Savings rate
Enter both figures to see the result.
ExceptionalFar above what most manage.
StrongThe level financial guidance aims for.
SolidSteady, a little short of Strong.
ThinAlmost everything you earn goes back out. Small changes would show quickly.
OverspendingYou are spending more than you earn, so savings are draining, not growing.
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How it is worked out
Savings rate = (income − spending) ÷ income × 100, rounded to a whole percent.
Both figures have to cover the same period. The dashboard card reads the last three months of what you record, including the month in progress.
Worked example
Income of 4,000 and spending of 3,100 leave 900 kept. 900 ÷ 4,000 is 22.5%, which rounds to 23% (Strong).
What is a good savings rate?
| Savings rate | What it means |
|---|---|
| 30% or more | ExceptionalFar above what most manage. |
| 20% to 29% | StrongThe level financial guidance aims for. |
| 10% to 19% | SolidSteady, a little short of Strong. |
| 0% to 9% | ThinAlmost everything you earn goes back out. Small changes would show quickly. |
| Spending more than income | OverspendingYou are spending more than you earn, so savings are draining, not growing. |