Financial Ratios
Monthly Net Income?
How much do you save per month in savings, 401K, and other retirement accounts?
How much do you have in your checking and savings accounts? (Liquid Assets)
Monthly Expenses
Monthly Debt Payments?
Monthly Mortgage/Rent Payments
How much do you have in savings accounts, checking accounts, money market accounts, and retirement savings? (Total Assets)
How much money do you owe on your home, car/motorcycle, student loans, and credit cards? (Total Liabilities)
How much do you owe on credit cards and other short term loans that will be paid off within a year? (Current Liabilities)
How much do you have in investment accounts?
How much do you earn a year (gross before taxes)?
How old are you currently?
Financial Ratios Section
Savings Ratio
Monthly Savings / Monthly Net Income
GOAL: 20% or HIGHER.
Emergency Fund Ratio
Total Liquid Assets / Monthly Expenses
GOAL: 3-6 Months or HIGHER.
Debt to Income Ratio
Total Monthly Debt Payments / Monthly Net Income
GOAL: 36% or BELOW.
Housing Ratio
Mortgage or Rent Monthly Cost / Monthly Net Income
GOAL: 28% or BELOW.
Net Worth Ratio
Total Assets - Total Liabilities
GOAL: POSITIVE number; not Negative.
Liquidity Ratio
Liquid Assets / Current Liabilities
GOAL: 1.0 or HIGHER.
Investment Assets to Gross Income Ratio
Investment Assets / Gross Annual Income
GOAL: 1X by age 30
GOAL: 3X by age 40
GOAL: 5X by age 50
GOAL: 10X by age 60
Total Financial Health Score
Disclaimer: Workforce 2080 does not store any data from these transactions; all information provided to you is 100% client-side; no uploads to a server or storing of your data on a server.
