How Much Money You Should Save Each Month? Simple Formula
Key Takeaways How much should I save each month? The standard answer is 20% of take-home pay, tweaked for your goals and debt. Others employ the 50/30/20 rule, creating an emergency fund of 3 to 6 months of expenses along the way. On $3,000 net, that means $600 divided between emergency cash, retirement, and near-term … Read more