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ASAP Finance: Financial Literacy, Know Your Savings Rate Thumbnail

ASAP Finance: Financial Literacy, Know Your Savings Rate

401(k) Ideas Personal Finance Financial Wellness


Chris explains an easy way to figure out your current savings rate, offering "credit" for various savings behaviors from the Company Match on your Employer Retirement Plan, to additional debt payments, and college savings.  He shares the goal to strive for as 20% (or more) of your total income, taken right from the research done by the authors of The Millionaire Next Door.  If you aren't yet to this goal, don't panic, but rather set a course to get yourself there.  

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