It’s easy to feel behind financially, especially in today’s economy and social media frenzy, but you may actually be doing better than you realize if some of these signs sound familiar:
1. You’re Free of High-Interest Debt
If you’re not carrying high-interest debt like credit cards or payday loans, you’re ahead of many. Paying off high-interest debt frees up more of your income for savings and investments.
2. You Can Handle Emergencies
An emergency fund with 3–6 months’ worth of expenses is a huge sign of financial health. Even if you don’t have this fully funded, having something set aside for unexpected costs is good progress.
3. You Have a Budget and Stick to It
Regularly budgeting and tracking spending keeps you in control of your finances, reduces debt, and leads to more consistent savings. Many people skip this step, so it’s a big plus.
4. You’re Investing Consistently
If you’re putting money into your RRSP, your TFSA, or other investment accounts, even if it’s just a small amount, you’re on the right path. Consistency in investing over time compounds your wealth.
5. You’re Not Living Paycheck to Paycheck
If you have money left after paying all your bills each month, that’s a strong sign you’re doing better financially. It means you’re in a position to save or invest that extra money.
6. Your Credit Score is Stable or Improving
A healthy or improving credit score reflects financial responsibility, often meaning you’re managing debts well and paying bills on time. A higher score can also save you money on interest rates or insurance.
7. You Can Afford Experiences You Enjoy
If you’re able to travel, dine out, or enjoy hobbies without incurring debt, it’s a sign of financial stability. A lifestyle within your means is sustainable and rewarding.
8. You’re on Track with Retirement Savings
Having a clear retirement plan, even if it feels modest, is a huge plus. This means you’ve thought ahead, set goals, and are prioritizing future needs.
9. You Don’t Stress Over Small Purchases
If you can buy a coffee, a meal out, or treat yourself occasionally without feeling guilty or stressed, that’s a good sign you’re managing your money well.
10. You’re Planning Financially for the Future
If you’re setting financial goals, such as saving for a home, education, or travel, and have plans to get there, it shows financial awareness and responsibility.
Final Word
If you notice several of these signs, you’re likely on a solid financial path, even if it doesn’t always feel that way. Tune-out the outside noise and keep going!
The Money Savvy Blog 