You are on page 1of 1

5 Rules to Improve your

Financial Health

01

DO THE MATH
Rather than ignoring your
finances and leaving them to
chance, a little number
crunching can assist you in
evaluating your current financial
health and determining how to
achieve your short- and
long-term financial goals.

02

RECOGNIZE AND
MANAGE LIFESTYLE
INFLATION
re-evaluate your personal
budget to have it reflect the
right conditions in your life.
When preparing a list of your
expenses, evaluate which
costs are truly needed and
which you can go without.

03

RECOGNIZE NEEDS
VS. WANTS AND
SPEND MINDFULLY
Your needs should get top
priority in your personal
budget. Only after your
needs have been met should
you allocate any
discretionary income
toward wants

04

START SAVING
EARLY
The sooner you start, the
easier it is to reach your
long-term financial goals.
You will need to save less
each month and
contribute less overall, to
reach the same goal in
the future.

05
BUILD AND MAINTAIN
AN EMERGENCY FUND
Establishing an emergency backup is a
constant venture. You would most
certainly require it as soon as it is
funded. Instead of being discouraged,
be grateful that you were financially
prepared and restart the fund-building
process again.

You might also like