Personal Finance Stability Indicators
Nearly three-fourths live paycheck to paycheck. Three in ten adults have no emergency savings. Two-thirds of Americans are one major catastrophe away from bankruptcy.
1) No credit card or unsecured debt
2) Have and follow a budget
3) Monitor net worth including equity positions in business investments
4) Savings rate of 15%
5) Two months of expenses in reserves
6) Insurance and plan for medical expenses
7) Life insurance – six to ten times your salary
8) On target for retirement
