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How To Calculate Your Savings Rate… And Why It’s Important | EP 375

Brad and Jonathan continue along their “Financial Independence A to Z” journey by examining savings rates and the many different ways it can be calculated!

One of the pillars that sets the FI community apart is the emphasis on saving money in order to unlock more in your life. So, by having the right tools needed to calculate your savings rate, you can begin to make adjustments and hopefully start the process of taking back your time!


0:59 – Introductions
4:30 – Ben’s Question
7:41 – How Do You Calculate Your Savings Rate?
12:00 – Why Savings Rate Is Important
18:25 – Nuances In Saving
21:55 – Calculation Example
28:15 – Scenario Three
37:57 – Looking At The Nuances
46:56 – Conclusion

Resources Mentioned In Today’s Conversation

The subject matter of this episode was expanded out in our blog post Calculating Your Savings Rate… And Why It’s Important. It includes lots of example calculations, a downloadable worksheet, an interactive calculator and more. Don’t miss out out on this instructive resource.

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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