Financial Independence Score
27
โ ๏ธ Financially Fragile
Living on the edge โ one setback could cause serious hardship.
Investable Assets
$24,231
portfolio + retirement + planning
Years of Expenses Covered
0.1 yrs
at $37,516/mo current expenses
Emergency fund not configured โ set sources in
Planning โ Emergency Fund
๐จ Criticalโ ๏ธ Fragile๐ฑ Starting๐ต Stable๐ Building๐ Independent
Your score: 27/100
Cash Flow Trend ⚠ 12/13 months โ edit
| Metric | Last Month Avg | 3-mo Avg | 6-mo Avg |
|---|---|---|---|
| Income | +$42,276 | +$36,011 | +$39,483 |
| Expenses | +$49,234 | +$37,516 | +$38,368 |
| Net Savings | $6,957 | $1,504 | +$1,115 |
| Savings Rate | -16.5% | -4.2% | 2.8% |
| Debt Payments | $0 | $0 | $0 |
| Income (raw avg) | โ | $36,011 | $39,483 |
| Expenses (raw avg) | โ | $37,516 | $38,368 |
Score Components
Financial Resilience
3/35
CF: 0pt ยท EF: 0pt ยท Passive: 3pt
โ
Cash Flow
SR: -4.2%
โ
Emergency Buffer
None detected
โ
Passive Income
No passive income recorded
โ
Retirement Accounts
No RRSP/TFSA/LIRA/Non-Reg recorded
Debt Burden
15/15
Debt-to-income: 0.0%
FI Progress
3/25
0.1 yrs of expenses covered
โ
1-Year Buffer
$450,187 target ยท need $425,955 more
โ
5-Year Buffer
$2,250,934 target ยท need $2,226,703 more
โ
10-Year Buffer
$4,501,868 target ยท need $4,477,637 more
Protection (Insurance)
2/10
Coverage score: 25/100
โ
Life Insurance
Not recorded
โ
Disability Insurance
Not recorded
โ
Health / Dental
Not recorded (optional)
Income Diversification
4/10
4/10 income streams diversified
Estate Planning
0/5
No will ยท No life ins
Top Ways to Improve Your Score
- Create a will and ensure your insurance has up-to-date beneficiaries.
- Improve cash flow (savings rate 15-20%), establish an emergency fund, or add passive/invested income.
- Build toward 1-year, then 5-year, then 10-year expense buffers. Use the Scenarios tab to model how reducing expenses changes your timeline.
โก Smart Alerts
โ ๏ธ No life insurance detected. Your family would have no income protection if something happened to you.
โ ๏ธ No disability insurance. 1-in-3 Canadians are disabled for 90+ days before age 65 โ your income is at risk.
โ ๏ธ Emergency fund covers only 0.0 months of expenses. Target: 3โ6 months of liquid savings.
โ ๏ธ Savings rate is -4.2% โ below the recommended 15โ20%. Review expenses to find savings opportunities.
๐ก No RRSP/TFSA contributions detected. Even small monthly contributions grow significantly over time.
๐ก No will detected. Without a will, provincial rules decide who gets your assets โ often not what you'd choose.
๐ก No travel insurance on file. Medical emergencies abroad can cost $50,000+.
Net Worth Breakdown
Monthly Cash Flow
๐ธ Spending Breakdown
Total recorded:
$842,682
Click any row to see the source transactions โ then exclude or override the amount and save.
