How Much Should You Save?
Saving money—it’s the cornerstone of your long-term financial health, and it can help you weather short-term monetary setbacks. How much is enough to save each month and where should you allocate it? We offer advice from financial experts here:
- Divide the 20% to address emergency savings and erasing high-interest debt and then retirement and other goals.
- When it comes to college savings, you may want to consider saving additional amounts outside of your 20% goal.
It’s an age-old question: How much should you really be saving for your financial health and key goals? The tips above should get you on the road to financial stability and security. But don’t hesitate to contact our financial experts for recommendations based on your unique situation.