Whats your next 3 years savings goal. As the saying goes saving is equivalent to an income, and based on our savings we can achieve our financial goals and maintain a healthy lifestyle.
How do we decide on our savings goal, lets take some examples and it will become more clear: Lets say you want to have 5 lacs Rupees cash in next 3 years from savings, so if you save 12,000 rs per month with annual interest of 8 %. You will be able to achieve 5 lacs rupees target, see the screens shot.
Similarly, if you want to save 10 lacs in next 3 years you will roughly have to save 24,000 rs per month, check it out:
So never under estimates power of savings, and keep tracking your expenses for better savings……