Is saving 500 a month good

Ask google what it is, he'll tell you all about it with company names and all.The chart below shows how changes in investment return percentage can have big impacts on the results of the investment.On this calculator, interest is compounded every month.Summed up, the annual income barely hits the $50,000 mark.This assumes a constant return and investing at a regular interval.

Start making more money todayIf you were to save $500 per month, that would amount to 12.5% of your salary.15 of our favorite ways to save 1.Putting away $1,500 a month is a good savings goal.So you could save 1/5 of that $500 per month just by paying off your credit cards.

Here are some simple ways to save your first $500 fast.This list will save you over $590 each month if you follow it diligently and use all of these strategies.You withdraw 5% of $240,000 each year, which is $12,000.What will an investment of 1,000 dollars per month be worth?Many retirement experts now say that the traditional recommendation of saving 15% of income is honestly too low to guarantee a comfortable retirement, and that 25% or 30% is a safer bet.

The women in my wealthiher money challenge have reported finding upwards of an extra $3,000 in their budgets.Salary of 67k (my effective combined fed/state tax rate is like 17%) or $5600/mo gross.According to a brand new survey from bankrate.com, just 37% of americans have enough savings to pay for a $500 or $1,000 emergency.