When you are creating a savings account, how much is recommended that you set aside for your savings?25%
This really subjective on your situations depends on at what age group you're in, but most experts believe the answer is 15 %.
The most popular method in managing your finance is the 50/30/20 rules.
50 % allocated for necessities (such as housings and foods)
30% allocated for lifestyle (such as place to hang out)
20% allocated for financial related matters.
From those 20 % allocation, 15 % is advised for savings and 5% for others financial matters if you're in your 20s
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Social Studies, published 16.04.2023
Social Studies, published 07.03.2023