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Saving money is essential to your family’s financial stability, but what’s the best way to save? Where should you put your money and how much risk should you accept to get the biggest return possible?

A simple savings calculator like the one below can help you answer these important questions. You can plug in numbers to see how much of a return you can get on different types of saving options.

Simple Savings Calculator

This calculator is designed to help you calculate yield and craft the best strategies for saving. Enter the information provided. If you're not sure about something, the help bubbles (?) to the left of each line provide more info.

A solid saving strategy helps ensure lasting stability and financial success for your family, but it’s almost impossible to save effectively if you have too much debt hanging over your head. If you can’t afford to save ten percent (10%) of your monthly income, chances are pretty good that you have more debt than you need.