5 Subtle Signs You’re Actually Good with Money

Updated: May 21, 2024

Managing finances can sometimes feel like juggling five balls while riding a unicycle. But guess what? You might be better at it than you think.

I’ve had consultations with clients who were worried about their finances, but when I checked their assets and cash flow, they turned out to be in a good financial position.

If you feel that you’re struggling with your money, check yourself against these five signs. Who knows, better times could be just around the corner, and you’re all set to get there at a steady pace.

1. You Know Where Your Money Goes

You might not have a detailed spreadsheet, but you have a pretty good idea of your monthly expenses. If you can mentally list your rent, bills, groceries, and fun money without breaking a sweat, you’re on top of your finances. Knowing where your money goes means you’re less likely to be caught off guard by unexpected expenses.

2. You Pay Your Bills on Time

Bills aren’t fun, but you handle them like a pro. Whether it’s through automatic payments or a trusty calendar reminder, paying your bills on time means you avoid late fees and keep your credit score healthy. It’s a small habit that shows you’re serious about your financial responsibilities.

3. You Have a Rainy Day Fund

You don’t need to have a massive savings account to be good with money. If you’ve set aside even a small emergency fund, it shows you’re thinking ahead. Life is full of surprises, and having a cushion for those “just-in-case” moments means you’re prepared for whatever comes your way.

4. You Think Before You Spend

Impulse buys happen to the best of us, but if you usually take a moment to think before making a purchase, you’re practicing good financial habits. Maybe you sleep on it or do a quick budget check. This pause shows you value your hard-earned money and make thoughtful decisions.

5. You Set Financial Goals

Whether it’s saving for a vacation, paying off debt, or investing in your future, having financial goals indicates you’re looking at the bigger picture. Goals give you direction and motivation, making it easier to make smart choices with your money.

Bonus Tip: You’re Willing to Learn

You read articles like this one! Being curious about finances and seeking out information shows you’re proactive and have a growth mindset. The more you learn, the better you become at managing your money.

So, give yourself some credit. If you recognize yourself in these signs, you’re doing a great job. Keep it up, and you’ll continue to build a strong financial foundation.

What to do next: Click here to start your financial journey with IMG Wealth Academy

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