A Simplified Look At The Savings Rate

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Savings rate is a quick way to see how much of your income you are using. Learn the basics on how to calculate your savings rate and speed up your time till retirement.

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The savings rate is a benchmark to see where you’re at with your finances. It is an easy way to calculate how much of your income you’ve saved throughout the year.

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The basic equation is: Savings / (Gross Income – Taxes)

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Everyone wants to either save more or spend less. This is the exact way to increase your savings rate.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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