How much to save?

Started by Manuel M.
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Manuel M.

Sometimes you are unsure, but you should pay you first a certain amount and then if you have anything left at the end of the month you can save some more.

T

Toure L.

How much should you pay yourself before you pay your essential bills?

Deleted user

Depending on your financial situation, I would start with $5 a week and increase from there. Also, create a budget to view your spending habits and financial situation. This would help in determining if there is extra money that can go into savings. If the savings is automatically deposited, it makes it easier. The important thing is to get started saving.

Deleted user

digital credit union pays 6% on the first $1000 in savings

Deleted user

Is there a name for high interest savings for children?

C

Chris R.

Is there a name for high interest savings for children?

Check out first tech federal credit union, they have a kids saving account at 5% up to 1k.

N

Nadiay Y.

How much should you pay yourself before you pay your essential bills?

A

Anuradha G.

One way to save is to make an automatic transfer from your checking account to saving account everytime you get paid. I can be as low as $10.00 per pay check. Since it is automatic, you dont have to do anything on your part and you dont even notice but the savings keep adding every pay check and before you know, it is a nice chunk of change.
Anuradha

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Manuel M.

I will save a 15% of my income and any bonus payment that I receive.

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Jasmine B.

I think this was would be good For Me to help me learn how to save

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Sheryl I.

I setup direct deposit to my savings through my employer. Start off with an amount you are comfortable with and increase it as you earn more or pay off debts.

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Christina J.

Everytime I get paid 10% of my check goes into my savings account everytime. I love the extra help!

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