No matter how much or how little, saving is a great habit to get in to. Whether you have started saving yet or not, this calculator will let you see how long it will take you to reach your goal – whether that’s to save enough for a new car, house deposit or wedding, for example.
You can also find out how much you will need to put by every month to reach your target. And even if you don’t have an amount or time schedule in mind, you will be able to see how much in savings you could have at various points in the future.
Of course, the outcome of all of these scenarios will be affected by the interest rates you earn on your cash – and whether this is taxable or tax-free. So you can play around with this too.
Whether you are a savings convert already or you still need a little persuading, this savings calculator is a great place to start. And when you’ve done your sums, don’t forget to do your research on the best kind of account for all that hard-earned cash too.