Financial Independence Score
17
๐จ Critical Risk
Urgent action needed โ financial stability is at risk.
๐จ Criticalโ ๏ธ Fragile๐ฑ Starting๐ต Stable๐ Building๐ Independent
Your score: 17/100
No budget transactions yet โ add transactions in Budget to see rolling averages, or
manually set values in Data Sources.
| Metric | Planning Estimate |
|---|
| Income | $0/mo |
| Expenses | $0/mo |
| Net Savings | $0/mo |
| Savings Rate | 0.0% |
| Debt Payments | $0/mo |
Score Components
Financial Resilience
0/35
CF: 0pt ยท EF: 0pt ยท Passive: 0pt
โ
Cash Flow
SR: 0.0%
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
0/25
No expense data
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
0/10
0/10 income streams diversified
Estate Planning
0/5
No will ยท No life ins
Top Ways to Improve Your Score
- 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.
- Add a passive income stream โ dividend ETFs, rental income, or a side business.
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 0.0% 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+.
๐ธ Spending Breakdown
Total recorded: $0
๐
No spending transactions recorded yet.
Import your bank or credit card statements in the Budget module to see your category breakdown here.
โ Open Family Budget