Are you Financially Healthy?

Do you want to know how financially healthy you are?

Take Quiz

1. Which of the following describes how you earn your income?

Formal employment with monthly salary


Informal employment with daily or weekly payment


Business Owner




Dependent with allowances from benefactor


1 / 21

2. Do your expenses exceed your income?





Most times




2 / 21

3. In the last 6 months how many times have your expenses exceeded your income?





2 - 4 


Above 4


3 / 21

4. How do you make ends meet when expenses exceed your income?

Reduce costs


Use savings


Borrow from friends and family


Delay payments


Borrow from bank, sacco, MFI, financial institution


Take goods on credit from shop


Borrow from mobile lenders e.g. M-Shwari, Branch, Tala


4 / 21

5. Do you pay your bills on time?





Most times




5 / 21

6. Do you save?





Most times




6 / 21

7. How do you save?

I include savings in my budget


I only save what is left over after expenses


I only save when I have an unexpected windfall e.g. bonus or commissions


All the above




7 / 21

8. What do you save for?

Future expenses e.g. school fees, uniforms, car service, dowry, wedding, etc


Unexpected occurrences e.g. sickness, death, accidents, increase in prices, etc.


Investments e.g. land, house, further education, new business/side hustle etc.


Emergency fund e.g. loss of employment, disability, etc.




Leisure activities e.g. holidays, gifts, etc.


8 / 21

9. Where do you save the bulk of your money?

My transactional bank account


My savings account i.e. separate your savings from your operating account


Mobile money account e.g. M-Shwari, Airtel Money, M-Pesa


Fixed deposit account


Unit trust


Treasury bills


Other financial instruments


Purchasing assets e.g. livestock, land, etc.




9 / 21

10. If you were to lose your source of income today how long would your emergency fund last without having to sell assets?

Less than a month


1 - 2 months


3 - 6 months


7 - 12 months


Over an year


10 / 21

11. What do you borrow money for?

Consumption i.e. to make ends meet


School fees




Working capital




Property i.e. land, construction/renovation, etc


Medical care


Leisure activities


Car loan (not for investment)


11 / 21

12. What percentage of your income do you spend repaying loans? (total amount paid for loans/total income)



Less than 20%


21% - 50%


50% - 70%


Above 70%


12 / 21

13. Do you pay your loan on time?





Most times




13 / 21

14. How do you make credit card payments?

Don’t have a credit card


100% payment when bill is due


Minimum amount payment when bill is due


Minimum amount + some amount but not full payment when bill is due


14 / 21

15. Do you find yourself borrowing to repay other loans?





Most times




15 / 21

16. Which of the following represents your primary financial goal?

To make ends meet every month with a surplus


To be debt-free/ to have manageable debt


To save enough to have money when income is inconsistent


To retire comfortably


To open a new business


To invest


To improve my quality of life


To pay school fees


To have an emergency fund that covers financial shocks and/or loss of income


16 / 21

17. Do you have a plan to achieve your goal i.e. articulate goal, milestones towards achieving goal and actively track progress?





17 / 21

18. Do you always stick to your budget?





Most times




18 / 21

19. Do you have any of the following insurance?

Medical insurance (not paid for by employer)


Medical insurance (paid by employer)


Life insurance


Disability insurance


Property insurance






19 / 21

20. Which insurance do you have for your car?

Don't have a car


Third party insurance


Third party with top - up


Comprehensive insurance


20 / 21

21. Which of the following does a credit score mainly indicate?

Knowledge of consumer credit


Attitude toward consumer credit


Amount of consumer debt


Risk of not repaying the loan


Financial resources to pay back the loan


21 / 21

You scored a -66

Very Unhealthy

This is not clearly not good. But don't worry. The first step towards achieving financial health is knowing where you are. Financial health is about meeting your expenses, planning for the future and taking charge of your financial goals. You need to adjust your spend, save, borrow and plan habits in order to improve your performance. Start by creating a budget and definitely seek assistance from someone with financial knowledge.

You scored a 0

Fairly Unhealthy

This means we can do with some improvement. The key considerations in improving your financial health are;

1. Spend less than income
2. Pay bills on time and in full
3. Have sufficient living expenses in liquid savings
4. Have sufficient long term savings or assets
5. A sustainable debt load
6. Ease of accessing additional credit
7. Use of appropriate financial instruments including insurance

8. Plan ahead for expenses

You scored a 51


Well done! You are on the right track to achieving financial health. Look at your spend, save, borrow and plan habits to see how you can improve. List your financial goals and articulate clear actions that will enable you achieve them.

You scored a 96

Perfectly Healthy

Congratulations!!!! You are perfectly healthy. Your spend, save, borrow and plan habits ensure that you make your ends meet and can absorb financial shocks without pressure. You also take your planning seriously and follow up on your goals to ensure they are achieved. Keep it up!