How to do a Financial Health Check in 10 Minutes? Step-by-Step Guide 2026

Summary: 

• A financial health check reviews your income, savings, debt, insurance, and financial goals.  

• Such an assessment can identify areas that need your attention and improve your financial position.  

• airpay money helps you get a detailed financial health report in under 10 minutes right on your phone. 

• You get a free instant report with a financial health score + insights represented visually through graphs, bar charts, pie charts, and Risko meters. 

A financial health check is a detailed assessment of your current financial position. Such an analysis covers multiple aspects, such as income, expenses, savings, investments, insurance coverage, debts, and future goals.  

Okay, but what’s the purpose? It is to: 

• Identify gaps between income, expenses, and savings 

• Assess the adequacy of your insurance coverage 

• Evaluate your debt levels and repayment capacity 

• Spot areas where improvements are needed 

On the airpay money website and app, an online financial health check can be completed in under 10 minutes at zero charges. 

Want to learn how? 

Check out the step-by-step guide.  

How to Do a Financial Health Check in Under 10 Minutes on airpay money? The 5-Step Process! 

Firstly, visit the airpay money website or app and click on the “Financial Health Check” option. A pop-up will appear prompting you to enter your mobile number. Once entered, verify using the OTP sent to your phone. After successful verification, you can proceed with the step-by-step financial health assessment as follows: 

Step 1: Enter Personal Details 

Start by filling in your basic profile information, such as: 

• Name 

• Date of birth 

• Gender  

• Number of dependants such as spouse, children, or parents, and 

• Pin code, city, and state.  

Step 2: Add Income and Expense Details 

Provide your net monthly income and total household expenses (excluding insurance premiums and loan EMIs). Next, answer in a “Yes” or “No” whether you have any ongoing loans.  

If you select “Yes”, an option to “Add Loan Details” will be visible. Click on it to enter the loan information.  

Step 3: Update Insurance Information 

In this step, you have to indicate whether you currently hold any health or term insurance policy. Upon clicking on “Yes”, a form will appear where you have to enter your: 

• Annual health insurance premium and 

• Total Sum Assured 

This information allows airpay money to identify whether you are adequately covered or if there may be gaps in your safety net. 

Step 4: Input Savings and Investment Details 

Enter your total bank balance across all accounts to reflect your current savings position. Next, click on “Add Investment” to open a form where you enter your: 

• Investment Type 

• Current Value 

• Monthly Deposit Amount 

The available “investment types” you can select from are Mutual Funds (Lumpsum and SIP), Recurring Deposits (RD), Fixed Deposits (FD), Public Provident Fund (PPF), National Pension System (NPS), Gold & Jewellery, and Property.   

Step 5: Assess Your Risk Profile 

This is the last step in which airpay money determines your risk appetite through a set of 8 questions. These are: 

Once all these questions are answered, your “investor type”, such as conservative, balanced, or aggressive, is identified. 

Now, click on “Next” to confirm your investor type. After that, proceed further to check the “summary of all the details” provided by you. Lastly, click on “Finish” and check your generated financial health report.  

What Does the Financial Health Report Show? 

The generated financial health report is a snapshot of where you stand and what needs attention. Firstly, it displays your “financial health score” (on a scale of 5) and indicates: 

• Whether your insurance cover is adequate 

• Your “emergency readiness” and whether you can handle unexpected expenses 

• How well you are managing loans and liabilities 

• Your ability to save based on income vs. expense analysis 

• Whether your portfolio matches your risk level 

• How prepared are you for long-term goals, like retirement 

All these insights are represented “visually” through graphs, bar charts, pie charts, and risk profiling. 

Conclusion 

So now you know what a financial health check is and how to perform it online in under 10 minutes. Such an assessment can be carried out for free on the airpay money website and app. All you have to do is enter a few basic details to instantly receive your financial health score along with a detailed report.  

Beyond this, airpay money also offers other useful utilities, such as Crorepati Calculator, SIP Calculator, Buy vs Rent Calculator, and more for free. We are a 360-degree financial wellness platform trusted by 1,00,000+ users.