Monthly Savings Planner

A systematic savings plan is essential for achieving financial goals. Our planner helps allocate your monthly savings across different financial priorities based on your age, income, and goals.

The calculator follows financial best practices to create a balanced savings strategy that addresses immediate needs, medium-term goals, and long-term wealth building.

Savings Allocation Strategy:

• Emergency Fund: 3-6 months of expenses (highest priority)
• Short-term Goals: 1-3 year goals (vacation, gadgets)
• Long-term Investments: 5+ year wealth building
• Retirement Fund: Age-based retirement planning
• Tax-saving Investments: Section 80C investments

Savings Rate Guidelines:

• Minimum: 10% of income
• Good: 15-20% of income
• Excellent: 25%+ of income
• FIRE Goal: 50%+ of income

Age-based Investment Allocation:

• 20s-30s: 70-80% equity, 20-30% debt
• 40s: 60-70% equity, 30-40% debt
• 50s: 50-60% equity, 40-50% debt
• 60+: 30-40% equity, 60-70% debt

Savings Automation:

• Auto-debit: Set up automatic transfers
• SIP: Systematic investment plans
• Salary Account: Direct salary allocation
• Goal-based Accounts: Separate accounts for different goals

Features:

• Income and expense-based savings calculation
• Age-appropriate allocation recommendations
• Emergency fund gap analysis
• Goal-based savings distribution
• Personalized savings recommendations