Suffering from Affluenza?

Answer the following questions to see how you are doing with your personal finances

1. Do you have a written budget where you consciously and specifically allocate each dollar of income to spending, saving and investing before the month begins?
2. Do you save money for irregular, annual, bi-annual or quarterly expenses like car repairs, gifts or insurance?
3. Do you have medical insurance, short-term disability and long-term disability insurance and life insurance?
4. Do you have an emergency fund equal to three to six months of your living expenses?
5. Are you spending less than 35 percent of your take home pay on housing (rent, mortgage, property taxes, HOA fees)?
6. Do you only pay for purchases with cash or debit cards?
7. Are you investing 15 percent of your take home pay for the purpose of achieving financial independence?
8. Are you saving for your children’s college fund at a rate that will allow them to attend a four-year institution without taking on student loans?
9. Are you paying on your mortgage at a rate that will allow you to pay it off in 15 or fewer years?
10. Do you work at your job because it is your passion?
11. Has it been more than three months since have you worried about money?
12. Do you have a dream toward which you are moving consciously and deliberately?  If you have a partner, is it a shared dream?

If you answered “no” to one or more of these questions, you would benefit from some effective personal finance planning or coaching.