In January we like to make resolutions for the new year; be sure include becoming financially healthier as one of those resolutions.

Here are six measures for financial health:

1. Net Worth: assets minus liabilities;
2. Savings Rate: portion of your income you save each month;
3. Debt-to-Income (DTI) Ratio: all monthly debt payments divided by your gross income;
4. Credit Score: rating by the national credit agencies of your creditworthiness;
5. Retirement Fund; and
6. Income.

To learn more about these measures and how to pull them all together, read the full article The 6 Best Ways to Measure Your Financial Health on Fool.com

Courtesy of Fool.com
The 6 Best Ways to Measure Your Financial Health
By Lyle Daly, October, 18, 2019