Calculating Savings Rate

The most important number in achieving financial independence is your savings rate, which is just how much money you have left every month after paying all your bills.

To that end, I’m sharing this online spreadsheet that will calculate your annual savings rate to give you a snapshot of where your finances stand:

https://docs.google.com/spreadsheets/d/1SYJlMABjFYqoQEr3fvB2e4hhM7FLOUhE4QzgIdF7aNc/edit?usp=sharing

I think the video is self explanatory, but I’m planning on sharing a slightly more detailed video with some remarks and pointers soon.

In the meantime, if you want to try calculating your savings rate with the aforementioned spreadsheet, you just need to make a copy of the file to your own Google Drive where you will then be able to edit the document.

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Eman

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