Think Enriched

Declare Your Financial Independence

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A recent article from WalletHub declared the most and least financially literate states in the U.S.  

The criteria for this article is what we discuss today to evaluate our own financial literacy and declare financial independence.

Planing & Daily Habits:

  • Do you spend more than you make?
  • Do you have a rainy day fund?
  • Is your rainy day fund enough for a rainy day?
  • Do you pay only the minimums on credit cards?
  • Do you compare cards before applying for one?

    • Knowledge & Education 

    • Do you have a bachelor's degree?
    • Do you feel like you need a bachelor's degree?
    • Do you take time to learn about your financial situation?

      • If you answered Yes to 4-6 questions:  You're on the right track.  Make those subtle changes as needed to increase your financial literacy and get you closer to independence.

      If you answered Yes to 2-4 questions:  This is your personal wake-up call.  Time to get things organized and make tremendous strides in your financial situation.

      If you answered Yes to 0-2 questions:  We need to talk.  And by we, I mean you and your financial accountability buddy (be it a spouse, friend or other.) There is still time to make 2015 the year you greatly change your financial literacy, but it starts with you.

      As always, if you have questions, don't know where to start, or feeling overwhelmed with the situation, contact me:  [email protected].  We can figure out a solution.  If I don't have the answer, I'll direct you the person who does.  

      Ready to get your finances in order?

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        • The post:  Think Enriched | Episode 23 first appeared on Think Enriched.

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        Think EnrichedBy Amy Robles