A financial checkup is as important as a physical checkup. A regular check of financial health can identify problems, chart progress, and outline action steps to achieve goals. It can also provide motivation to change.
There is no "one size fits all" answer in financial planning. What might be workable for one individual or family may not be for another. This Financial Fitness Quiz and the How Are You Doing? A Financial Checkup fact sheet will help determine how you are progressing toward your financial goals and whether or not you have acted to improve your finances.
Think of this as you would an annual physical with a health professional – a checkup to improve your financial health and screen for potential problems.
When it comes to finances, knowledge-based action is a sign of financial capability. Earning, Saving & Investing, Spending, Borrowing, and Protecting Against Risk are five building blocks for making the most of the resources available.