Table of contents:

1. Why do you need a personal finance checklist?
2. Your annual personal finance checklist

Endowus’ fresh Wealth Insights survey showed that cost of living has shot to the top of investors’ list of worries in 2022. GST and inflation concerns weigh heavily on their minds. Those in their 40s through to the 60s are particularly fretting over retirement adequacy. Here is a personal finance checklist to keep yourself (and your bank balance) in check.

Why do you need a personal finance checklist?

Stay on track with your financial goals

You may have financial goals such as paying off your loans, saving 30% of your income each month, or budgeting for a new car. These goals would require planning and constant monitoring to ensure that you are on track to fulfilling them. Your financial checklist can act as a guide for you to review your financial achievements and setbacks, to identify areas of your goals that may need readjustment....