How much should I save each month?

Enter goal, horizon, and expected interest to see a level monthly saving or time-to-goal. The monthly number must coexist with rent, loans, and insurance, which cannot vanish for the goal. Keep a small buffer for surprises so the habit survives ordinary months.

What is the 50/30/20 budget rule?

A common split: about 50% needs, 30% wants, 20% debt paydown and saving, but it is a guide, not law. In Bulgaria, rent and family size move the percentages. Treat it as a frame and keep a real spreadsheet in BGN to see if 20% is sustainable for you.

How does interest affect my savings?

With compounding, each period’s gain feeds the next base, so growth is faster than simple interest on a fixed principal. The tool uses the nominal rate you type; it does not add bank fees, tax on interest, or floating market rates. Think about inflation separately for purchasing power, not only the headline percent.

What is an emergency fund and how large should it be?

Cash for income loss, urgent repair, or health, not for holidays. Three to six months of essential household spend is a common range, but your number depends on rent, children, and loans. Keep it separate from a named savings goal so you do not drain both at once.

Savings Calculator

Monthly amount or time to reach goal

Target amount (EUR)

Mode

Months to save

Enter a goal and deadline or monthly amount, then calculate.

Methodology

Monthly amount = goal ÷ months (no yield/interest in this tool)
Months to goal = ceil(goal ÷ monthly amount) for a fixed deposit

Example

Goal €4 800 · 24 months → €200/mo.

Frequently asked questions

Start from a few months of real bank flows after fixed bills, not a dream number. Set an amount in BGN, a deadline, and keep emergency debt and fun money conceptually separate. Review plan vs fact every couple of months and adjust so you do not quit after the first miss.

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