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Liz Weston Your doctor needs to know certain numbers to judge your physical health, such as your weight, your blood pressure and your cholesterol levels. Similarly, you need to know certain numbers to monitor your own financial health, including: AFTER-TAX INCOME AND ‘MUST-HAVE’ EXPENSES Your after-tax income is your gross income minus the taxes you pay (federal, state and local income taxes, plus Social Security and Medicare taxes). If you get a steady paycheck, you can use your latest pay stub to calculate this figure. Otherwise, check your most recent tax return. Divide your after-tax...

Your doctor needs to know certain numbers to judge your physical health, such as your weight, your blood pressure and your cholesterol levels. Similarly, you need to know certain numbers to monitor your own financial health, including:. For example, if you make $20 an hour after tax and something costs $100, you have to work five hours to afford it.

Liz Weston: 9 money numbers you need to know by Liz Weston Of Nerdwallet, The Associated Press Posted Apr 12, 2021 7:00 am EDT Last Updated Apr 12, 2021 at 7:14 am EDT FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) Your doctor needs to know certain numbers to judge your physical health, such as your weight, your blood pressure and your cholesterol levels. Similarly, you need to know certain numbers to monitor your own financial health, including: AFTER-TAX INCOME AND ‘MUST-HAVE’ EXP...

Author Bio Maurie Backman is a personal finance writer who's passionate about educating others. Her goal is to make financial topics interesting (because they often aren't) and she believes that a healthy dose of sarcasm never hurt anyone. In her somewhat limited spare time, she enjoys playing in nature, watching hockey, and curling up with a good book. While Social Security may not be going away anytime soon, I've known for a long time that relying heavily on those benefits for retirement income isn't a great idea. Plus, with the potential for benefit cuts in the near...

PODCAST: Is a Fix Coming Soon for Social Security? Kiplinger 1/12/2021 Subscribe FREE wherever you listen: David Muhlbaum: While Social Security won’t ever go broke – and we’ll explain why that is – it faces real funding problems, and the pandemic hasn’t helped things. Catherine Siskos, the editor of Kiplinger’s Retirement Report, joins us to talk about potential fixes and what they mean for your benefits and taxes. We also look into the latest version of buy now, pay later plans, and what to do with an old pair of shoes. Popular Searches David Muhlbaum: Welcome to Your Money�...