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You should save enough so that eventually you have 8 months' salary in a savings account.

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Q: How much would you say is a good amount of money to save each month?
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How much money is a mortgage each month?

The amount of mortgage each month will depend on the amount of money borrowed, the duration and APR interest on the amount. You will need these figures to calculate the amount


Why would someone want to pay off the balance of their credit card each month before interest is calculated?

You might save money by paying the amount you have charged before the interest is calculated.


What does a bank charge you when you borrow money from it?

When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.


What is the interest rate and monthly payment amounts?

The interest rate is the annual charge levied on you loan. If you borrowed 100 units of local currency and the interest rate was 10% then you would have to pay 10 units of local currency each year while you owed the 100. The monthly payment amount is the amount you pay back each month to pay back the money you have borrowed. Thus if you borrowed 100 at 10% interest and were to pay this back over a year your month payment amount would be (100+10)/12 = 9.166666666666667 a month for a year.


Pete sets aside 50 each month from his earning to have money for a car down payment what is the best way for him to store the money each month until the meets his goal for a down payment?

I would personally put the money into a bank account so he can receive money while he's saving it

Related questions

How much money is a mortgage each month?

The amount of mortgage each month will depend on the amount of money borrowed, the duration and APR interest on the amount. You will need these figures to calculate the amount


What is the minimum amount of money you should save each month for an emergency?

500 - 700 pounds


Why would someone want to pay off the balance of their credit card each month before interest is calculated?

You might save money by paying the amount you have charged before the interest is calculated.


How much money do wrestlers make every month?

It sometimes depends on how good they are, usually.


Which type of graph would you compare the amount of rainfall each month for one year?

A Bar Graph.


•Anitta donated $ 78,000 to a charity for differentlyabled children last year by giving a fixed amount ofmoney every month. Calculate the money shedonated to the school each month?

$6500


What is a car insurance premium?

A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.


How much money would you make as a firefighter each month?

None, youd just be hella poor


What does a bank charge you when you borrow money from it?

When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.


How do you calculate month to month growth?

Measure the amount of growth, and or watch how much it grows each month


Pete sets aside 50 each month from his earning to have money for a car down payment what is the best way for him to store the money each month until the meets his goal for a down payment?

I would personally put the money into a bank account so he can receive money while he's saving it


What is the interest rate and monthly payment amounts?

The interest rate is the annual charge levied on you loan. If you borrowed 100 units of local currency and the interest rate was 10% then you would have to pay 10 units of local currency each year while you owed the 100. The monthly payment amount is the amount you pay back each month to pay back the money you have borrowed. Thus if you borrowed 100 at 10% interest and were to pay this back over a year your month payment amount would be (100+10)/12 = 9.166666666666667 a month for a year.