To find out if you are on track with your personal finance, there are several factors that you need to check. It can be categorized into two, your current expenses and your projected living allowance upon retirement. How you fare now and how much money you got stack for your retirement can help you determine if you are financially healthy or not.
First, lets look at your current expenses. Get the total amount you spend for your housing expenses, your debt and the total cost of living. Your housing expenses should include mortgages, taxes and insurance while your debt should be computed as the total monthly payment required for debts such as credit cards and other loans. Once you have the total of all these three, check how much funds do you have in your emergency savings. The ideal scenario should be one that allows you to pay for at least three months worth of all the aforementioned expenses. If you are nowhere near these then its time to take on other sources of income. Check out the internet for home-based businesses such as Stuffing Envelopes Home, online marketing, article writing or affiliate marketing.