How well you’re doing depends on the lifestyle you’re happy with. But there are rules of thumb you can use to see if your money is in good shape.
To be in peak financial fitness you should spend about 50% of your income on set payments, 30% on costs that vary and put 20% into savings.
To be in peak financial fitness you should know what your insurance policies cover you for. You should feel confident that you’re covered in case the worst happens.
To be in peak financial fitness you should be comfortable with the income you’ll receive from your pension and any contribution schemes when you retire.
By improving your financial fitness, you will be better prepared for the future. If you want to check your finances to make sure they’re as heathy as can be, we can help.