Posted in planning, women

How Expensive Are You?

Today’s questions are how expensive are you, and are you living within your means? $50,000 annual retirement makes a big difference to the person without debt and the person with debt.  If you have a lot of credit card debt, student loan debt, expensive car debt, plan to have all of that paid off before heading into retirement.  Annually ask yourself these questions to see how you are doing:

1.  What are my debt trends?  Is it less this year than last year?  If not, why?

2. What are my asset trends?  Are they higher this year than last year?  Should they be?

3. What is my cash flow?  Am I living within my means?  If not, what can I do to ensure that I do?

These are simple questions, but it is amazing how many people do not think about them until it’s too late to plan effectively.  Asking these questions annually will keep you on track for a successful retirement. Good luck.


Dr. Sheila Embry is a govie, author, pracademician, sister, aunt, cousin, and friend who loves to read, write, think, and laugh. Many of her blog postings are summaries or excerpts of books that she read and wants to share to encourage others. An author with more than 25 years experience within the legislative and executive branches of the U. S. federal government holding 3 accredited degrees: Doctor of Management in Organizational Leadership, Master of Arts in Human Resources Development, and Baccalaureate of Business Administration, she believes in continuing learning both on and off the job. She has been recognized with multiple professional and writing awards for her peer-reviewed, publications. Click the bibliography page above for a listing of all the publications.

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