Financial Health Check

By MoneyBees

Score your financial health across 8 ratios used by certified planners. Liquidity, savings rate, debt service, solvency, insurance coverage — with a composite score and prioritised actions.

Frequently asked questions

How is the financial health score calculated?

It's a weighted average of 8 ratios: Savings Ratio (20%), Liquidity (15%), Debt Service / TDSR-equivalent (15%), Debt-to-Asset (10%), Solvency (10%), Investment-to-Net-Worth (10%), Non-Mortgage Debt (10%), Insurance Coverage (10%). Each ratio scores 0–100 against thresholds used in personal-finance practice.

What's a good financial health score?

85+ is excellent. 65–84 is healthy. 40–64 is caution — workable but needs attention. Below 40 means key foundations (usually liquidity, debt service, or savings rate) need urgent work.

Should I count CPF in my assets?

Yes. CPF balances (OA + SA + MA + RA combined) are real assets that count toward your net worth, even though they're illiquid. The calculator includes a dedicated CPF input.

What's a healthy liquidity ratio?

3 to 6 months of essential expenses covered by liquid cash. Below 3 months means a single unexpected expense can force you into debt; above 12 means you may be holding too much idle cash.

How much life insurance do I actually need?

The standard benchmark is 10× annual income for primary earners with dependants. The DIME framework refines this: Debt + Income (years × annual) + Mortgage + Education for kids. The calculator's insurance ratio checks your coverage against 10× income — adjust upward if you have very young dependants.

What is a financial health check?

A quick review of how your money stacks up across key ratios — how much emergency cash you hold, how much you save, how much of your income goes to debt, your net worth, your investment mix, and your insurance cover. It shows where you're strong and the single biggest thing to fix next.

What is a healthy debt ratio in Singapore?

Singapore's Total Debt Servicing Ratio (TDSR) caps all monthly debt repayments at 55% of gross income, and the Mortgage Servicing Ratio (MSR) caps HDB/EC home-loan repayments at 30%. Healthy personal finance usually keeps total debt service well below those ceilings — under about 35% is comfortable.

How can I improve a low score quickly?

Tackle the lowest-scoring ratio first. The fastest wins are usually: build a 3-6 month emergency fund, clear high-interest credit-card debt, lift your monthly savings rate, and get adequate term-life and health cover. Small, consistent changes move the composite score within a few months.

Related reading

Explore more

Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).