The Family Finance Check-Up

Life insurance coverage —

Does it reflect your current income, debts, and family size? (Coverage from 5+ years ago is often outdated.)

Disability insurance —

If you couldn't work for 6 months, would your family be okay?

Beneficiary designations —

On life insurance, retirement accounts, and investments. (Life changes — marriages, divorces, new kids — but beneficiaries often don't get updated.)

Emergency fund —

Do you have 3–6 months of expenses set aside?

High-interest debt —

Any credit card or loan balances costing you more than your investments are earning?

Savings rate —
Are you saving a consistent % of income, or just whatever's left over?

Retirement contributions —

Are you contributing enough to get any employer match? On track for your retirement goals?

Education savings —

If you have kids, is there a plan (RESP, etc.) in place?

Will & estate documents —

Do you have an up-to-date will? Power of attorney? (Many families don't — and it matters more than people think.)

Annual check-in —

Are you reviewing all of this at least once a year, ideally with someone who can spot the gaps?