How much of your salary should you save each month?

The 50:30:20 approach suggests setting aside 20% of your income for savings or other financial goals

Have you ever wondered how much you should save each month or even how much you should have saved by now?

When we first start looking at our financial situations, we tend to immediately focus on our mistakes and what we could have saved or should have saved. It’s a guilt-ridden exercise.

How much of your salary should you save every month?

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