Financial health is more than just the balance in your bank account. It involves a variety of factors, from how you manage your money to how you plan for the future. Here are seven subtle signs that you might be poorer than you think, even if you’re not exactly broke.
You’re Living Paycheck to Paycheck
If you’re waiting anxiously for payday to arrive, or if you’re frequently running out of money before the end of the month, you’re living paycheck to paycheck. This is a clear sign that you’re not in a good financial position. When you’re living this way, any unexpected expense can throw you into debt.
Instead of relying on your next paycheck to cover your expenses, try to build a budget that allows you to live within your means. This way, you’re not constantly worrying about making ends meet.
You Have No Emergency Savings
An emergency fund is essential for financial stability. If you don’t have one, you’re at risk of going into debt if an unexpected expense arises, like a car repair or a medical bill. This is a sign that you’re living on the edge financially.
Financial experts recommend having at least three to six months’ worth of living expenses saved up in an emergency fund. If you don’t have an emergency fund, start saving now. Even a small amount each month can add up over time.
You’re Constantly Paying Off Debt
It’s normal to have some debt, such as a mortgage or a student loan. But if you’re constantly struggling to pay off credit card debt or personal loans, this is a sign that you’re living beyond your means.
Try to pay off your debts as quickly as possible, and avoid accumulating more debt. If you’re having trouble, consider speaking to a financial advisor or a credit counseling service for help.
You Have No Retirement Savings Plan
If you haven’t started saving for retirement, you’re putting your future financial security at risk. Many people underestimate how much money they’ll need in retirement, and this can lead to financial difficulties later in life.
Consider opening a retirement savings account, such as a 401(k) or an IRA. Even if you can only contribute a small amount each month, it’s better than not saving at all. Remember, the earlier you start saving for retirement, the more time your money has to grow.
You’re Consistently Using Credit Cards for Essentials
Using credit cards for everyday expenses like groceries or gas is a sign that you’re living beyond your means. If you’re unable to pay off your credit card balance in full each month, you’re likely accruing interest, which can lead to a cycle of debt.
Try to use cash or a debit card for your everyday expenses instead. This can help you stay within your budget and avoid unnecessary debt.
You’re Unable to Afford Regular Healthcare Check-Ups
Regular healthcare check-ups are important for maintaining your health. If you’re skipping these check-ups because you can’t afford them, this is a sign that you’re not in a good financial position. Health issues can lead to high medical bills, which can further strain your finances.
Consider looking into low-cost healthcare options, or speak to your healthcare provider about a payment plan. Remember, investing in your health is also an investment in your financial future.
Your Income Doesn’t Increase with The Cost of Living
If your income isn’t keeping up with the cost of living, you’re likely feeling the financial squeeze. This can make it difficult to save money or pay off debt.
Consider asking for a raise, looking for a higher-paying job, or finding ways to supplement your income. Remember, your income is a crucial part of your financial health, so it’s important to make sure it’s keeping up with your expenses.
As a mom of three busy boys, I know how chaotic life can get — but I’ve learned that it’s possible to create a beautiful, cozy home even with kids running around. That’s why I started Cultivated Comfort — to share practical tips, simple systems, and a little encouragement for parents like me who want to make their home feel warm, inviting, and effortlessly stylish. Whether it’s managing toy chaos, streamlining everyday routines, or finding little moments of calm, I’m here to help you simplify your space and create a sense of comfort.
But home is just part of the story. I’m also passionate about seeing the world and creating beautiful meals to share with the people I love. Through Cultivated Comfort, I share my journey of balancing motherhood with building a home that feels rich and peaceful — and finding joy in exploring new places and flavors along the way.
