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Why a Financial Check Up Is Important

Updated: Apr 14

Many Americans get a health check up twice a year. A financial check-up is no less important. This is a checkup on your financial wellness. One way to ensure you are hitting your financial goals and setting up a sound financial foundation is to visit your finances a minimum of twice yearly. If you aren't sold yet on why educating yourself financially is important in general check out this Investopedia article the details the importance of setting yourself up for success financially.

Schedule A Free Financial Check-Up Session With Us

The Benefits:

  1. Review Previous & Current Goals

  2. Provide You With A Plan To Execute

  3. Provide Accountability For Financial Goal Success

In Our Financial Check-Up We Will Review Where You Fall On The Road Map Below

  1. Setting A Budget

  2. Building Emergency Savings

  3. Paying Down Debt

  4. Building Credit

  5. Investing

  6. Life Phase Financial Planning

Setting a Budget

This is your map, you wouldn't travel without knowing where you are going. A budget will help you realize where you might be spending too much money and not preparing for expenses like a rise in gas prices, or rise in your insurance because of a new vehicle purchase. I have friends that perform this manually, I personally use Mint. But here are the 8 Best Personal Budgeting Apps

Building Emergency Savings

Ever had an unexpected health scare? Or an surprise home or car repair? I know I have and I never planned for my tires to blow out because it wasn't in my budget, but I had emergency savings to cover the unexpected cost of my

tire blowout. Not sold yet, check out these other 8 Reasons Why You Need An Emergency Fund

Paying Down Debt

There are multiple methods to pay down debt. You'll want to choose which is best for you. This is important because it may make sense to pay off debt instead of saving more after you've established your emergency savings.

Building Credit

Start Here, If you have not established credit and/or do not have a Credit Score

Most people know why credit is important. A higher credit score is going to save you more money in interest payments. You'll need your credit to apply for credit cards, home loans, car loans etc. Now even cellular phone carriers run your credit. Here are some Tips to boost your credit score. Here Are Great Tips To Build Credit

Credit repair companies specialize in finding and disputing items that are considered incorrect from your credit reports. These services typically cost between $79 - $150 dollars per month and the turnaround time is usually three months, although it can be a little longer than that. It’s important to note that not everything on your report can be removed, only incorrect or expired information can be disputed, so keep that in mind when searching for a reputable company.”

Credit repair is one of those things that most people can do on their own, but don't have the time or willingness to do so. I feel this could help some of those readers find a professional agency that can help them lessen their financial struggles.


Everyone should want to make their money work harder. Once we've reviewed the above with you or you independent build a plan for yo,yourself using the resources provided you are ready to start investing. You can start investing with as little as $5. There are popular apps like Robinhood or Stash that make it easy to start investing. Best of all investment brokerages have eliminated trading fees thanks too Robinhood's innovative platform. Acorns is another great app but you can compare and read about them in the links below.

Portfolio Re-Balancing

You shouldn't wait for markets to fall to rebalance your portfolio, but now is as good a time do it, as any. Re-balancing is the process of realigning the weightings of a portfolio of assets. Re-balancing involves periodically buying or selling assets in a portfolio to maintain an original or desired level of asset allocation or risk.

For example, say an original target asset allocation was 50% stocks and 50% bonds. If the stocks performed well during the period, it could have increased the stock weighting of the portfolio to 70%. The investor may then decide to sell some stocks and buy bonds to get the portfolio back to the original target allocation of 50/50.

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We hope this short article helps you begin preparing and feeling confident in your financial future. As always we are here to help you progress in your financial wellness journey.