Saving
Savings: What, How Much, and Where
Use the slides above while watching the video below.
The Money Management Bible Checklist
Saving
Create your savings budget
Emergency Fund (3 – 6 months of living expenses)
Retirement (15% of income, including employer match)
If applicable:
Home Down Payment (20% down)
Car Payment (down payment or full value of car)
College (your discretion)
Travel (your discretion)
Medical Emergencies (your discretion)
Home and Car Repairs (your discretion – based on age and value of home/car)
Anything else you would like to save for
Update your zero-based budgets
Put savings on auto-payment (use “Where Should I Put My Savings” slide to know where to put savings)