Systems and methods for determining a financial health indicator

An apparatus for providing a financial health indicator, the apparatus comprising:

• a computer platform including at least one processor and a memory;
• and
• a budget module stored in the memory, executable by the processor and configured to constantly monitor expenditures, as they occur, for users, wherein the budget module comprises:
• a target budget allocation determiner routine configured to determine a target budget allocation for a user based on a current budget allocation of the user and responses to a budget profile questionnaire, and
• a financial health indicator routine operable to constantly monitor both a credit report score associated with the user and a budget savings amount associated with the user, determine a financial health indicator for the user based on the credit report score and the budget savings amount and initiate electronic communication of the financial health indicator to the user,
• wherein the budget savings amount reflects expenditures, as they occur, made by the user compared to the target budget allocation, and
• wherein the financial health indicator is configured to fluctuate in real-time based on at least one of a change to the credit report score and a change to the budget savings amount.

A non-transitory computer-readable medium comprising:

• a first set of codes for causing a computer to determine a target budget allocation for a user based on a current budget allocation of the user and responses to a budget profile questionnaire;
• a second set of codes for causing a computer to constantly monitor a credit report score associated with the user;
• a third set of codes for causing a computer to constantly monitor a budget savings amount associated with the user, wherein the budget savings amount reflects expenditures, as they occur, made by the user compared to the target budget allocation;
• a fourth set of codes for causing a computer to determine a financial health indicator for the user based on the credit report score and the budget savings amount,
• wherein the financial health indicator is configured to fluctuate in real-time based on at least one of a change to the credit report score and a change to the budget savings amount;
• and
• a fifth set of codes for causing a computer to communicate, electronically, the financial health indicator to the user.