Monthly Savings Calculator: Are You Saving Enough?

Highlights

  • Do you know how much your are saving each month?
  • Do you have special savings deposit, retirement and investment accounts?
  • Use Bills.com's Monthly Savings Ratio Calculator to help you build your savings.
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Monthly Savings Ratio Calculator

Are Your Saving Enough Each Month?

 

Were you planning on putting more money into a savings deposit account? Or, top up your retirement account? Do you have savings and investment accounts that allow you to buy a home, pay for college, take your dream trip?

It is important to keep a budget and save money by cutting grocery expenses, paying down debt, and finding a less expensive cell phone provider. However, it is equally important to build up your savings accounts. 

Use the Bills.com Saving Ratio Calculator to find your Saving Ratios and don't stop there. Start a new savings account today. 

Good savings habits are important to acheive a healthy financial bill of health.

At the most basic level you need to save money for emergencies (a rainy day fund) and retirement. However, you are also going to want to save money for other reasons such as purchasing a car, a home, or large purchases. If you have children then you may want to save money for a college education.

A rule of thumb: save 10% - 20% of your income. Check out how you are doing in the savings department.


i
Income
Annual Income includes all pre-tax earnings and passive income
$
Monthly Income, Based on Average Annual Earnings
$ 0

ii
Your Average Monthly Saving
I put aside $... a month toward:
$
$
$
Total Monthly Savings
$ 0
Emergency Fund
Investement
Retirement

Your Saving Rates

Brenchmark Rates

Your Saving Rates
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0%
0%
Brenchmark Rates
0%
0%
0%
0% 10% 20% 30% 40% 50%

Your Overall Savings Ratio is

Top Savings & Money Market Accounts (MMA)

Do you have a savings account? Is it earning as much interest as it could? Review savings accounts from different providers, to find the one that fits your needs and earns you the most interest.

Your Monthly Savings and Your Financial Health

Savings is a vital part of your overall financial situation. However, it is crucial that you make savings a part of your overall game plan.

Take Bills.com's Financial Health Survey to analyze how you score on Spending, Borrowing, Saving, and Planning. Get recommendations and tools. Then take steps to improve your financial health.

 

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