Do-It-Yourself FINANCIAL HEALTH CHECK

GENERAL INFO
Your name
Your present age

Name Here

Child 1

Civil status
Age of your spouse/partn

Child 2

Child 3

Child 4

Child 5

Ages of children under 18, if any
No. of years before retirement
Your total life insurance coverage, if any
Your total healthcare coverage, if any

years
-

Partner's life insurance c
Partner's healthcare cov

INCOME & EXPENSE

ASSETS, LIABILITIES &

Your net monthly income
No. of months income
Your partner's net monthly income
No. of months income
Total Monthly Net Income / Cash In

months
months
-

Monthly Household and other expenses
Monthly Savings/Investment
Monthly Loan Payments
Total Monthly Expenses / Cash Out
Monthly Excess Cash

Developed
Developed for
for your
your convenience
convenience by:
by:
®
ALVIN
ALVIN T.
T. TABAÑAG,
TABAÑAG, RFP
RFP®

President,
President, Chief
Chief Financial
Financial Advisor
Advisor &
& Author
Author
MoneyWise
MoneyWise Center
Center for
for Financial
Financial Planning
Planning
"Smart
"Smart planning
planning for
for aa secure
secure future"
future"
Mobile
Mobile (+63
(+63 917
917 502-3149),
502-3149), Email:
Email:
alvintabz@yahoo.com
alvintabz@yahoo.com
Follow
Follow in
in Facebook:
Facebook:
www.facebook.com/alvin.tabanag
www.facebook.com/alvin.tabanag

Assets - Real Properties
Assets - Other Propertie
Assets - Savings/Investm
Assets - Insurance cash

Liabilities - Real Estate L
Liabilities - Car, Salary a
Liabilities - Unpaid credit
-

0

EALTH CHECK

This is a TEST VERSION!
It will DEACTIVATE on 9/30/2016

Civil status
Age of your spouse/partner, if any

Married

Partner's life insurance coverage, if any
Partner's healthcare coverage, if any

-

ASSETS, LIABILITIES & NET WORTH
Assets - Real Properties
Assets - Other Properties
Assets - Savings/Investments
Assets - Insurance cash/account value
Total Assets

Liabilities - Real Estate Loan
Liabilities - Car, Salary and Other Loans
Liabilities - Unpaid credit card balance

-

-

Total Liabilities

-

Net Worth

-

Debt load Less than 5% 5% to 15% 15% to 36% 36% to 45% Over 45% From To Debt Burden 0 0 0 0 0 0 0 0 0 - Minimal Light Moderate Heavy Very Heavy Insurance Coverage The ideal insurance coverage is 5-10x your annual income. It is calculated as the % of your monthly income that you use to pay off debts. Savings Rate The ideal amount to save monthly is 10-20% of your monthly income. You Partner . Debt Load The debt load indicates the level of burden of your debt payments.FINANCIAL HEALTH CHECK RESULTS Emergency Fund The ideal amount of emergency fund is 3 to 6x your monthly expenses.

College Education Fund1 Assumptions: Current tuition fee Rate of increase in tuition fee No. Your coverage Your partner's coverage Ideal Range From To - Current Coverage - Shortage - Sufficient Sufficient You Healthcare Coverage Partner Treating a critical or major illness is expensive and may cost P1 Million or more! Liquidity Liquidity measures the proportion of your assets that are in cash or easily convertible to cash. A low liquidity can pose some problems if you need a large amount of cash.000 5% 4 10% 6% 50% Child 1 Current age Years from college Total required college fund per year per year years per year (see calculation below) per year Child 2 - Child 3 - Child 4 - - . of years in college Rate of return (before college) Rate of return (college years) Available savings/investments % Allocated to education fund Amount allocated to education fund Not Applicable 150.Generally. the required insurance coverage goes down as one gets older.

monthly - Current monthly savings/investments Monthly excess cash - years (see calculation below) years per year per year per year Sufficient! Education fund and retirement fund calculations were done independent of each other.monthly - Current monthly savings/investments Monthly excess cash 0 Sufficient! RETIREMENT FUND 1 Not Applicable Assumptions: Years from Retirement Current monthly expenses % Retirement expenses Monthly retirement expenses Retirement period Inflation rate Rate of return (prior to retirement) Rate of return (during retirement) Available savings/investments % Allocated to retirement fund Amount allocated to retirement fund 1 80% 15 3% 8% 6% 50% - Required retirement fund Future value of allocation Gap in retirement fund - Required savings .monthly - - - - Total required savings .annual Required savings .annual Total required savings .annual Required savings . increasing the amount you save for your retirement fund will reduce the amount you can save for your education fund and vice versa. in actual practice. . any change in one financial area will impact other areas. However.Future value of allocation Gap in college education fund - - - - Required savings . For example.

com/alvin.com alvintabz@yahoo. RFP RFP® President.facebook. 502-3149). TABAÑAG. assistance.This is a TEST VERSION! It will DEACTIVATE on 9/30/2016 SUMMARY OF RESULTS Financial Measure Findings Emergency Fund Savings Rate Debt Load Your Insurance Coverage Partner's Insurance Coverage Your Healthcare Coverage Partner's Healthcare Coverage Liquidity College Education Fund1 Retirement Fund1 Not Applicable Not Applicable For For financial financial planning planning questions questions or or assistance.facebook. President.tabanag www. T. TABAÑAG.com Follow Follow in in Facebook: Facebook: www. Chief Chief Financial Financial Advisor Advisor & & Author Author MoneyWise MoneyWise Center Center for for Financial Financial Planning Planning "Smart "Smart planning planning for for aa secure secure future" future" Mobile Mobile (+63 (+63 917 917 502-3149).com/alvin. contact: contact: ® ALVIN ALVIN T. Email: Email: alvintabz@yahoo.tabanag .

Applicable culation below) Child 5 - .

Applicable culation below) ual practice. any your retirement fund - .

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Now 9/22/2016 .