Are You a Financial Steward: T: Take Stock of Your Financial Resources

T: Take Stock of Your Financial Resources and Responsibilities
Today in our STEWARD blog series, we are talking about T: Taking Stock. Once you've set your mission, the next step is taking stock of where you currently stand, namely do you have an emergency fund calculator? This process of self-assessment and available access to financial tools is fundamental to creating a realistic roadmap toward your goals. What do you oversee, and what are you responsible for? Do you have an emergency fund calculator that gives you a realistic way to calculate your financial goals?

Begin with an emergency fund calculator that can categories your material resources, such as income, expenses, and assets, alongside any debts or liabilities. Equally important are the relational, personal, and temporal aspects of your life. For example, are there temporary or more permanent financial commitments you've made, or time bound financial goal constraints you must navigate?

This exercise helps you understand your current position relative to your goals and mission and an emergency fund calculator helps you see the numerical value of these financial implications. Knowing what you have and where you stand brings clarity, allowing you to set achievable milestones and be mindful of any limitations.