Am I making adequate earning ? The low earning may make it tough to be financially independent. However, you can still turn a portion of your current earning into freelance or side legitimate business. Buying and selling, or a low-capital, sure-return investment (please, don’t go for risky stock investment with your saving) are good examples. The safer way is to explore more career opportunities with higher earnings potential, especially, if your skills and education are worth it. If not, improve yourself and explore higher earnings career opportunities.
Do I have good saving? While you may not be earning enough, it is still good to save a little ahead. Try to pay yourself, perhaps, 5-10% of every paycheck through personal or joint family saving before all earnings go to essential personal and family expenses.
Do I have retirement plan? Irrespective of your age now! you will become a senior one day. Look beyond pension, if it is applicable to you, and get a comfortable retirement saving. You don’t need to make it an inconvenient one. Either as a company-sponsored or self-initiated, get one with reliable and trusted retirement company.
Am I financially wasteful? When you are buying what you want and not what you need, that may lead to financial waste. Financial waste makes it hard to establish good standard of living for nearest and far future (old age).
Do I have more credit cards than debit cards? More credit cards are more debts and could be a big burden to pay at back. While there are some notions that having credit cards and making payments can boost credit profile, too many credit cards actually spell more credit burden on your credit history profile and can promote poor credit profile and score.