Financial health check
By MoneyBees
Score your financial health across 8 ratios used by certified planners. See your liquidity, savings rate, debt load, solvency, investment mix, and insurance coverage, plus how your income compares to your age group and a DIME estimate of the life cover you need, with a concrete next action for each.
Calculator
Income & expenses (monthly)
Used to compare your income to the MOM median for your age band.
Leave 0 if you don't own property
Car, personal, student loans, credit card minimums
Assets
Savings, fixed deposits, cash management funds, SSBs
Stocks, ETFs, REITs, unit trusts
Cash value of whole-life policies, vehicles, etc.
Liabilities
Car, education, personal loans
Balance you're not paying off in full each month
Protection
Death benefit across all term + whole-life policies
How many years your dependants would need your income if you passed. 10 is a common starting point.
Total you'd want set aside for your children's education. Leave 0 if none.
Overall financial health score
89/100
Weighted across 8 ratios: savings (20%), liquidity (15%), debt service (15%), and 5 others.
Net worth
$100,000
Assets $100,000 − Debts $0
Annual savings
$18,000
Take-home minus expenses
Monthly surplus
$1,500
No debt service this month
Income vs your age group
MOM median for your age
$6,338
2025, incl. employer CPF
You vs the median
95%
below the median
MOM's median gross monthly income for full-time employed residents in your age band (2025, includes employer CPF). A rough gauge only. Pay varies a lot by industry and role.
Life cover you may need (DIME)
DIME = Debt + Income replacement + Mortgage + Education. A quick rule of thumb, not a full needs analysis. Singles with no dependants often need far less, and term insurance usually covers this most cheaply.
Ratio breakdown
Liquidity Ratio
Months of essential expenses covered by liquid cash
6.8 mo
target 3–6 months
Savings Ratio
Annual savings as % of annual take-home pay
33.3%
target ≥ 20% (40%+ for FIRE)
Debt-to-Asset Ratio
Total liabilities as % of total assets
0.0%
target < 50%
Debt Service Ratio (TDSR-equivalent)
Total monthly debt payments as % of gross monthly income
0.0%
target < 35% (regulatory ceiling 55%)
Non-Mortgage Debt Ratio
Non-mortgage debt payments as % of gross monthly income
0.0%
target < 15%
Solvency Ratio
Net worth as % of total assets
100.0%
target > 50%
Investment Assets to Net Worth
% of net worth in productive investments (excl. property)
25.0%
target > 50%
Insurance Coverage Ratio
Life insurance vs target (9x annual income)
38.6%
target ≥ 100% (= 9x income)
What to do next
Diversified — keep adding to investments through DCA.
Severely under-insured. Top up term coverage to about $648,000 (9x income).
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The 8 financial health ratios at a glance
Each ratio is scored 0–100 against thresholds used in personal-finance practice. The overall score is a weighted average across all eight.
| Ratio | Healthy target | Why it matters |
|---|---|---|
| Liquidity | 3 - 6 months of essential expenses in cash | Stops a shock forcing you into debt |
| Savings | Save 20%+ of take-home pay | The most controllable wealth lever |
| Debt-to-asset | Below 50% (over 75% = over-leveraged) | How much of what you own is borrowed |
| Debt service | Total debt under 35% of income | Singapore's TDSR ceiling is 55% |
| Non-mortgage debt | Consumer debt under 15% of income | Keeps borrowing where it adds value |
| Solvency | Net worth above 50% of assets | How much is truly yours |
| Investments-to-net-worth | Over 50% in productive investments | Avoids over-concentration in property + CPF |
| Insurance coverage | 9x annual income for death and TPD (MoneySense) | Protects your family's income |
This calculator is a planning tool. It is not advice. CPF, tax, and insurance rules in Singapore are nuanced. For high-stakes decisions, run the specific calculators on this site or speak to a financial planner.
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?
MoneySense's Basic Financial Planning Guide suggests 9x annual income for death and total permanent disability cover, and 4x for critical illness. The DIME framework refines this: Debt + Income (years × annual) + Mortgage + Education for kids. The calculator's insurance ratio checks your coverage against 9x 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.
Keep exploring
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These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).