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11 March, 08:00

When you are creating a savings account, how much is recommended that you set aside for your savings?

25%

10%

12%

15%

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Answers (1)
  1. 11 March, 08:18
    0
    This really subjective on your situations depends on at what age group you're in, but most experts believe the answer is 15 %.

    The most popular method in managing your finance is the 50/30/20 rules.

    50 % allocated for necessities (such as housings and foods)

    30% allocated for lifestyle (such as place to hang out)

    20% allocated for financial related matters.

    From those 20 % allocation, 15 % is advised for savings and 5% for others financial matters if you're in your 20s
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