Mwanamke Jasiri
How much should I save?
Enter your take-home pay and your must-pay costs. You will see a savings target that fits your life, not a number that only works on paper.
A target that fits your pay
Find your monthly savings target
No mystery, just arithmetic
How this is worked out
- Left over = take-home pay minus must-pay costs minus debt repayments.
- Savings guides are 10%, 20% and 30% of your take-home pay.
- A level fits if what is left over covers it. Your target is the highest of 20% or 10% that fits.
- The 50/30/20 idea suggests about 50% for needs, 30% for wants and 20% for savings. It is a rule of thumb, not a rule.
Read this before you rely on it
Good to know
This calculator gives estimates to help you plan. It is general information, not personal financial, tax or legal advice, and it cannot promise any result. Your own figures and rules may differ.