Answer 8 simple questions and get a personalized financial wellness score with actionable tips to improve your finances.
Financial health is a comprehensive measure of how well your money works for you. It goes beyond just your bank balance or monthly salary — it looks at the complete picture: your spending habits, savings rate, debt burden, insurance coverage, investment activity, and long-term financial planning. Think of it like a physical health check-up, but for your wallet.
For Indians, understanding financial health is particularly important. With rising costs of living in metro cities, increasing lifestyle inflation among young professionals, and the cultural pressure of large family expenses (weddings, education, medical emergencies), many households operate without a clear view of where they stand financially. According to a 2024 survey, over 70% of Indian households do not have an emergency fund that covers even 3 months of expenses. Many salaried professionals live paycheck to paycheck despite earning comfortable incomes.
Our calculator evaluates your financial wellness across four key dimensions: Spending (are you living within your means?), Savings (do you have an emergency fund and regular savings?), Protection (are you covered by health and life insurance?), and Planning (are you investing and planning for retirement?). Each dimension contributes to your overall score out of 100.
80-100 (Excellent): You have strong financial foundations. Your spending is well-controlled, you have adequate savings and insurance, and you are actively investing for the future. Keep up the good work and consider optimizing your tax-saving investments.
60-79 (Good): You are on the right track but have room for improvement. You may be missing an emergency fund, adequate insurance, or a structured investment plan. Focus on the areas flagged by the calculator.
40-59 (Fair): Your finances need attention. You may be spending close to or more than your income, carrying significant debt, or lacking basic financial protection. Start with building a 3-month emergency fund and reviewing your monthly budget.
Below 40 (Needs Improvement): Your financial health is at risk. Prioritize reducing high-interest debt, creating a basic budget, and getting essential insurance coverage. Small steps now can lead to big improvements over time. Consider using a budget calculator to create a spending plan.
Taking this quiz is the first step toward financial awareness. Whether you score high or low, the goal is to understand where you are today so you can make informed decisions about your money tomorrow. For more personal finance tips tailored to Indian users, visit our blog or explore the PaisaTrack Help Center.
Think about your typical month — are you spending less, equal, or more than what you earn?
As recommended by RBI, an emergency fund should cover 3-6 months of expenses.
This includes credit card bills, loan EMIs, utility bills, rent, and other recurring payments.
Think about EPF, PPF, NPS, mutual funds, or any long-term investments for retirement.
Consider health insurance, term life insurance, and vehicle insurance as per IRDAI recommendations.
Total monthly EMIs and debt payments as a percentage of your monthly income.
Do you feel in control of your money, or does it stress you out?
Do you have clear financial goals and a plan to achieve them?
