Savings
Savings accounts often offer a modest interest rate 2.5-5% more or less , allowing your money to grow over time through compound interest. They are helpful to reach your goals or for any big investment you may have in the future.
Aim to allocate 20-25% into your savings account.
Assuming your bank gives 3% interest, if you save 25% or $225, after a year you will have $2,743.88 in your savings account.
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