Disclaimer: If you haven't checked your financial score yet, we recommend you to download the Wizely app & get a FREE score report now:
If you are still unsure about what is a financial score and how it is calculated, then we suggest you check out these blogs first:
What is a Financial Wellness Score?
Credit Score vs Financial Score - How Are They Calculated?
Now that you know how your financial score is calculated, we want to help you understand why your financial score is important for your overall financial well-being:
- Your financial score is a measure of your overall financial behaviour - how much you save versus how much you spend.
- It tells you the steps you need to take to improve your financial well-being - Do you follow a monthly budget? Do you adhere to your budgets?
- It helps you be prepared for financial emergencies - how much should you contribute towards your emergency fund.
- It helps you pay back your debt - Are you paying back all your EMIs on time?
- It helps you plan your finances for the long-term - Do you have a retirement plan?
And the best part - with Wizely, you are rewarded for improving your financial score! Just follow the recommendations suggested on the Wizely app, increase your financial score and win rewards.
What are you waiting for then? Download the Wizely app now and win rewards now!
Follow our 'Financial Score vs Credit Score' Blog Series:
Credit Scores Don't Measure Your Financial Health - Here's Why
Credit Score vs Financial Score - How Are They Calculated?
