6 Difficult Money Questions to Ask Yourself Today

1. Can I handle a $1,000 debt today?

There's a reason why having an emergency fund is seen as a pillar of healthy personal finance. Without one, you may find yourself with little options and incurring high-interest loans.

2. Is my retirement plan sufficient?

Retirement planning should begin now, not decades from now. Saving as much as possible early on is the key, even though some find it complicated.

3. Am I financially better off than six months ago?

If you don't know the answer to this question, it suggests you're not keeping track of your net worth. That may appear to be a wealthy-only calculation, but it is one that everyone may make.

4. What's my dumbest purchase?

Everyone wastes money on items they do not require. Maybe it's the subscription you neglected to cancel, or the Peloton cycle in the corner.

5. Am I getting ripped off?

Inflation is true, yet businesses sometimes appear to hike their rates exorbitantly. They assume that if you don't notice, it's just more money in their bank.

6. Do I need help?

There is no shame in seeking assistance. An objective third person might bring fresh perspectives and suggestions that you may not have considered.