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How much should I be saving for the long term?

Curious about long-term savings

How much should I be saving for the long term?

The amount you should be saving for the long term depends on your individual financial goals, expenses, and income. As a general rule, financial experts recommend saving at least 15% of your income for longterm goals such as retirement. However, you may need to save more or less depending on your specific circumstances. A good way to determine how much you should be saving is to create a budget and identify areas where you can cut back on expenses, and then use the money saved to contribute to your longterm savings. You may also want to consult a financial advisor for personalized advice on how much to save based on your individual goals and financial situation.

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