Set up an emergency fund. Diversify your portfolio. Reduce your debt load. Bring your lunch to work once in a while. So goes the conventional finance wisdom consumers have heard so often that they tune it out.
You can be taking homemade turkey sandwiches to work everyday, clipping coupons and maxing out your 401(k) plan, but still not really be in tip-top financial shape.
Last month we wrote about the tell-tale signs you’re living above your means (your mortgage payment is more than one week’s salary was one example). On the other side of that equation, how do you know if you’re really on the right track money-wise?
We spoke with a few certified financial planners to get their thoughts on what kinds of benchmarks people can use to gauge their financial health. One caveat: It’s important to note that everyone’s situation is unique and it’s not very useful to apply a blanket rule across all age groups. (Also note this list is by no means exhaustive. There are surely other ways to measureRead More »from 7 Signs You’re a Paradigm of Financial Health