Are you as Financially Stable as you think?

We often think if we just made more money, everything in our lives would be perfect. A six or seven figure salary can give a false sense of wealth. You may not be as financially stable as you think...

I rely on bonus income to pay for essential expenses.

Always

Often

Rarely

Never

I pay for vacations and holidays with a credit card and it takes more than 2 months to pay off.

Always

Sometimes

Rarely

Never

I have a paycheck’s worth of money in a savings account.

Yes - well over 1 month's salary

Almost - close to a month's salary

More than half a month's salary in savings

Less than half a month's salary (or 0)

I get thrown off when an intermittent expense arises like property tax or semi-annually paid car insurance.

Often

Sometimes

Never

I am five years or more into my career and still am not maximizing myr 401(k) or saving 15% for retirement.

I've maximized my retirement contributions

I'm contributing some, but not the maximum

I'm not contrinuting anything towards my retirement savings

I am less than five years into my career

Answer 5

I am three years into my career and feel I'm still living paycheck to paycheck.

Always

Sometimes

Rarely

Never

I'm less than three years into my career

Answer 6

Sign up for our newsletter to see your results

The Savvy Life sends out periodic newsletters giving our readers information and helpful advice on managing their day-to-day personal finances while saving for their future.

(We respect your privacy. We do not share email addresses with other entities.)

Please fix the errors below and submit again

Email*

First Name*

Last Name*

You're Financially Stable!

You have a good idea where your moeny is going, live within your means and are taking care of your "future self."

You may still benefit from a Cash Flow checkup to make sure you are spending purposefully, on the things that are most important to you.

You're doing OK, but could do better with some improved habits.

You usually spend within your means and have pretty good control of your finances, but creating a Spending Plan could shore up your finances and get you spending and saving more purposefully.

You could benefit from a clear spending plan and some new habits.

A Spending Plan can provide clarity and direction to keep you on track with spending less than you make and saving fro your future. The Plan Implementation part of the Spedning Plan Process can help you with idenitfying and practising the Savvy Habits that will enable you to successfully execute the Plan.