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Chapter 7

Make it a habit

Build habits that keep your plan going, even when life changes.

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Step 4 of 6

Your financial health scorecard

Financial planners use a few simple ratios to check a household's financial health. Fill this in today, then again every 6 months to see your progress.

Is your debt ratio lower than last year?

Do you have PhilHealth plus an HMO or critical illness coverage?

Do you invest something every month for 5+ year goals?

  • Savings rate

    Healthy: at least 10%, aim for 20%

    Add

  • Emergency fund

    Healthy: 3 to 6 months

    Add

  • Debt payments

    Healthy: under 20% of take-home pay

    Add

  • Net worth

    Healthy: positive, and growing

    Add

  • Debt ratio

    Healthy: lower every year

    Add

  • Life insurance

    Healthy: 100% if anyone depends on you

    Add

  • Health coverage

    Healthy: PhilHealth plus HMO or critical illness

    Add

  • Long-term investing

    Healthy: something every month, even ₱500

    Add

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Fill in your numbers to see your score.

These ranges are common planning guidelines, not rules. Your own situation may call for different targets.

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