financial health check tips

How To Give Yourself A Financial Health Checkup

Whether you enlist the help of a financial planner or do the work yourself, it’s worth conducting a financial health check on yourself every so often.

This guide will teach you how to give yourself a financial health check, including your accumulated debts, assets, retirement accounts, investments, spending budget, and more.

Continue reading to discover what a financial health check entails and how Fast Payday Loans, Inc. of Florida may be able to help you with a payday check advance, should any financial emergencies arise in the checkup.

Steps For A Financial Health Check

Step One: Gather Info On All Your Financial Accounts, Expenses, Etc.

The first step to a financial health check is ensuring you know your finances, from your debts to your assets, bills/expenses, your current spending budget, and more. You’ll want to get your credit score records and any existing credit card or loan balances in your name. You’ll also want to gather recent bank statements, pay stubs, utility bills, rent/mortgage bills, and receipts showing recent unnecessary purchases. Getting statements on your investment accounts, including IRAs, stocks, and more is good.

Together, all of your financial information can be organized by you or a financial expert and assessed to get a clearer picture of your financial status in the future.

Step Two: Contact A Financial Expert

To teach you how to conduct a financial checkup, we’ll explain the process of using a financial expert or planner. Some bank branches offer these services in-house, which may be complimentary if you are a loyal account holder. Otherwise, you can hire a financial planner outside of your bank if you have the budget to afford it.

A financial expert will be able to organize your budget quickly and efficiently, letting you know where you need to spend less if you want to save more.

financial health check steps

Step Three: Discuss Recent Life Changes

When conducting a financial health checkup, it’s important to note any recent life or financial changes, such as a job transition, childbirth, pet adoption, and so on. These situations may change your future budget, so it’s worth letting your planner know to accommodate them.

The same goes for possible life changes. If you anticipate changes soon, such as closing on a new house purchase, you must incorporate this financial shift into your checkup and consider how it will affect your budget.

Step Four: Decide On Your New Budget And Financial Goals

It’s possible that following a financial health checkup, your budget won’t change much. Some people are steady in their careers and don’t often plan for new purchases. But in most cases, it’s natural to account for some changes, such as inflation and the price of expenses, a job pay increase or bonus, or a change in your healthcare plan.

After consulting with your financial expert, you will receive advice on managing your money in the future. But to arrive at this advice, you’ll first need to tell your planner your goals:

  • How much money do you want to put in savings each month?
  • What do you want your IRA to look like in 10 years?
  • What date do you want to pay off your credit card debt?

Ask yourself questions like these to shape your new budget and financial goals.

Bad Financial Health Checkup? Submit Your Payday Check Advance Inquiry Today

Now that you know how to give yourself a financial health checkup, you can decide if a payday check advance is an option. After completing your checkup and reworking your financial budget, you may need a quick, short-term loan to account for a new life change. A quick and easy option would be a payday check advance.

family putting money in piggy bank for help with financial health

Fast Payday Loans, Inc. of Florida makes it possible to submit an inquiry for a payday loan between $100 and $1,000, which you could finish in as little as 30 minutes. Here’s how the payday check advance process works:

  1. Fill out our online inquiry form.
  2. A Fast Payday Loans, Inc. of Florida representative will reach out to explain the process and answer your questions.
  3. You can choose to complete the process over the phone or in-store.
  4. Provide your driver’s license or government-issued I.D. (must be at least 18), your most recent pay stub, and a blank check from an active checking account in your name.
  5. If eligible, you will receive your emergency money on the same day or the following business day.

A payday check advance with Fast Payday Loans, Inc. of Florida can be a quick and easy way to help you adjust to a new budget following a financial checkup. If you’re facing an urgent financial need, fill out our online inquiry form to get the payday check advance process started today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.