Financial Health Score
Your comprehensive financial health score based on key financial metrics.
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Understanding Your Score
Your Financial Health Score is a composite metric that combines several important financial indicators:
- Savings Rate: The percentage of your income that youβre saving
- Debt-to-Income Ratio: How much of your income goes toward debt payments
- Emergency Fund: How many months of expenses you could cover
- Investment Growth: How your investments are performing
- Net Worth Growth: How your overall financial position is changing
How to Improve Your Score
- Increase your savings rate by reducing expenses or increasing income
- Pay down high-interest debt to improve your debt-to-income ratio
- Build your emergency fund to at least 3-6 months of expenses
- Invest in diversified, low-cost index funds for steady growth
- Track and optimize your net worth regularly
Improvement Strategies
Reduce Expenses
Cut unnecessary spending
Increase Income
Boost your earnings
Pay Down Debt
Reduce high-interest obligations
Monitoring
Monthly Review
Track your metrics regularly
Quarterly Goals
Set and review objectives
Annual Planning
Long-term financial planning