Guilty or Not Guilty? Indicators of Unhealthy Finances

As much as we value our physical well-being,

we should also asses if we are financially healthy.

That does not necessarily mean earning a lot

but as much as possible, being mindful

about how we handle our daily finances.

There are many ways of checking our financial health

but since this is an introductory article on this topic,

here are some indicators of unhealthy finances

you could try checking for yourself:

1. Making a budget that you don't stick to later on

2. Shopping on almost every sale event

you happen to come across with

3. Paying your bills just in time

or a few days after the due date

4. Having quite a lot of credit cards

just because you wanted to maximize

all their credit limits

5. Charging all your expenses to your credit card

6. Paying the minimum or partial amount

on your credit card bills

7. Purchasing the latest gadgets

just to be trendy though

they are clearly beyond your means

8. Earmarking future income

for your current expenses

9. Investing on things/businesses

just because they promise

fast and easy return of investment

(such as networking schemes)

10. Entering a business you know nothing about

11. Being confident about your finances

because you came from a wealthy family

and you have definite inheritance in the future

12. and last but not the least....

Too much saving which boils down to nothing

The 12 indicators of unhealthy finances we cited above

are merely some symptoms of financial instability,

but are currently the major role players here.

If you are guilty of habitually practising several of them,

then it's time for you to have financial goals

to be able to achieve financial stability.

Some of you may agree with us, and some may not.

We shall elaborate more on each indicators

as we post more articles on handling your finances.

We are also trying to work with our partners

to provide FREE financial management seminars.

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