Percentage or Amount

Savings. It’s a word that evokes mixed feelings from each and every one of us. On one hand, we all know we should be doing it—allocating a percentage of each paycheck into your savings account helps you not only prepare for retirement, vacations, and hobbies, but also prepare for unexpected expenses. On the other hand, saving money is just plain difficult. You may not be able to put a flat amount into your savings each month, or you might just find it a hassle. Well we’re here to help. With these simple tips, you’ll be saving more money in no time. The 50/30/20 Rule The first and most difficult question involved in savings is “How much money should I be saving exactly?” There’s actually a very simple answer to this question, and it can apply to people of all incomes. The 50/30/20 rule goes like this: put 50% of your income toward living expenses (house/apartment payments, utilities, etc.), 30% can be used toward personal expenses like that streaming video service or gas for your car, and 20% should go toward your financial priorities, like loans, car payments, and savings. So how do you apply this to your own personal financial …

Wondering how much money you should be saving? Learn some basic guidelines and tricks on ways to increase your savings each month.

When it comes to making financial progress, we can all agree that saving for the future is a critical part of the equation. But how much are you supposed to be socking away exactly?

Wondering how much of your income should you save? 3 questions that will help you calculate the percentage of income to save and achieve a balanced life.

Learn about putting your money away for retirement. Find useful tips, timelines, and ways to save for specific retirement goals.

It’s hard to know how much you should spend on housing, clothing or food. Determine how to budget your money with the 50/20/30 guideline.