Money Position

On a scale from one to ten, exactly how happy are you with your money situation right now?

Grading criteria could be as follows:

0 - 2

If you are maintaining sufficient amount of emergency or contingency fund or if you are not at all dependent on your credit card.

3 - 4

If you have taken good amount of health cover by yourself (excluding employer provided cover) and adequate amount of life cover.

5 - 6

If you are not paying EMI which is more than 20% of your salary.

7 - 8

If you are investing regularly AS MUCH AS YOU CAN. And if you are also maintaining a decent 'asset allocation' keeping in mind your goals and risk appetite.

9 - 10

If you have a detailed financial plan ready and (most importantly) following it religiously and getting it reviewed regularly by your planner.