A quick look at the basics of your finances: income and spending, saving, an emergency fund, on-time payments, debt and insurance.
| Check | Why it matters |
|---|---|
| I know my monthly income and spending | The starting point of any plan. |
| I save something every month | Regular saving builds over time. |
| I have an emergency fund | So a sudden expense does not become new debt. |
| I pay all bills and EMIs on time | Late payments cost fees and can appear in your credit report. |
| I know what share of my income goes to debt payments | Shows whether there is room for more credit. |
| I have health and, if others depend on me, life insurance | Protects your savings and your family. |
| I have written goals with amounts and dates | Makes it possible to plan the saving needed. |
A self-check only: Finobazaar does not calculate a score or rating from it, and nothing is saved.
Related
- Budgeting, saving and an emergency fundTracking income and spending, saving first, building an emergency fund and planning for goals.
- Managing debt: repayment order, consolidation and your debt-to-income ratioListing your debts, the snowball and avalanche orders, when consolidation may help, and when to talk to your lender.
- Monthly budget plannerAdd up income, expenses, debt payments and savings to see what is left each month and your savings rate.
- Emergency fund calculatorWork out an emergency fund target from your essential expenses, how many months you are covered now, and how long the rest may take.
- Savings goal plannerFind the monthly saving needed to reach a goal by a date, with or without an assumed return.