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How much should I save each month for long-term goals?
Curious about long-term savings
The amount you should save each month for longterm goals depends on your specific financial situation and your longterm goals. A good rule of thumb is to aim to save at least 15% of your income for retirement. You may also want to consider other longterm goals such as saving for a down payment on a house, starting a business, or funding your child's education. It's important to create a budget and evaluate your expenses to determine how much you can realistically afford to save each month. Working with a financial planner can also be helpful in determining a savings plan that aligns with your longterm goals.
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