How much should I save every month?
The amount you should save every month will depend on your financial goals, expenses, and income. To determine how much to save, you first need to create a budget that outlines all of your monthly expenses, including bills, groceries, and other necessary expenses. From there, you can figure out how much money you have left over each month that can be put towards savings. Even small amounts can add up over time, and you may find that you are able to increase your savings as your income and financial situation improves. Our budget calculator below can help you figure out how much to consider saving every month.
The calculator provided on this page is provided for general and educational purposes only. It is not intended to provide legal, tax, or investment advice. The accuracy of this online tool and its applicability to the information provided is an estimate and is not guaranteed. Your actual figures (i.e., monthly expenses, amount left over for savings, etc.) could vary based on many factors.