What actions should you perform at least once a year to improve personal financial health?

• A. Review budget and goals, verify beneficiary designations, and pull a current credit report to check for errors
• B. Increase spending and reduce savings
• C. Change jobs and move
• D. Cancel insurance

Answer: (A)

Regular annual financial health checks help you stay on track by aligning spending with your goals, ensuring your plans reflect your current life situation, and guarding against surprises in your finances. Reviewing your budget and goals keeps cash flow in line with what matters most to you and lets you adjust for income changes, family needs, or new priorities. Verifying beneficiary designations ensures that who will receive your assets is up to date, which is an important part of protecting your wishes and avoiding complications later. Pulling a current credit report helps you spot errors, signs of identity theft, or changes in your credit that you should address to maintain good borrowing options. Together, these actions cover day-to-day money management, asset protection, and credit health, making them a practical, preventive annual routine. The other options don’t build financial health: increasing spending while cutting savings reduces your safety net, changing jobs and moving isn’t a guaranteed or routine financial health practice, and canceling insurance reduces protection you may need.