How to Tell if You Have a Healthy Relationship with Money

Do you have a healthy relationship with money? If you do, then you are probably doing some of the things mentioned below. It’s time to determine just how financially shrewd you are or could be!

You Have and Stick to a Budget

If you actually have an established budget that you stick to each month, you have a great relationship with money. A budget is the foundation of your finances and it will help you allocate money to the right places. When you see where your money is going each month, you will be less likely to waste it.

You Pay Off Your Credit Cards Each Month

People who have a healthy relationship with money almost always pay their credit card debt off each month. This helps them avoid paying high-interest rates and saves them a ton of money. Many also consolidate their credit cards and pay one payment each month. If you don’t have the money to consolidate your debts, you may want to borrow some money from companies like This will help you to pay down those credit cards much faster.

You are Saving for Retirement

If you have a retirement savings plan in place, you are being smart with your money. No matter what age you are, it is always a good idea to plan for the future. This will give you plenty of money to live comfortably when you are no longer working. You will be less stressed in your golden years and it may even help you live longer. Saving while you are younger can help improve your life later on.

Your Extra Spending is Limited

People who are responsible with money will only spend a limited amount of money on extra items each month. This means that they don’t eat out every night or buy things they really don’t need very often. Instead, they save their money for retirement and pay down their debt each month. This makes them very smart with money!

Your Mortgage is Not Controlling You

Many people become a financial victim of their mortgage. This often happens when they buy a home they really can’t afford. Instead of putting money into their retirement account or saving for their child’s college education, they spend all of their money on the home. This can be a real drain on your finances. On the other hand, if your mortgage is only a fraction of your overall budget, then you are doing the right thing.

These are just a few ways to tell if you have a healthy relationship with money. However, if you don’t feel your relationship with money is a good one, you can always change that. By working hard and setting up a budget, you will be on your way to financial freedom.