Checking the pulse on your financial vitals |

Checking the pulse on your financial vitals

Created: May 24, 2021 09:13 AM

The standard vitals for our physical health give us an accurate picture of our wellness - but have you checked the pulse on your financial health recently? 

Local Financial Professional Barry Bigelow from Great Waters Financial discusses four important vitals to check when it comes to your financial future. 

"The first one is retirement savings. It's a big deal right now because according to a recent survey nearly 30% of people stopped saving for retirement due to the economic fallout and uncertainty caused by COVID-19," says Bigelow. 

Some other vitals to check are monthly cash flow and debt-to-income ratio. You can reduce a lot of stress by knowing how much money you have coming in and how much is going out. Another important number is your debt-to-income ratio; it impacts your credit score and getting approved for loans or mortgages. 

Copyright 2021 WDIO-TV LLC, a Hubbard Broadcasting Company. All rights reserved

Man dies in a fatal crash in downtown Duluth

Duluth Bethel holds their first ever Concert for Recovery

UMD hosts it's 9th annual Farm Fest

DPA's Top Ten Most Endangered Places of 2021 list released

Lake Superior Stormwater Chalkfest "draws" attention to storm-water runoff

4 accused of plotting school attack on Columbine anniversary