18 Signs You’re Financially Better Off Than the Average American

Navigating the financial landscape can often feel like charting a course through uncharted waters. While everyone’s journey is unique, certain markers can indicate you’re on a smoother path.

Curious if you’re doing better than most? Here are 18 signs that suggest you might be financially ahead of the curve.

Your Credit Score is 700+

A strong credit score unlocks lower interest rates and more favorable loan terms. If your score is 700 or above, you’re likely managing credit responsibly, which sets you apart from the average borrower.

You Invest Regularly

Investing in stocks, bonds, or real estate can grow your wealth. Consistently contributing to your 401(k), IRA, or diversified investment portfolio indicates financial foresight and discipline.

You Own Your Home

Homeownership is a significant milestone. If you own your home—or have substantial equity—you’ve achieved a level of financial stability that many Americans aspire to.

You Have an Emergency Fund

An emergency fund is a safety net for unexpected expenses. If you have three to six months’ worth of living expenses stashed away, you’re ahead of many who live paycheck to paycheck. According to Bankrate, only 44% of Americans have enough to cover emergency expenses above $1,000. 

You’re Debt-Free (Or Close to It)

A LendingTree study showed that the average American carries over $6,000 in credit card debt. Debt can be a heavy burden, but being free from it—or on your way there—offers peace of mind and financial freedom. Whether it’s student loans, credit card debt, or your mortgage, having a plan to eliminate debt shows you’re in control of your finances.

You Have Health Insurance

Health insurance protects you from excessive medical costs. Having a comprehensive plan signals financial prudence and a priority on well-being.

You Can Afford Vacations

Taking regular vacations without accruing debt is a sign of financial health. It means you’re managing your expenses well enough to set aside funds for leisure and relaxation.

You Save for Retirement

If you’re steadily contributing to retirement accounts like a 401(k) or IRA, you’re planning for the future. This foresight is something many Americans struggle with, making you stand out for your financial preparedness. According to the Survey of Consumer Finances (SCF), almost 50% of all American households didn’t have retirement savings in 2022.

You’re Prepared for Major Life Events

Are you financially prepared for a new baby, marriage, or unexpected job loss? Having the funds and resources to weather major changes shows financial prudence and stability.

You Don’t Stress Over Bills

If you can pay all your bills on time without worry, you’ve likely developed a sound budgeting strategy. This financial stability is a key indicator that you’re doing better than many who face constant financial strain.

You Have Multiple Income Streams

Diversifying your income through side gigs, investments, or rental properties reduces financial risk and increases security. If you’re not solely relying on one paycheck, you’re building a robust financial foundation.

Your Net Worth is Increasing

Tracking your net worth and seeing it grow means your assets are outpacing your liabilities. This steady increase is a clear sign of sound financial management.

You’re Covered by Life Insurance

Life insurance protects your loved ones from financial hardship in your absence. Having a policy in place means you’re thinking ahead about others’ well-being, not just your own.

You Give to Charity

Charitable giving, through donations or volunteer work, is often a sign that one is financially secure enough to help others. It indicates not only financial stability but also a generous spirit.

You’re Comfortable With Financial Risks

Being able to take calculated financial risks—like starting a business or investing in high-yield opportunities—shows you have a solid financial cushion and the confidence to leverage it for greater gains.

You Have a Will and Estate Plan

Planning for the future of your estate ensures your assets are managed as you wish after your passing. If you have a will and estate plan, you’re ahead of the many who overlook this important aspect of financial health. CNBC estimates that 67% of Americans don’t have an estate plan. 

You’re Continuously Educating Yourself

Staying informed about financial trends, investment strategies, and personal finance tips means you’re committed to growing your wealth. Knowledge is power, and in this case, the power to stay ahead.

You Feel Financial Peace

Perhaps the most telling sign is that if you feel a sense of peace regarding your finances, you’re likely better off than many who experience constant financial anxiety. This inner calm reflects the culmination of prudent financial habits and sound decisions.

Home Improvement Loans: Get the Funds You Need to Make Your Dream Home a Reality

Is your home in need of repairs or renovations? You might be inspired to create your dream home, but covering the costs can be tricky. A home improvement loan may be the answer if you need funds to make these improvements.

Home Improvement Loans: Get the Funds You Need to Make Your Dream Home a Reality

“Watch Your Wallet” 10 Tourist Traps Everyone Inevitably Experiences

Every city has its charms and traps when it comes to traveling. However, some cities are more known for their tourist traps than others. In a popular thread on a social media platform, travelers were asked which cities they believed to be the biggest tourist traps. Here are the top 10 cities that made the list.

“Watch Your Wallet” 10 Tourist Traps Everyone Inevitably Experiences

“The Italian Countryside For Me” 10 Places To Move To If Money Were No Big Deal

The United States is home to some of the world’s most stunning natural landscapes, from towering mountain ranges to breathtaking coastlines. When asked where the most beautiful place in the United States is, users on an AskReddit thread had no shortage of stunning locations to share. Here are ten of the most popular responses:

“The Italian Countryside For Me” 10 Places To Move To If Money Were No Big Deal