Table of Contents
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE
You will have:
| DURATION | AMOUNT | CALCULATION | TOTAL AMOUNT |
| 2 months | $600 | $600 * 2 | $1,200 |
| 4 months | $600 | $600 * 4 | $2,400 |
| 6 months | $600 | $600 * 6 | $3,600 |
| 8 months | $600 | $600 * 8 | $4,800 |
| 10 months | $600 | $600 * 10 | $6,000 |
| 12 months | $600 | $600 * 12 | $7,200 |
| 2 years | $600 | $600 * 24 | $14,400 |
| 3 years and more | $600 | Use the calculator above | See the calculator |
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN A YEAR
If you save $600 in a months,
There are 12 months in a year.
In 1 months, you have $600 * 12 = $7,200
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN 10 MONTHS
In 10 months, you will have
$600 * 10 = $6,000
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN 8 MONTHS
In 8 months you will have
$600 * 8 = $4,800
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN 6 MONTHS
In 6 months you will have
$600 * 6 = $3,600
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN 4 MONTHS
In 4 months you will have
$600 * 4 = $2,400
IF I SAVE $600 IN A MONTH HOW MUCH WILL I HAVE IN 2 MONTHS
In 2 months you will have
$600 * 2 = $1,600
IS SAVING $600 A MONTH GOOD
Yes. If you save $600 in a month you will have $7,200 in a year. This is a good amount to save in a month.
A more balanced answer however is, it depends on how much you earn each month.
Take for example, a person who earns $10,000 monthly and saves $600. This is just 6% of his monthly income. Based on the different budgeting techniques available, a 6% savings might not be considered a good or rather a wise amount to save.
On the other hand, saving a $600 with a salary of $3,000 will be considered a good amount to save. Here is why;
$600 is 20% of $3000.
This is a good amount.
A sterling example however will be a person earning $1000. $600 is 60% of this monthly income
Does this sound extreme? No. Actually, there is a budgeting technique called the 60-30-10 budgeting technique. This technique suggests saving a whooping 60% of your income.
For further information on saving and budgeting, view the articles in this category.
