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Savings Rate Calculator Specifications
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Do you struggle understanding how to calculate your savings rate at a moment's notice?
Do you struggle understanding how to calculate your savings rate at a moment's notice?
This app is for you.
It assumes you have 4 bank accounts:
1. Business Checking
2. Business Tax
3. Personal Savings
4. Personal Expense
With this app, you can know exactly how to get money from your Business Checking account into your Personal Expense account, and do it while targeting a specific Net Savings Rate. Just fill in any 2 of the fields and it will fill in the rest.
(Did you know? Net Savings Rate is the strongest influence on when you can retire. A combined savings rate of 74% will let you retire in 7.5 years, even if you start from $0.)
TARGET SAVINGS RATE - This is the percentage of your net pay that ends up in your savings account.
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