Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Printable Checklist

Each item on this list was discussed in detail in Your Financial Checkup. Feel free to print it out and check off the items as you complete them.

  1. Diagnose Your Spending Habits

    ___ Using a spreadsheet and your bank account and credit card statements, record and analyze your expenses from the last three to six months. This is time-consuming but not difficult. You need to find out where your money goes before you can improve your financial health.

    ___ Keep receipts for all cash purchases. Put them in a jar and calculate the total at the end of the month.

    ___ Find out how much you could add to your retirement by curbing expenses today.

    ___ Establish a budget and a means of tracking it.

  2. Regulate Your Retirement

    ___ Make sure you're saving enough to meet your retirement goals.

    ___ Make any "catch-up" contributions to your 401(k) before December 31. The deadline for year 2001 contributions to IRAs is not until April 15, 2002, but the sooner you invest, the better.

    ___ Find out which type of IRA, Regular or Roth IRA, is best for you.

  3. Inspect Your Insurance

    ___ Determining whether you have enough life insurance to take care of your family.

    ___ Find out if your employer provides disability insurance, and then analyze whether it's enough.

    ___ If your car is three or more years old, increase the deductible on the collision and comprehensive coverage to $500 or $1000 to obtain a lower premium on your car insurance.

  4. Investigate Your Debt

    ___ If the balance on your credit card is large enough that you cannot pay it off at the end of the month, make eliminating that debt your top financial priority.

    ___ Check your credit history by order a report from Experian, Equifax, or Trans Union. Or, you could order a report from all three in one easy step at

  5. Evaluate Your Bank

    ___ Add up your ATM charges to see how much that convenience has cost you over the past year.

    ___ Determine whether you're getting the most bank for your buck.

  6. Explore Your Investments

    ___ Evaluate your portfolio's performance by matching it against the performance of the benchmark of your choice.

    ___ Compare the fees and features of several discount brokers to determine which one is best for you.

  7. Take On Your Taxes

    ___ Run a preliminary income tax return to see if additional deductions might reduce your tax bill.

    ___ Investigate how you can make the new tax laws work for you.

    ___ Don't forget to deduct any capital losses that can be carried forward from last year.

Congratulations! If you've concluded this checklist, give yourself a clean bill of financial health (and give yourself a helping of your favorite dessert -- you deserve it)!

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1146302, ~/Articles/ArticleHandler.aspx, 4/28/2017 9:36:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 20 minutes ago Sponsored by:
Change down DOW 20940.5 -40.8 -0.2%
Change down S&P 500 2384.2 -4.6 -0.2%
Change down NASD 6047.6 -1.3 0.0%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes