How much money should I be saving every month? скачать в хорошем качестве

How much money should I be saving every month?

Nick asked, "How do I calculate how much I should save every month?" Great question Nick! The "standard" answer is 20% but the experts are bundling all types of savings into one number. Retirement, emergency fund, and any other savings/investment accounts you are funding. I like to approach my retirement savings and other savings separately just to make specific goals for each. Definitely take advantage of any "free money" that you can if your employer offers a matching contribution to your 401k or any other retirement account they may offer. (TSP is the 401k equivalent for government employees) Your savings goals will be individual, but I say aim for the stars! Save as much as you can right now, whether that is more or less than 20% and then set goals to increase your savings rate over time. Getting started is the MOST important thing. Don't let indecision stop you. Even if you have only a checking account with your bank, just get yourself started with a basic savings account. Online banks will offer higher interest rates typically. You can check current rates at www.bankrate.com or check individual websites if you already know one or two companies you prefer to bank with. Start where you are and aim for the stars! You will reach your goals before you know it...and then you will just set new goals! Until next time, please remember: Be thrifty, be kind, and hug the ones you love ❤