When you are creating a savings account, how much is recommended that you set aside for your savings?
25%
10%
12%
15%
is it b
There are so many guidelines for savings, that you must go with what your text book author advises.
When creating a savings account, the recommended amount to set aside for your savings is typically based on a percentage of your income. Financial experts often suggest saving at least 20% of your income, although the exact amount may vary depending on your specific financial goals and circumstances.
Out of the options you provided (25%, 10%, 12%, 15%), the closest recommendation to the commonly suggested 20% is 25%. Therefore, it is recommended to set aside 25% of your income for savings.