Financial Health Check

Similar to regular medical check-ups, conducting a financial health check-up can offer valuable insights into your overall economic well-being, helping you make prudent decisions to secure your future. Here are some questions that will be helpful:

  • What is your savings ratio now? Are you a spender or a saver?
  • How should you allocation your income and savings?
  • Are you prepared for unexpected events? Do you have an emergency fund? How much is enough?
  • What is your net worth? Is it positive or negative?
  • Do you have everything you need in life? How about the things you want?
  • Is the amount of loan you have considered healthy?
  • Are you actively saving for retirement? Do you feel you’re on track to meet your long-term goal?
  • Do you have enough insurance coverage, whether it be health or life?

Answering these questions will provide you with an overview of your current financial health status.

Disclaimer: The content above, including all information, opinions, and interactive elements, was created by the individual financial consultant. The views expressed are the consultant’s own and do not necessarily reflect the official policy or position of Financial Alliance. Financial Alliance does not guarantee the accuracy or completeness of this content and is not responsible for any errors or omissions. If you believe any information is inaccurate or have other feedback regarding this content, please contact us at feedback@fa.com.sg.

Readers should seek independent, unbiased financial advice that is customised to their specific financial objectives, situation, and needs. This publication has not been reviewed by the Monetary Authority of Singapore.

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