As 2024 comes to a close, it’s natural to reflect on the year behind us and plan for the year ahead. For many, this is the time to set goals and make resolutions. While health and wellness are often at the top of the list, financial readiness is just as important to ensure a prosperous and secure future.
How financially prepared are you? Take the following quiz for a quick self-assessment. Rate yourself on a scale from 1 to 5, with 1 being “least true” and 5 being “most true”. Be honest…this is for your benefit!
FINANCIAL PREPAREDNESS QUIZ:
- I have a completely detailed budget and unfailingly stick to it.
- I have a professionally designed and diversified financial portfolio.
- I save at least 10% of my income every month.
- I am credit card debt free.
- I have 6 months of living expenses set aside in an emergency account.
- I have an up-to-date and fully funded Revokable or Non-Revokable Trust.
- I have the needed insurance and financial plan in place for my family in case I become too ill to work or die too soon.
- I have a detailed plan that will accommodate the lifestyle I desire after I retire and ensure my money lasts for the rest of my life.
- I live within my means.
WHAT YOUR SCORE SAYS ABOUT YOU:
- If you scored 5 on all of these, congratulations! You’re on the path to financial independence and security. Keep up the great work and consider fine-tuning your plan as your life evolves.
- If you’re not 5 on every statement, that’s ok! Most people have areas where they can improve. The key is to identify those areas and take action.
START 2025 STRONG:
Financial preparedness doesn’t happen overnight, but with the right guidance and tools, you can make meaningful progress. At Brightside Financial, we are here to help you get on the path to financial independence. Whether you need help setting up a budget, getting life insurance with living benefits to protect your family, or creating a retirement plan, we’ll work with you to design a strategy tailored to your unique needs.
Ready to take control of your financial future? Schedule a consultation with Brightside Financial today. Together, we’ll build the roadmap to your success.
