Financial Health

In order to achieve financial health, it is crucial to assess your current financial situation. This process involves taking a close look at your income, expenses, assets, and liabilities. By evaluating these factors, you can gain a clear understanding of your financial standing and make informed decisions to improve it.

The first step in assessing your current financial situation is to determine your income. This includes not only your primary source of income, such as your salary or wages, but also any additional sources such as rental income or dividends. Calculate your total monthly income to have a comprehensive view of your financial resources.