Posts with the tag scott pape:

What % of Your Salary Do You Save Monthly?

Every once in awhile when I look at my bank account I find myself wondering the same question, “How much should I be saving every month?”. According to a few personal finance gurus (like Dave Ramsey and Scott Pape) a good target you should be aiming to save of your gross salary is around 15%. But let’s look at how this broken down in a little more detail. Go Annualised It can be easy to focus on a month and think that this “normal”, but until you expand your budget to other months of the year you begin to realise that maybe the month you thought was good, was good because the other subsequent months were taking more of the expenditures.