What are a few indicators you are good with money?

[freelancermaria]

I used to struggle with managing my finances until the pandemic hit. I used to waste money as a way to cope with anxiety and depression. However, now, I am quite good at it. I recently came across an article that outlined some key indicators that you are good with money. Some of these indicators include:

- You built an emergency fund
- You have savings in the bank
- You plan for big purchases
- You make investments for future financial security
- You consistently pay monthly bills on time

What else can you add?

 

[Stardom22]

When you are have good investments and great saving plans that brings in interests monthly you are also good to go with money.

 

[mrki444]

You are not just good with money, you are great with money. For just good is enough if you live without any loan or debt, have solid car and some savings. If something happend you can cover it without problems.

 

[eLdavis]

I think the best way to know this is mainly based on how you use or manage what you have. And if possible generate more from it as well.

 

[Kross]

When you can achieve something tangible with an average income level, you are good with money and would do well when given good money.

 

[Springtime]

I used to struggle with managing my finances until the pandemic hit. I used to waste money as a way to cope with anxiety and depression. However, now, I am quite good at it. I recently came across an article that outlined some key indicators that you are good with money. Some of these indicators include:

- You built an emergency fund
- You have savings in the bank
- You plan for big purchases
- You make investments for future financial security
- You consistently pay monthly bills on time

What else can you add?

You have basically covered all relevant points. The only thing I would add is not to borrow money and run into debt.

 

[Suba]

In my opinion, the main indicator that we should pay attention to that you are good with money is that your financial condition is healthy and stable, meaning that your income is always greater than your expenses, you are able to manage debt well, and in addition to having an emergency fund, your pension fund must also be able to increase investment.

 

[King Belieal]

I would go for that point about settling your bills on time. Anyone that can achieve that is a financial planner.

 

[Nomad]

You have more assets than liabilities, your networth is positive and you have investment in various areas.