{"id":12912,"date":"2024-02-26T11:59:54","date_gmt":"2024-02-26T16:59:54","guid":{"rendered":"https:\/\/myratecompass.ca\/blog\/?p=12912"},"modified":"2025-02-04T23:15:42","modified_gmt":"2025-02-05T04:15:42","slug":"how-much-money-should-you-be-saving-from-every-paycheque","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/","title":{"rendered":"How Much Money Should You Be Saving From Every Paycheque?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#Why_Should_You_Save_Money_From_Every_Paycheque\" title=\"Why Should You Save Money From Every Paycheque?\">Why Should You Save Money From Every Paycheque?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#How_Much_Should_You_Save_Every_Month\" title=\"How Much Should You Save Every Month?\">How Much Should You Save Every Month?<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#How_To_Save_According_To_Your_Goals\" title=\"How To Save According To Your Goals\">How To Save According To Your Goals<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#How_To_Save_According_To_Your_Income_And_Expenses\" title=\"How To Save According To Your Income And Expenses\">How To Save According To Your Income And Expenses<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#How_Much_To_Save_According_To_Popular_Budgeting_Formats\" title=\"How Much To Save According To Popular Budgeting Formats\">How Much To Save According To Popular Budgeting Formats<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#How_To_Save_Money_From_Every_Paycheque\" title=\"How To Save Money From Every Paycheque\">How To Save Money From Every Paycheque<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#Mistakes_To_Avoid_When_Saving_Money\" title=\"Mistakes To Avoid When Saving Money \">Mistakes To Avoid When Saving Money <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/#Final_Thoughts_-_Building_A_Savings_Habit\" title=\"Final Thoughts &#8211; Building A Savings Habit\">Final Thoughts &#8211; Building A Savings Habit<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12912\" class=\"elementor elementor-12912\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce0b114 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce0b114\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0107e8f\" data-id=\"0107e8f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f98a554 elementor-widget elementor-widget-text-editor\" data-id=\"f98a554\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account.<b> But how much should you put into savings each month? And how do you start?\u00a0<\/b><\/p><p>This article explores the different approaches to monthly savings and offers guidelines and tips on how to save some of your paycheque every month.\u00a0<\/p><p>If you\u2019re ready to start your savings journey and build long-term wealth, read on!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e3a9d6 elementor-widget elementor-widget-heading\" data-id=\"9e3a9d6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Why_Should_You_Save_Money_From_Every_Paycheque\"><\/span><b>Why Should You Save Money From Every Paycheque?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f04bde4 elementor-widget elementor-widget-text-editor\" data-id=\"f04bde4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Saving money not only allows you to build an emergency fund for unexpected expenses but also helps you achieve your long-term goals, such as buying a house, starting a business, or retiring comfortably. However, <b>there is no one-size-fits-all answer to how much you should save each month.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b699b1 elementor-widget elementor-widget-heading\" data-id=\"5b699b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_Much_Should_You_Save_Every_Month\"><\/span><b>How Much Should You Save Every Month?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7302ed4 elementor-widget elementor-widget-text-editor\" data-id=\"7302ed4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>How much you save every month will depend on your <b>goals<\/b>, <b>income<\/b>, and current <b>financial stability<\/b>. Below, we explore <b>different methods<\/b> to determine how much to save monthly.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4527058 elementor-widget elementor-widget-heading\" data-id=\"4527058\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Save_According_To_Your_Goals\"><\/span><b>How To Save According To Your Goals<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6744c7a elementor-widget elementor-widget-text-editor\" data-id=\"6744c7a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>Many people save to achieve a specific financial goal<\/b>. For example, if you want to make a down payment on a house, start a business, or even retire early, you&#8217;ll most likely need to build up some savings first.\u00a0<\/p><p>Once you know your saving goal, you can break your goal into more manageable steps. For example:\u00a0<\/p><ol><li>1. Let\u2019s say you want to save for a $50,000 down payment on a house. You decide you want to buy a house <b>within two years<\/b>.