HOW MUCH MONEY SHOULD BE SAVED?
To be considered financially secure, an individual or household should save at least six months’ worth of
expenses. For example, a household that has $2,000 per month of expenses should have at least
$12,000 in savings ($2,000 multiplied by 6 months). To reach this amount, it is recommended that 10-
20% of net income should be saved until the appropriate amount of savings is reached. Net income is the
amount of an individual’s take-home pay after taxes and other deductions have been taken out of a
paycheck.