Key takeaways

• Understanding your current financial position can provide a solid foundation for your financial planning process.
• Knowing how much you spend and save can provide some key insights into your financial health.
• It is also important to review some of the basics of financial planning, like your insurance, college savings, will, and more.

When you start a financial planning process, you usually begin with the goal or the problem you are trying to solve. Then, you take a deep look at your financial wellbeing. It’s a bit like getting a physical for your finances.

You will review some financial vital signs—key indicators of your financial health—and then take a careful look at key planning areas to make sure some common mistakes don’t trip you up.

For full article, go to:  https://www.fidelity.com/viewpoints/personal-finance/financial-health?ccsource=email_weekly