Are you spending too much? Time for a reality check on financial immunity

Reduce leverage, enhance insurance coverage and size of contingency fund to improve score

In a year marred by the pandemic and consequent job losses and reduction in income, the two leading online retailers managed to clock sales worth a massive $3.5 billion within four days of their respective festive events.

Financial advisors say people may have splurged beyond their capacity. If you wish to do a quick check on how your family’s financial situation, turn to the Financial Immunity Calculator launched by SBI Life Insurance. This is a free tool available on its website.

What the score tells you: A recent survey carried out by SBI Life, in association with Nielsen, showed that over 50