“If you can’t measure it, you can’t improve it.”
How do you measure success?
In business, this is usually based on Key Performance Indicator (#KPI) set up at the beginning of the year and evaluated throughout. KPIs keep you focused on the goal at hand.
But, what about your personal finances? How do you know you are managing your finances well? Earning more is great, but are you using your money efficiently?
Well, enter the Personal Finance KPIs. It's a list of metrics that you should track and work to improve as the years go on. A little Google search will result in multiple iterations of this list, so you’ll have to find which ones work for you. Each one of us have different financial goals after all, so one metric may work for one person for a few years, but after a while, it may be time to retire an old metric and add a new one.