Find your Rx for Financial Health
Financial health doesn't happen overnight, but the first step is understanding where you stand today.
Answer the following questions to better understand your current financial condition. Then get your prescription for financial health—things you can do to improve it.
Step 1 of 6
About You
First, tell us a little bit about yourself so we can best help you.
Have questions about any of these terms? Check out our glossary for more information.
Step 2 of 6
Your Income
Your income is the money you have coming in. It’s what you use to pay for your living expenses, debts, and save for your goals.
Have questions about any of these terms? Check out our glossary for more information.
Step 3 of 6
Your Savings
Savings is the money you set aside from your income. You could be saving for emergencies, the holidays, retirement, or some other goal.
Have questions about any of these terms? Check out our glossary for more information.
Step 4 of 6
Your Monthly Expenses
Monthly expenses are your regular living expenses. They include housing, utilities, transportation, food, childcare, health care, and more.
Have questions about any of these terms? Check out our glossary for more information.
Step 5 of 6
Your Debt
Debt is money you owe because you have borrowed it. This could be payments on your car, your home (if you own it), credit cards, student loans, or money borrowed from a friend.
Have questions about any of these terms? Check out our glossary for more information.
Step 6 of 6
Results
Learn where you stand, where you’re strong, and where you financial health could use some extra care and how to provide it.
Congratulations! Based on the information you provided, your financial health is excellent! You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending less than you earn and the amount of money you dedicate to housing and transportation is sustainable. Finally, you are not tying up too much of your income with debt.
Keep doing what you are doing. If you can, dedicate even more of your income to savings to reach your goals faster.
Based on the information you provided, your financial health would be improved by saving more of your income. To do this, you will need to spend less than you earn and pay down some of your debt. Finally, you may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, your financial health needs some improvement. You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. But, your financial health would be improved by spending less than you earn and paying down some of your debt. Finally, you may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good, but could use some strengthening. You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending less than you earn, which is a foundation for financial health. To improve your financial health, you may want to pay down some of your debt. Right now, debt is putting too much pressure on your budget. Finally, you may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good! You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending less than you earn, which is a foundation for financial health. The amount of money you dedicate to housing and transportation is sustainable. To improve your financial health, you may want to pay down some of your debt. Right now, debt is putting too much pressure on your budget.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, you are on the right track, but your financial health could use some strengthening. You are spending less than you earn, which is great. This is a foundation for financial health. But, your financial health would be improved by paying down some of your debt. Right now, debt is putting too much pressure on your budget. You may also want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet. Paying down your debt and reducing your expenses may help to free up more of your income for savings. If you are not saving anything, start with a small amount—set aside $5 or $10 from your income every week to start building an emergency savings fund. .
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good! You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending less than you earn, which is a foundation for financial health. And right now, you are not spending too much of your income on debt. You may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good, but could use some strengthening. You are not spending too much of your income on debt. Your spending on housing and transportation is below 45% of your income—this is a healthy amount to be spending. Your financial health would be improved by spending less than you earn. This is the foundation for financial health. Once you are spending less than you earn, consider saving for emergencies and for your longer-term goals. Ideally, you want to set aside at least 20% of your income for savings. If you haven’t saved before, start with a small amount—$5 or $10 from your income every week can build an emergency savings fund over time.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good, but could use some strengthening. You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. And right now, you are not spending too much of your income on debt. Your financial health would be improved by spending less than you earn. This is the foundation for financial health. You may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good, but could use a little strengthening. You are spending less than you earn and the amount of money you dedicate to housing and transportation is sustainable. And, you are not tying up too much of your income with debt. You financial health would be improved by increasing your savings. Ideally, you want to set aside at least 20% of your income for savings. If you haven’t saved before, start with a small amount—$5 or $10 from your income every week can build an emergency savings fund over time.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, you are on the right track, but your financial health could use some strengthening. The amount of money you dedicate to housing and transportation is sustainable, but you are spending more than you earn and tying up too much of your money with debt. Reducing your expenses may be able to help you pay down your debt as well as begin saving for emergencies and your longer-term goals. If you haven’t saved before, start with a small amount—$5 or $10 from your income every week can build an emergency savings fund over time.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good, but could use some strengthening! You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. And, the amount of money you dedicate to housing and transportation is sustainable. But, you are spending more than you earn and tying up too much of your money with debt. Reducing your expenses may be able to help you pay down your debt faster, freeing up more of your income for savings.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Congratulations! Based on the information you provided, your financial health is good! You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending less than you earn and you are not tying up too much of your income with debt. But, you may want to look at the amount you are spending on housing and transportation. Together, these expenses should be below 45% of your income. Spending more than 45% on housing and transportation can make it hard to make ends meet.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, your financial health is good, but could use some strengthening. You are spending less than you earn and the amount of money you dedicate to housing and transportation is sustainable. But, you are tying up too much of your income with debt. You may want to look at your budget to see if there are areas that could be reduced, allowing you to pay down your debt faster and free up more of your income for savings. If you haven’t saved before, start with a small amount—$5 or $10 from your income every week can build an emergency savings fund over time.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, your financial health could use some strengthening. You are not tying up too much of your income with debt, but you are spending more than you earn, which may be caused by the high percentage of your income spent on housing and transportation. Reducing this amount may help you free up more of your income for savings. If you haven’t saved before, start with a small amount—$5 or $10 from your income every week can build an emergency savings fund over time.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Based on the information you provided, your financial health is good but could use some strengthening. You are saving at least 20% of your income, which means you are ready for financial emergencies and probably saving for your goals. You are spending more than you earn, but not tying up too much of your income in housing, transportation, or debt. You may want to look at the amount you are spending on other expenses, such as food, childcare, or medical. Reducing those expenses could free up more of your income for savings.
With some small steps today and a longer-term plan, you can make changes that will improve your financial health!
Credit Score Information
Remember to check your credit. Your credit reports and/or scores may be used to evaluate you for loans, credit cards, bank accounts, apartments, insurance, utilities, cell phone plans, and jobs.
Your credit scores are based on the information in your credit reports. So, get and review your credit reports. Fix any errors. Make a plan to improve or build your credit.
You will be less likely to be denied a product, service or job with positive credit reports and higher scores. You will pay less in interest, fees, and security deposits, too.
Have questions about any of these terms? Check out our glossary for more information.