1min chapter

Maven Money Personal Finance Podcast cover image

275 - Megasode - The Greatest Hits

Maven Money Personal Finance Podcast

CHAPTER

How Much of Your Net Income Should You Be Saving?

Saving is when you have a clear defined goal for an amount of cash or capital. You need that money at some point in the future, so you don't want any market volatility to affect your ability to go on holiday, buy a car, or buy a house. Your savings should do the heavy lifting and not the interest rate. It's actually an excuse to say, I'm not going to save any money because the interest rates are terrible. That's a bad behavior.

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