How much should I have in my emergency fund?

Most financial experts recommend 3-6 months of living expenses in an emergency fund. If you have unstable income or dependents, consider saving 6-12 months of expenses.

What is the best type of savings account?

High-yield savings accounts offer the best combination of liquidity and returns for most savers. Online banks typically offer higher rates than traditional banks. For longer-term goals, consider CDs.

Should I save or invest?

Save for short-term goals (under 5 years) and emergency funds. Invest for long-term goals (over 5 years) where you can accept some risk for potentially higher returns.

How can I save more money each month?

Track your expenses, create a budget, automate savings transfers, reduce unnecessary subscriptions, cook at home more, and look for ways to increase your income.

Savings Calculator – Calculate Savings Growth

Calculate how your savings will grow over time with interest. Plan your savings goals with our free savings calculator.

Savings Calculator – Calculate Savings Growth

Calculate how your savings will grow over time with interest. Plan your savings goals with our free savings calculator.

Initial Deposit*

Starting savings amount

Monthly Deposit

Additional monthly savings

Interest Rate (%)*

Annual interest rate

Time Frame (years)*

Savings time period

$50,000

Total Savings

$20,000

Deposits

$30,000

Interest

Building Your Savings

A savings calculator helps you see how your money will grow over time with regular deposits and compound interest. This is essential for setting and achieving financial goals like emergency funds, vacations, or major purchases.