Financial Independence Score
33
โ ๏ธ Financially Fragile
Living on the edge โ one setback could cause serious hardship.
Emergency fund not configured โ set sources in
Planning โ Emergency Fund
๐จ Criticalโ ๏ธ Fragile๐ฑ Starting๐ต Stable๐ Building๐ Independent
Your score: 33/100
Cash Flow (Planning Estimates)
โ edit
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
12/35
CF: 0pt ยท EF: 0pt ยท Passive: 12pt
โ
Cash Flow
SR: 0.0%
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Emergency Buffer
None detected
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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
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Life Insurance
Not recorded
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Disability Insurance
Not recorded
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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
- Build toward 1-year, then 5-year, then 10-year expense buffers. Use the Scenarios tab to model how reducing expenses changes your timeline.
- Create a will and ensure your insurance has up-to-date beneficiaries.
- Fill insurance gaps โ especially life and disability. If you have coverage not yet recorded, use the Insurance Overrides in Settings to mark types as covered.
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.
๐ก No dedicated emergency fund configured. Your TFSA/investable accounts ($41,313) provide 41313+ months of indirect coverage. Mark a TFSA as an EF source in Planning โ Emergency Fund for accurate tracking.
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+.
Net Worth Breakdown
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
Import your bank or credit card statements in the Budget module to see your category breakdown here.
Groceries
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Dining & Food
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Transport
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Shopping
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Healthcare
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Utilities
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