What is the name for writing down where your income will go to each month
3 answers
Budgeting
Which percentage of your salary should go to savings? 010 or 50.
The typical recommendation is to save at least 10-20% of your salary for long-term savings and retirement goals. However, if you can afford to save more, aiming for 20-50% would be even better for building a strong financial future. So, the percentage of your salary that should go to savings is higher than 10%, ideally between 20-50%.
1 answer