Many spend most of their time pursuing financial stability. What is financial stability? A recent article from Business Insider lists 20 characteristics that can help you determine this.
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If you have many of the following points, you are financially stable. If you have not achieved financial stability, these will be suggested goals to help you.
1. You never spend more than the amount in your account.
2. You do not lose sleep over your financial situation.
3. You use credit cards for convenience and the benefits they provide, without ever using them excessively.
4. You are not worried about losing your job.
5. You have no overdue bills.
6. You pay bills before the due date.
7. Many people seek your advice on financial matters.
8. Overall, you are satisfied with your current financial situation.
9. You have no bad balance on your credit cards.
10. You contribute a two-digit percentage of your income to your retirement fund.
11. You do not feel guilty when going out and spending money, and you enjoy special occasions.
12. You are fully capable of buying what you truly want to buy.
13. You have a natural habit of saving.
14. You are quite generous in terms of money, with charities or helping those in need.
15. You have confidence in your future.
16. Your assets increase every year.
17. You consistently live and spend below your earning potential.
18. Your child’s tuition fees do not make you worry.
19. You are 100% focused on your job, without letting money dominate.
20. You feel capable of controlling and managing your personal finances.
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