Am I On Track Financially? 5 Signs You're Doing Better Than You Think

Scrolling through social media at night wondering if everyone else has their finances figured out while you're falling behind? You're not alone and here's the truth: you're probably doing way better than you think you are.

In this solo episode, Meghan breaks down the real data behind financial wellness and gives you five concrete signs that you're actually crushing it with your money, even if it doesn't feel that way. This episode is packed with research, personal stories, and actionable takeaways to help you feel more confident about your financial journey.

Why We Compare Ourselves Financially (And Why It's Time to Stop)

Most of us don't talk openly about money. We don't ask friends how much they've saved or what their salary is, so we're left guessing, comparing, and often feeling like we're falling short. Being "on the right track" means different things for different people and what matters is comparing your current situation to YOUR OWN financial goals, not what influencers say you should have or what your friends are doing.

The 5 Signs You're Doing Better Than You Think

Sign #1: You Have Something Saved in a High-Yield Savings Account - Even if It's Just $500 or $1,000

According to CNBC, one in three Americans don't have an emergency fund at all, and the median amount saved for emergencies is just $500. If you have anything saved like $100, $500, $1,000 you're already ahead of millions of people. While the standard advice is three to six months of expenses, focus on progress over perfection. Having something saved means you have options and breathing room when unexpected expenses arise.

Sign #2: You Don't Have Any High-Interest Credit Card Debt

Federal Reserve data shows that 46% of adult credit cardholders carried a balance on their credit card for at least one month in the past year. If you're paying your credit card off in full every month, you're in the minority and ahead of nearly half of all Americans. With most credit card interest rates between 20-30%, avoiding this high-interest debt saves you significant money and stress. Try our FREE Crush Your Debt Tracker!!

Sign #3: You Know How Much Money You Have Coming In and Going Out

This might sound basic, but many people live paycheck to paycheck without actually knowing where their money goes. If you understand roughly how much income you're bringing in and how much you're spending each month, you have fundamental financial awareness that protects you from lifestyle creep. You don't need a perfect budget with every dollar accounted for. Being within a few hundred dollars when estimating last month's spending means you're doing great. Would you like help building out your money guideline? Utilize our FREE Budget Builder Guide!

Sign #4: You Have at Least One Investment Account and Have Contributed to It

Whether it's a 401(k), IRA, Roth IRA, or taxable brokerage account, if you've contributed to an investment account, you're making your money work for you. According to Gallup, about 60% of Americans have money in a retirement savings plan, but for adults aged 18-29, that number drops to just 39%. If you're younger and already investing, you're way ahead of the curve and taking advantage of compound interest, one of the most powerful wealth-building tools. Even if you're not maxing out contributions, the fact that you've started puts you at a massive advantage. Check out our FREE Investing Made Simple Guide!

Sign #5: You're Paying Your Bills on Time

If you're paying bills on time every month and not racking up late fees, that's a significant win. Late fees add up fast, but beyond that, paying on time protects your credit score, which impacts everything from apartment applications to interest rates on loans and mortgages. Having a system, whether it's reminders, autopay, or a dedicated bill-paying day, means you've solved a problem that trips up many people.