Are You Better or Worse off Financially This Year?

Are You Better or Worse off Financially This
Year?


One of the fun parts of being a financial planner is getting to
discuss some of the money moves we’ve made in our household
knowing clients and readers are going through similar things. In
these Work Your Wealth episodes I'll be taking time to address
how we approached the different money situations and the results
of our decisions. Today I'm talking about some ways to evaluate
how your financial health measures up to where it was a year ago.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


Why the end of the year is my favorite time of year for
clients

Questions I get all the time as the year is closing out

A way to gauge if you are better or worse off financially
this year

First step in measuring your financial progress

The measurement to use when evaluating your financial health

How to calculate your net worth

A good way to evaluate your debt situation for the year

The check you should be doing on your debt every January

Why you should review your spending throughout the year

How your savings goals play into your financial health

Different savings vehicles you can utilize to grow your net
worth

A few things you should consider when talking about your
retirement savings

The role a change in income can play in figuring out if
you’re financially better off this year

How “lifestyle creep” could potentially hurt your financial
health

Here’s why employer benefits must be evaluated too each year

Do you have the right insurance policies in place

6 questions you can ask yourself about your financial health



LINKS WE MENTIONED ON THE SHOW


Abacus Wealth Partners

Mary Beth



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