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Getting financially fit

A woman is sewing clothes; image used for "getting financially fit" article.
If you feel financially secure to achieve your financial goals, then you may consider yourself financially fit.

Find out about your financial fitness

People who are financially healthy tend to share the following characteristics:

  1. They live within their means.
  2. They are able to free up funds when required.
  3. They have money set aside for emergencies.
  4. They avoid excessive borrowing.
  5. They can save for the future.
  6. They consider their insurance and protection needs.
  7. They can spot scams and know how to avoid fraud.

 

How financially capable are you?

Healthy

I rarely feel stressed when I think about my finances.

I could handle a major unexpected expense without any hardship.

I am proactively planning for my future and retirement.

I find it easy to access reliable advice and support.

 

Coping

I can meet my day-to-day bills and outgoings most of the time.

I occasionally feel stressed when I think about my finances.

I am able to save a little from time to time.

I could occasionally handle a major unexpected expense without any hardship.

I know where to find some reliable financial advice and support.

 

Struggling

I often have to borrow money to pay for needs, like food and utilities.

I often feel stressed when I think about my finances.

I don't have a plan for my future or retirement.

I couldn't handle a major unexpected expense, it would cause some hardship.

I find it hard to find reliable financial advice and support.

 

Unwell

I always feel stressed when I think about my finances.

I have credit card and other debt that I cannot manage.

I couldn't handle a major unexpected expense, it would be a significant hardship.

I have no idea where to find reliable financial advice and support.

Get started with your financial wellbeing

Learn how HSBC banking products can help you with your financial wellbeing

HSBC Debit Card | HSBC Credit Cards 

Stay tuned

HSBC hosts financial wellbeing seminars led by expert speakers. These sessions cover essential tips to help you make informed financial decisions and achieve your financial goals with confidence.

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Next steps

Financial wellbeing

Mother and daughter are enjoying the river view; image used for "spend wisely" article.
Be in control of what you spend on bills, savings and debts.
A girl is looking up and smiling on the street; image used for "free up funds" article.
Creative ways to reduce your expenses.
A kid and his mother are playing with bubbles; image used for "build emergency savings" article.
Put money away for those unexpected events.