Monday, May 25, 2009

7 Questions To Ask About Where You Stand With Money

Many of us are living on the edge with our money, and not in a good way. We live paycheck to paycheck. If we were to lose our income we would have no financial cushion to fall back on.

The first thing we need to do is take a look at where we are, before we can go forward.

Here are 7 questions to ask yourself:

  • Are you living paycheck to paycheck?
  • Do you have an emergency fund set up?
  • Do you set aside money each month for retirement?
  • Are you getting further into debt each month?
  • How much money do you have in your checking account?
  • Do you have a plan to make your financial situation better?
  • Are you ready to make a change?

Take some time to go over your answers to these questions. Your responses may make you feel unpleasant, but by looking at where you are, you can decide where you want to be.

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