GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Everyone needs a tailored personal financial plan, she added.
I have a hard time helping clients create additional goals when this is not in place.
What about finances causes you stress?
The balance sheet number above tends to be a good start for most anxiety, she said.
Have a credit card to pay off?
Well if we dont have an emergency fund, you could go into debt again.
Want to move or buy a new house?
To know if youre ingood financial shape, know if you have any stress.
Below are some signs youre financially set up to start the new year right.
Regularly Paying Your Bills on Time
Next up youre consistently paying your bills on time.
This shows that you could responsibly manage your finances and are continually building good credit history, Selita said.
And something you should use to your advantage whenever possible, he said.
You Have a Monthly Budget
Having and using a budget is a huge plus, Selita added.
Only 32% of US households prepare a monthly budget.
Budgeting helps you track your income and expenses and shows you have discipline.
The point is to start thinking long-term rather than in the moment.
This is an amazing thing and something you should always be grateful about.
Even if youre not where you want to be, he said making progress is important.
More From GOBankingRates
Share This Article:
