How Much Of Your Income Should You Save Every Month
Download our app to set your savings goals and ensure you stay in-tune with your progress. If you budget properly you can spend 30 of your monthly income on wants. How Much Money Should You Save Each Month Savingspinay At least 20 of your income should go towards savings. How much of your income should you save every month . You will discover how much more you can save when you are debt-free. At least 20 of your income should go towards savings. So if you make 2500 per month you would want to save at least 250 to 375 per month for retirement if possible. Most experts recommend saving at least 20 of your income each month. What Percentage of My Income Should I Save Each Month. It suggests savers should put 50 of their after-tax paychecks toward essentials like rent and food 30 toward discretionary spending and 20 toward savings. While the amount of money you should save each month will vary based on your goals heres what you need to know about deciding how much of