\u00a0<\/li><li>\u00a0<\/li><li>2. You calculate that this would require you to put away over $2000 each month, which is impossible on your monthly income (e.g. $4,569).<\/li><li>\u00a0<\/li><li>3. Instead of aiming for two years, you re-adjust your timeline to <b>five years<\/b>. With five years, you realize you could put away $833 a month and still achieve your goal.\u00a0<\/li><li>\u00a0<\/li><\/ol><p><b>Having a fixed amount and timeline in mind for your savings can help you make difficult budgeting decisions<\/b> and keep you motivated. Using a simple timeline + amount calculation can help you determine how much money to put aside each month.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71eba68 elementor-widget elementor-widget-heading\" data-id=\"71eba68\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Save_According_To_Your_Income_And_Expenses\"><\/span><b>How To Save According To Your Income And Expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1efe1d9 elementor-widget elementor-widget-text-editor\" data-id=\"1efe1d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Before you commit to saving a certain amount of your paycheque each month, first determine how much extra money you have to work with each month. Start by assessing your income and expenses. To do this, set up a small budget that includes the following:<\/p><ul><li><b>All your income:<\/b> This includes fixed income, freelance work, side hustles and anything else that gives you a steady monthly income.\u00a0<\/li><li>\u00a0<\/li><li><b>All your expenses<\/b>: Include your necessities, such as rent, utilities, groceries, and insurance. Don&#8217;t forget to include money for emergencies so you don&#8217;t feel tempted to dip into your long-term savings when something unexpected happens.\u00a0<\/li><li>\u00a0<\/li><\/ul><p>Once you have a clear picture of your income and expenses,<b> subtract your expenses from your income to determine your discretionary income<\/b>. This is the amount of money you have left over after covering your necessary expenses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2da5188 elementor-widget elementor-widget-heading\" data-id=\"2da5188\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_Much_To_Save_According_To_Popular_Budgeting_Formats\"><\/span><b>How Much To Save According To Popular Budgeting Formats<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a460a54 elementor-widget elementor-widget-text-editor\" data-id=\"a460a54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are several saving-focused budgeting formats that provide a rough guideline for savings. For example, the <b>50\/30\/20 rule<\/b> suggests that you save 20% of your monthly income.\u00a0<\/p><p>If you\u2019re working with a budget of $4,569 from the previous example, then <b>20% comes to $913 a month.<\/b> Keep in mind that the 50\/30\/20 rule is a guideline, not a rule, and if 20% is too steep for your income and current expenses, then feel free to adjust it to suit your goals, timeline, and income. <b>The important thing is that you remain consistent and put away money every month while maintaining a functional financial balance. <\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08701ed elementor-widget elementor-widget-heading\" data-id=\"08701ed\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Save_Money_From_Every_Paycheque\"><\/span><b>How To Save Money From Every Paycheque<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ddba90 elementor-widget elementor-widget-text-editor\" data-id=\"5ddba90\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Saving money from every paycheque requires discipline and commitment. Here are some strategies to help you maximize your savings potential:<\/p><ul><li><b>Automate your savings<\/b>: It&#8217;s easy to set up an automatic payment into a savings account each month. This can help you stay committed to your savings goals without too much effort on your part.\u00a0<\/li><li>\u00a0<\/li><li><b>Make small sacrifices:<\/b> Paying money into your savings each month can leave you with a lower quality of life, but it doesn&#8217;t have to! Find alternatives to popular expenses, such as eating out, going shopping, or paid entertainment. Consider packing your lunch instead of eating out, cancelling unused subscriptions, or finding free or low-cost alternatives to expensive activities.<\/li><li>\u00a0<\/li><li><b>Track your progress<\/b>: Tracking your progress and seeing your savings grow each month can be very motivating. Set aside time each month to assess how much you saved and adjust your savings plan if necessary.\u00a0<\/li><li>\u00a0<\/li><li><b>Put your savings in a high-interest account<\/b>: A <a href=\"https:\/\/myratecompass.ca\/blog\/savings\/best-high-interest-savings-accounts-in-canada\/\">high-interest savings account <\/a>can help you save money by paying monthly interest into your account. You can choose to reinvest the monthly interest payments and accumulate just a little bit more each month. This can make a big difference long term.