Have you ever thought about how financially “fit” you are? Forget about hitting the gym and focus on your finances instead! The secret to being financially healthy isn’t about breaking a sweat; it’s all about being smart with your money. Check out Economictimes Wealth Financial Fitness Calculator, a simple tool that helps evaluate your financial situation and find ways to get better.
ET Year-end Special Reads
8 inputs are needed that are given below. We already have some and some have to be taken into account
1. Current Age: Your age plays a key role in planning for your future.
2. Primary Monthly Income: Your main source of income sets the foundation.
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3. Total Monthly Income: Include all income sources for a complete picture.
4. Monthly Savings: How much are you setting aside for future goals?
5. Monthly Expense: Track your essential and discretionary spending.
6. Total Monthly EMIs: Factor in any loan payments you’re making.
7. Current Emergency Corpus: How prepared are you for unexpected expenses?
8. Current Net Worth: Calculate your assets minus liabilities.
