Savings Calculator
Understanding Savings Growth
Savings grow through regular deposits and compound interest. The earlier you start, the more time your money has to grow.
Compound Interest Formula
A = P(1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) - 1) / (r/n)]
💡 Tips
- Automate your savings for consistency
- High-yield savings accounts offer better rates
- Emergency fund should cover 3-6 months of expenses
- Consider CDs for money you won't need soon