this post was submitted on 02 Sep 2023
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Do you have a "goal" savings per month? (lemmy.ca)
submitted 1 year ago by NENathaniel@lemmy.ca to c/personalfinancecanada@lemmy.ca
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I know not everyone has the luxury of saving at all, but those who do, do you have a "goal" or target savings per-month?

If yes could you explain what it is and your rationale?

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[–] Stochastic@lemmy.ca 4 points 1 year ago

It's a line item in my monthly budget. I run some future simulations to ensure that number is set high enough to at least be in the ballpark to achieve my future goals.

I treat the monthly number less like a goal and more like a required expense to attain what I am hoping to attain.