How Healthy are your Finances? Part 1 of Series
Financial Report Card. Have you heard this term before? What comes to mind when you think of financial report card? I define your financial report card as the following-
The analysis and measurement of where you stand regarding a few key areas:
The purpose of establishing a financial report card is to (1) know where you stand financially and (2) know that you are moving in the right direction towards being a financially wise woman. Statistics show that at some point in our lives, 90% of women in the U.S will be managing money on their own because they’ve been divorced or widowed of have never married.
It’s important to keep in mind that there is no such thing as a “pass or fail”—however, it’s best not to be in the dark regarding any of the above mentioned categories.
Financially Wise Women are women who want to become educated on their finances and take control of their financial present and future. One of the ways to improve your financial report card is to sit down and review these measurements. The second step is to get educated. You can follow sites such as DailyWorth and LearnVest
Lastly, you can work with a CFP® Professional who can help you build upon what you already have.
Financially Wise Women Quick Tip:
Don’t worry if you are unsure of your financial report card, that’s where I can help. Please contact me via email at Brittney.firstname.lastname@example.org or my direct office line (424)442-2503. For further information, I invite you to check out our Financially Wise Women Facebook Page.
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Sources & Links:
Janet Bodnar Editor of Kiplinger’s Personal Finance magazine, author of Money Smart Women and Raising Money Smart Kids.