Track Your Financial Health with These 6 Vital Signs – Super Saving Tips

Your savings rate is the percentage of your monthly after-tax income that goes into savings such as retirement, emergency fund, or long term needs. The average personal savings rate in the U.S. is currently under 6%, but you should aim higher. The standard rule of thumb is to save 10%, but every percent matters and depending on your circumstances, you may need to save more. Now your savings rate probably won’t change dramatically month to month, but if you calculate it (and try to increase it) at least once a year, you should be in good shape.

Source: Track Your Financial Health with These 6 Vital Signs – Super Saving Tips

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