Financial Health Check

The Financial Health Check calculates an overall score based on four key indicators: savings rate, housing cost ratio, fixed expense ratio, and food cost ratio. Each indicator is evaluated against the recommended ratio from general financial planning guidelines. Improvement suggestions are provided alongside the score, so focus on understanding the balance of your overall spending structure rather than fixating on the number alone.

Savings rate decreases when fixed expenses (housing, insurance, subscriptions) take a large share of take-home pay, or when discretionary spending (hobbies, dining, clothing) is excessive. Reducing housing costs is generally the most impactful lever for improving savings rate. The recommended approach is to audit fixed expenses first, then make incremental adjustments to variable spending.

The score is the combined result of evaluating four items — savings rate, housing costs, fixed expenses, and food costs. A score of 90 or above indicates a very healthy financial structure; 75–89 is good but has room for improvement; below 60 means your spending structure needs review. Rather than focusing on the overall score alone, identify which items scored lower and prioritize improvements in those areas.

Yes. Entering just your main fixed items — housing, food, transport, and telecom — is enough for a basic diagnosis. You don't need to fill in every category; any field left blank is treated as disposable income. To improve diagnostic accuracy, reviewing your card statements or bank transaction history to identify actual spending by category is the recommended approach.

No. This tool is a reference diagnosis based on general financial ratio guidelines. For accurate financial planning, consult a certified financial planner.

The savings rate needed for retirement varies widely by age, target retirement date, and expected living costs. General financial planning principles emphasize maintaining a consistently high savings-to-income ratio and stress that starting earlier is significantly more advantageous due to compound interest. A practical framework is to first understand your expected income from the National Pension, occupational pension, and personal pension schemes, then supplement any shortfall with personal savings.

The four check cards — savings rate, housing cost, fixed expenses, and food — each carry different weights in the grade score. The savings rate card has the largest share of the overall score, so adjusting the savings item on the slider triggers the fastest change in the grade card (A+ through D). The housing cost card drops sharply when the income ratio exceeds the threshold, so check how the gauge responds when you adjust the housing slider first.

In Korea, certified financial planners (CFP) can be found through the Financial Planning Association of Korea (FPAK) and the Korea FP Association. The Korea Inclusive Finance Agency and regional financial support centers offer free financial counseling services. Banks, securities firms, and insurers also provide wealth management consultations, though it is worth checking whether advice is tied to product sales. Choosing an independent, fee-only financial planner generally provides more impartial guidance.