The eight key indicators of financial health

The Center for Financial Services Innovation (CFSI) has come up with eight key indicators of financial health, which can provide a starting place for rethinking how you spend and manage your money.

CFSI believes an individual is financially healthy when you can:

  1. Spend less than income
  2. Pay bills on time and in full
  3. Have sufficient liquid savings
  4. Have sufficient long-term savings or assets
  5. Have a sustainable debt load
  6. Have a prime credit score
  7. Have appropriate insurance
  8. Plan ahead for expenses.