Financial Health Check
6 questions, about a minute. See where you stand on savings, your emergency fund, investing, goals, insurance and loan EMIs.
Monthly Income & Expenses
We'll calculate your savings rate from this.
Liquid Savings
Savings accounts, liquid funds and FDs you can break: money you can get within a week.
Monthly SIP / Investments
Amount going into mutual funds, stocks, or any growth assets each month.
Financial Goals
Retirement, house, education, each with a specific target and timeline.
Insurance Coverage
Select all that apply.
Loan EMIs
All monthly EMIs plus the minimum due on credit cards. Enter 0 if you have no loans. This is checked separately and doesn't change your score.
Runs in your browser. Nothing is stored or sent.
Want ranked next steps instead of a score? Try the Free Money Check.
Savings
/ 20
Emergency
/ 20
SIP
/ 20
Goals
/ 20
Insurance
/ 20
Your foundation is weak. Because Savings & Emergency Fund are your lowest pillars, your score is scaled to 50% of your 68-point pillar total. Fix these two first to earn the full points. Learn more
EMI check (not scored)
What Is a Financial Health Check?
A financial health check is a quick self-assessment that evaluates the 5 key pillars of personal finance: savings rate, emergency fund, investment discipline, goal readiness, and insurance coverage, and checks your loan EMIs alongside. Your score (0–100) tells you where you stand today and, more usefully, what to improve first.
A doctor checks your BP, sugar and cholesterol to flag risks before they become problems. This score does the same for your money: it finds gaps before they turn into crises, such as having no emergency fund when you lose a job, or no term insurance when you have dependents.
This free version gives you an instant snapshot in about a minute. No login, no account, no data stored. For a detailed, connected plan that tracks your actual cash flows, goals, SIPs and investments, try the full Financial Planner.
The 5 Pillars of Financial Health
1. Savings Rate
How much of your income are you saving each month? A healthy savings rate is 20–30% of take-home income. Below 10% is a red flag: you're living paycheck to paycheck with no buffer for the future. Above 30% is a strong position.
2. Emergency Fund
Do you have 3–6 months of expenses in liquid savings? An emergency fund protects you against job loss, medical emergencies, or unexpected expenses without breaking your investments. Keep it in a savings account, a liquid fund or an FD you can break at short notice (expect a lower rate if you break it early), not in equity.
3. SIP / Investment Discipline
What percentage of your surplus is being invested via SIP or other regular investments? Money in a bank account isn't invested, and inflation erodes it. Full marks go to investing at least half of your monthly surplus regularly, whether through SIPs, PPF, NPS or other long-term investments.
4. Goal Readiness
Have you defined your financial goals (retirement, child's education, house down payment, FIRE)? A goal with a rupee target, a date and its own SIP tells you exactly how much to invest each month. "Save for the future" doesn't.
5. Insurance Coverage
Do you have term life cover if anyone depends on your income, and health cover for your family? Without them, one hospital stay or an early death can wipe out years of savings. Work out the amounts with the term insurance calculator and the health insurance calculator.
Plus: Loan EMIs (checked, not scored)
Your EMIs and minimum card dues as a share of income. Banks call this FOIR. IDFC First Bank, for example, treats under 40% as low, 40–50% as standard and over 50% as high. We show it next to your score so the score stays the same as the one in the full planner.
How the Financial Health Score Is Worked Out
Each pillar is worth 20 points, so the five add up to 100. These are the exact cut-offs the check uses:
| Pillar | How it's measured | Points |
|---|---|---|
| Savings rate | (Income − expenses) ÷ income | 30%+: 20 · 20%+: 16 · 10%+: 12 · 5%+: 6 · below 5%: 0 |
| Emergency fund | Liquid savings ÷ monthly expenses | 6+ months: 20 · 4+: 14 · 2+: 8 · under 2: 0 |
| SIP coverage | Monthly SIP ÷ monthly surplus | 50%+: 20 · 30%+: 16 · 15%+: 12 · any SIP: 6 · none: 0 |
| Goal readiness | Goals with a rupee target and a date | All: 20 · some: 12 · none: 0 |
| Insurance | Term life, health, critical illness | All three: 20 · two: 14 · one: 8 · none: 0 |
Foundation drag. Savings and the emergency fund hold everything else up, so the weaker of the two scales the total: from 50% of your points when either is at 0, up to 100% when both are at 20. Strong SIPs can't hide an empty emergency fund. The full planner also applies an age adjustment from 45 onwards; this quick check doesn't. The score methodology page has the details.
Worked Example: From 59 to 81
Take someone with a ₹1,20,000 monthly take-home and ₹90,000 of expenses. They have ₹4 lakh in savings and FDs, a ₹15,000 SIP, some goals worked out and only health insurance.
- Savings rate 25%: 16/20. Emergency fund 4.4 months: 14/20. SIP is 50% of the ₹30,000 surplus: 20/20. Some goals: 12/20. One type of cover: 8/20.
- That's 70 points. The weaker foundation pillar is 14/20, so the total is scaled to 85%: a score of 59, Needs Attention.
- Two changes: add a term plan (insurance 14/20) and build savings to ₹5.4 lakh, six months of expenses (20/20). The score becomes 73, On Track.
- Putting a target and a date on every goal (20/20) takes it to 81, Excellent. The SIP didn't change at all.
Illustrative figures, using the scoring rules above.
What Does Your Financial Health Score Mean?
80–100 (Excellent): You're saving well, investing regularly, have an emergency fund, defined goals, and proper insurance. Focus on optimising: tax efficiency, asset allocation and estate planning.
60–79 (On Track): You have the basics covered but likely have 1–2 gaps, such as a thin emergency fund or no term insurance yet. One focused action (like starting a ₹10,000 SIP or buying a ₹1 crore term plan) may be enough to reach the Excellent band.
40–59 (Needs Attention): You're saving some money but not investing it effectively, or you're missing a critical pillar like insurance or emergency fund. Often 2–3 specific changes are enough to move from "needs attention" to "on track".
Below 40 (At Risk): Multiple pillars need attention. Start with the basics: build a 3-month emergency fund, get term + health insurance, and start a small SIP. Even ₹1,000/month counts.
How to Improve Your Financial Health
Improving your financial health usually comes from better priorities, not a higher income. Here's a recommended order of actions, from most urgent to most impactful:
- Get insured first. If anyone depends on your income, get term life cover, and get health cover for the family. Premiums depend on your age, health and the cover amount, so compare quotes from insurers once you know how much cover you need. This protects your family from the risks that can't be saved for.
- Build a 3-month emergency fund. Park 3 months of expenses in a liquid fund or a savings account, then build towards 6. The emergency fund calculator works out your number. This prevents you from breaking SIPs or selling investments during a crisis.
- Start a SIP, any amount. Even ₹500 a month is better than nothing. Automate it so it happens without willpower. Increase the amount by 10% every year as your income grows.
- Define at least one financial goal. "Retire at 50" or "₹30L for child's education by 2035": put a number and a date on it. Use our SIP Calculator to figure out the monthly investment needed.
- Increase your savings rate. Track your expenses for one month and mark what you could cut. The 50/30/20 rule is a simple way to set limits. Redirect what you free up to investments, and your savings-rate score rises with it.