A Simplified Look At The Savings Rate
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.
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.
What Do We Need The Savings Rate For?
The basic equation is: Savings / (Gross Income – Taxes)
How To Calculate Your Savings Rate
Everyone wants to either save more or spend less. This is the exact way to increase your savings rate.
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