From bucketing your money to experimenting with savings percentages, what’s most important is finding the savings strategy that works best for your financial situation. Your age, marital status, family responsibilities, life goals, and other factors can impact what amount of savings makes the most sense for you.
And be gentle with yourself. Things happen, both good and bad. Got a big raise or bonus? Set aside a little extra money for your savings. Lost your job or had to tap into your emergency fund, know that it’s okay to skip a month of adding to your savings.
With fluctuations in income and financial needs, it can be hard to predict everything. Being aware of your savings each month is a great step toward being able to handle the unpredictable and maintain long-term financial stability.
