Usually, we can tell when we’re in financial dire straights.
We’re living paycheck-to-paycheck. We’re in over our heads on our mortgage. Bill budgeting has become a hassle but a necessity. Etc. etc. etc.
But, what there may be those out there who are on the complete opposite end of that spectrum. There may be those who have a magnificently clean bill of financial health. But how do you know if you’re one of those individuals?
There are certain signs, seven of them to be exact, that Yahoo! Finance’s The Exchange have compiled to figure out whether or not your finances could be given a squeaky clean bill of health.
“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,” writes Lisa Scherzer, The Exchange columnist.
So, what are these benchmarks?
What kind of signs should you look for?
Well, head over to Yahoo! Finance and find out.
Let’s say you’re thinking about applying for an auto loan to purchase that new car you saw in a thrilling Super Bowl commercial. Well, if this is the case, you should probably be well-aware of what your credit score is.
“Why?” you might ask.
When determining your loan rate, the organization you are going through may take a good, hard look at your credit score.
This isn’t the only number that you should be aware of, though.
Yahoo! Finance has compiled a list of five financial figures that you should probably know by heart (or at least take a peek at from time to time).
Head over and take a look at what other financial numbers you should make yourself aware of.
As you may have noticed, we here at KriKnows are pretty fond of infographics.
Why? Because we try to inform our readers on financial matters in numerous ways, and infographics are a fun, unique, and intriguing way to do so.
Take this infographic on ways to save when considering some of life’s biggest choices like buying a car, planning your wedding, or buying your first house.
Sure, some of your relatives or friends may offer you advice on such matters, but you most likely want to conduct a bit of your own research as well. Well, CashNetUSA.com has offered up this stepping stone in finding ways to save you a few pennies here and there.
Click on the picture above to see a few more recommendations on how to save a few bucks.
KriKnows isn’t your average blog. We devote much of our efforts to bringing you tips on bettering your financial present and future.
With that in mind, we have come across an interesting infographic.
Earlier this year, we found you 25 tips on cutting costs in 2013. Now, we have discovered 13 more money-saving tips provided by Quicken Loans.
For example, with the advent of the Magic Jack, you are able to pay a one-time set-up fee in place of upwards of $39 monthly. Click on to see a few other ways to fatten up your wallet this year.
If you, or your spouse, were to experience a long-term disability (lasting 90 days or more), would you be able to shoulder the financial burden?
This is a fairly significant question to ask yourself, and ultimately prepare a response to. Sometimes we would rather not think of the possibility of getting injured, but, believe it or not, a 50-year-old has about a 36% chance of experiencing a long-term disability before age 65, according to the National Underwriter 2012 Field Guide.
Of course, there is disability insurance and things of the like that assist in these particular types of matters, but the percentage of income that it can replace is ultimately up to the policy.