T- Tackle Your Numbers
Let’s talk about the financially sexy numbers every women should strive for; 750-3-35-15-35.
1. Know your credit score and shoot for 750+
What’s your score: _______________
2. Have an Emergency Fund
Set aside 3-6 months’ worth of your fixed expenses. This is your 1st financial priority.
What is my monthly fixed expenses? _____________
How many months do you have set aside: __________________
3. Keep Your Debt In Check
Debt should be less than 35% of your income.
My monthly net income is _____________
Your debt ratio: ______________________
4. Save 15-25% of Your Income
How much depends on what style of retirement you want
My Yearly net Income is _______________
Percentage you are saving: _________________
5. Your Credit Card Utilization should be 35% or lower of your total credit limits (add up all the balances, add all the credit limits, divide the total balance by the total credit limit then multiply by 100)
Total Credit Card Balance ___________________
Total Credit Card Limits ____________________
Your percentage: ____________________