How much money or percent is a good amount to put aside for saving per month?

  1. Webskitzo profile image58
    Webskitzoposted 7 years ago

    How much money or percent is a good amount to put aside for saving per month?

  2. Scrapaholic profile image78
    Scrapaholicposted 7 years ago

    A good starting percentage for a beginner saver is 5%-10% of net income. If you make $2,000/month, that means you are only putting $100 - $200 aside every month. However, there are many "super savers" who try very hard to save around 25% of their net income. It is pretty difficult to do this, and depending on your wage/salary, may not be possible. Set a goal, commit to it, and evaluate frequently. If you think you can save a more with a little effort, do it! Best of luck!

  3. sid_candid profile image60
    sid_candidposted 7 years ago

    Saving money should be an essential part of your overall financial planning. You should try to save at least 20% of your net income. So if you are earning $2000 you can try to save a minimum of $400. This may sound a bit difficult but is possible. This will ensue that you have enough money when you need them in future.

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