Target Amount · Monthly Savings · Time to Goal
Allocate 50% of after-tax income to needs (rent, food, utilities), 30% to wants (entertainment, dining out), and 20% to savings and debt repayment. This simple framework makes it easy to build a consistent savings habit without tracking every dollar.
Set up automatic transfers to your savings account on payday. This "pay yourself first" approach removes the temptation to spend what you should be saving. Even small, consistent amounts add up — $200/month at 5% interest becomes $155,000 over 25 years.