6 Signs You’re Doing Really Well Financially in America (Even if It Doesn’t Feel Like It)

Published:

Achieving financial stability where you can meet your current financial obligations comfortably and still plan for the future is a goal everyone strives to attain.

However, while you may be able to pay your bills, save for vacations, and afford to dine out occasionally, you may feel left behind, especially if you compare yourself with your peers or others with higher salaries. You may be doing way better financially than the average American.

Read on as we explore some signs that you’re financially better off.

You Can Afford Insurance

Life Insurance Health Protection Concept
Image Credit: Rawpixel.com/Shutterstock.

 

Do you have health insurance, car insurance, homeowners insurance, life insurance, or disability insurance? That signifies that you’re on the right track to financial stability.  The right insurance can help minimize financial losses and cover significant risks.

You Can Afford Regular Vacations

Family hiking on summer vacation trip. People with backpacks hiking in the mountains. Craggy Gardens Milepost. Near Asheville, Blue Ridge Mountains, North Carolina, USA.
Image Credit: Margaret.Wiktor/Shutterstock.

 

Being able to travel for regular vacations is a clear sign that you’re doing better than most Americans. Some people have to borrow to finance vacations, which can be costly. Having enough to travel for leisure signifies a good financial standing.

You’ve Started Saving for Retirement

Cheerful senior couple running in countryside.
Image Credit: goodluz/Shutterstock.

You have a healthy financial status if you’ve already started saving for retirement.  A study by USA Facts revealed that almost 50% of all American households didn’t have retirement savings. However, if you’re contributing to an IRA or 401(K) regularly, you’re setting yourself up for success in your retirement years.

You Never Rely on Payday Loans to Cover Unexpected Costs

Payday Loan Application Form Salary Debt Concept.
Image Credit: Rawpixel.com/Shutterstock.

 

You’re doing better financially if you can comfortably cover unexpected expenses and additional purchases without relying on payday loans or cash advances. Most people depend on payday loans during financial crisis, which can leave them trapped in a cycle of debt.

You Have an Exceptional Credit Score

The woman checks the credit report and how many credit points.
Image Credit: REDPIXEL.PL/Shutterstock.

 

An exceptional credit score shows you can be trusted to repay debts on time and are responsible for your finances. When lenders deem you reliable, they can offer better interest rates on mortgages, loans, credit cards, etc.

You Have an Estate Plan

Tax advisors or senior advisors give seniors advice on pension and pension insurance
Image Credit: Robert Kneschke/Shutterstock.

 

CNBC estimates that 67% of Americans don’t have an estate plan. Consider yourself ahead of most people if you already have a will or estate plan. It also shows that you’re prepared for the future, which reduces stress on your heirs and ensures your wishes are met.

11 Frugal Living Tips Middle-Class Americans Need to Know

portrait of tired handsome mature male tourist in baseball cap spring day.
Image Credit: Tramp57/Shutterstock.

 

Middle-class Americans need to start saving money, and they need to do it stat.

Inflation is rising, and no one is getting paid more. Everything is just so expensive. Frankly, it’s exhausting. But there is hope.

Frugal living is really not that bad. There are some great ways to save money and feel better about yourself. Using these tips to simplify your life and reduce your spending will make you happier than ever.

11 Frugal Living Tips Middle-Class Americans Need to Know

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

Funny child hugs the radiator. Kid in hat and warm clothes enjoying home heater. Heating of housing during the energy crisis in the winter cold season. Restrictions and savings of gas and electricity.
Image credit: Sharomka/Shutterstock.

 

I’m super frugal, and one of my passions is sharing my frugal living tips with everyone.

Here are some of my absolute favorite frugal tips to help you get started on your journey to frugal living.

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

Portrait of beautiful young blonde woman posing and giving a kiss to the camera.
Image Credit: PKpix/Shutterstock.

 

Everything comes with a hefty price tag these days. From indulgences to essentials, the cost of living keeps rising. We used to consider certain items affordable options, but now they’ve become so expensive that they’re no longer worth it. Here are 15 things that have lost their affordability and make us wonder if they are worth it!

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

28 Practical Ways Frugal People Save Lots of Money

Young pretty woman traveller in baseball cap looks and smiles at camera at green nature forest background, portrait close up.
Image Credit: DedMityay/Shutterstock.

 

Saving money doesn’t have to mean saying goodbye to life’s little indulgences. With a few smart tweaks, you can stash away cash for that dream vacation, rainy day fund, or splurge-worthy purchase without feeling like you’re on a constant budget patrol.

Think of it as a side hustle that pays off without the extra hours. Whether you’re looking to conquer debt or simply boost your bank account, these tips are guaranteed to put more money in your pocket, painlessly.

28 Practical Ways Frugal People Save Lots of Money

14 Ridiculously Random Tips That Could Save You Lots Of Money

Photo of thought elder white hair man work laptop hand face sit wear spectacles yellow shirt at home alone.
Image Credit: Roman Samborskyi/Shutterstock,.

 

Want to save some money? There are so many ways to save money that are published in articles all day, every day.

It can be tiring to sort through them and find the ones that work for you, so we decided to scour the internet and find some of the best ones to share with you. But we couldn’t decide which ones to share with you, so we just decided to share the ones we liked, which means that these are pretty random!

14 Ridiculously Random Tips That Could Save You Lots Money

 

 

 

Leave a Comment