How to help maximize your savings
How much money should you save?
That depends on your unique situation. How much money can you afford to put towards savings? Are you saving for something small or big? If you have a particular goal in mind, tools like our Retirement Calculator and Education Savings Calculator can help you understand how much to save monthly.
A general suggestion is to set aside 10% of your take-home pay for savings. But this may not always be feasible and any amount of money you regularly put away can add up over time.
Ways to help your savings grow
- How much money will you need to start investing?
- Does your money need to be "locked in" for a set period, or can you access your funds at any time?
- Does your investment have a guaranteed rate of return, or will returns be based on stock market performance?
Tools to help you save and budget
Educational Savings Goal Calculator
Use this tool to help you figure out how much you may need to save for your child’s education.
How much should you save for retirement? This tool can help you decide.