/635 www.licdevarajan.com for Insurance Services, U can always call us at 98401 7017 Devarajan https://www.facebook.com/myfamilyagent