‘My financial health, my financial goals, my financialmeter!’

‘My financial health, my financial goals, my financialmeter!’

  • Am I satisfied with my current financial situation?
  • Have I set financial goals and do I review them on a regular basis?
  • Are my financial goals Specific, Measurable, Attainable, Realistic, and Time bound that is SMART?
  • Have I divided my financial  goals  into long term, medium term and short term goals? Have I ranked them in order of priority?
  • Do I review my financial goals from time to time?
  • Am I saving enough for my financial goals?
  • Am I comfortable with the amount of debt I have?
  • Am I comfortable with  my own ability to make  informed financial decisions?
  • Do I have general knowledge on financial matters? Am I building up on the same?
  • Do I follow a budget/ personal spending plan on a regular basis?
  • Does my income exceed my expenses?
  • What are my plans for increasing my income?
  • Do I have an emergency savings plan?
  • Do I pay my bills on time?
  • Do I have a pension plan?
  • Do I have a personal financial advisor or financial mentor?
  • Have I invested in appreciating assets like real estate, land, stocks, mutual funds for example?
  • How is my credit rating?
  • These are some questions we can ask ourselves in gauging our financial health.

© Kwambie Nyambane,

March 2016

References
The writer is a senior business advisor in a health NGO and worked in the Kenyan  banking industry for five years as a relationship manager. She is involved in capacity building of health institutions and professionals in financial matters. She is an MBA graduate of the University of Nairobi. She  has a great interest in things that make human beings tick, financial matters being one of them.