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Quicken Community / Forums / Quicken Online--the Online Quicken product / Meet Your Budget Goals /
What is the recommended percentage to put away into a savings account, mont
Jun 09, 2009 08:46 am

[icharis]
icharis

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This post is about: Quicken Online
What is the recommended percentage to put away into a savings account, monthly?
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[tomcat_girl]

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of 2 		What is the recommended percentage to put away into a savings account, mont
Jun 10, 2009 11:43 am 
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believe 10%of your income should be put. There is a cool pie chart on oprah websie under the finance section.

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[mrbizplan]
North Dakota
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Number of years using Quicken: 2 to 5 years
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Windows XP
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of 2 		What is the recommended percentage to put away into a savings account, mont
Nov 03, 2009 08:23 am 
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It depends on your financial situation.

If you have zero savings now put as much as you can away until you have at least $1000 for emergencies.

Then you could put aside 5%-10% of your income per month aside until you have built up 3-6 months of you average monthly expenses.

Once you have that you can work on other long-term savings like retirement, college fund, etc.

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