\u00a0<\/li><li>\u00a0<\/li><\/ul><p>Remember, you have the final say on where your money goes. Get creative and find a method to save that works for you. With that in mind, let\u2019s examine some common mistakes to avoid when saving.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fc073c elementor-widget elementor-widget-heading\" data-id=\"7fc073c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Mistakes_To_Avoid_When_Saving_Money\"><\/span><b>Mistakes To Avoid When Saving Money <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77d9571 elementor-widget elementor-widget-text-editor\" data-id=\"77d9571\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While saving money is important, there are some common mistakes you should avoid:<\/p><ul><li><b>Neglecting an emergency fund<\/b>: It&#8217;s crucial to have an emergency fund to cover unexpected expenses. Don&#8217;t prioritize saving for long-term goals at the expense of building an emergency fund.\u00a0<\/li><li>\u00a0<\/li><li><b>Relying on fixed savings amounts<\/b>: While it&#8217;s important to have a savings goal, don&#8217;t limit yourself to saving a fixed amount from every paycheque. As your income and expenses change, it&#8217;s important to adjust your savings accordingly.<\/li><li>\u00a0<\/li><li><b>Not taking advantage of employer-matched contributions<\/b>: If your employer offers a <a href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/rsp-vs-rrsp\/\">retirement savings plan<\/a> with an employer match, take full advantage of it. Employer-matched contributions are essentially free money, so be sure to contribute enough to maximize the match.<\/li><li>\u00a0<\/li><\/ul><p>These mistakes can be easy to overlook and cost you money if you don&#8217;t specifically aim to address them. Remember to be thorough with your savings plan, and account for any eventualities to ensure your savings plan goes without any issues.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64e462e elementor-widget elementor-widget-heading\" data-id=\"64e462e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><b>Final Thoughts - Building A Savings Habit<\/b><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e2eeb2 elementor-widget elementor-widget-text-editor\" data-id=\"9e2eeb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you want to save a lot of money, start where you are. Putting away a little bit of money each month will accumulate quickly, and before you know it you\u2019ll be putting a down payment on the house of your dreams, or starting your own business. Whatever your goals, remember to save responsibly and re-adjust your saving plan wherever necessary. Happy Saving!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do you start?\u00a0 This article explores the different approaches to monthly savings and offers guidelines and tips&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/budgeting\/how-much-money-should-you-be-saving-from-every-paycheque\/\">Continue reading <span class=\"screen-reader-text\">How Much Money Should You Be Saving From Every Paycheque?<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":12914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[21],"class_list":["post-12912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-scaled.jpg",924,924,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-300x300.jpg",300,300,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-768x768.jpg",750,750,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1024x1024.jpg",750,750,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1536x1536.jpg",924,924,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-2048x2048.jpg",924,924,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1568x1568.jpg",924,924,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-250x250.jpg",250,250,true]},"post_excerpt_stackable":"<p>Table of Contents Why Should You Save Money From Every Paycheque?How Much Should You Save Every Month?How To Save According To Your GoalsHow To Save According To Your Income And ExpensesHow Much To Save According To Popular Budgeting FormatsHow To Save Money From Every PaychequeMistakes To Avoid When Saving Money Final Thoughts &#8211; Building A Savings Habit Reading Time: 4 Min If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/budgeting\/\" rel=\"category tag\">Budgeting<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-scaled.jpg",924,924,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-300x300.jpg",300,300,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-768x768.jpg",750,750,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1024x1024.jpg",750,750,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1536x1536.jpg",924,924,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-2048x2048.jpg",924,924,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-1568x1568.jpg",924,924,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-250x250.jpg",250,250,true]},"post_excerpt_stackable_v2":"<p>Table of Contents Why Should You Save Money From Every Paycheque?How Much Should You Save Every Month?How To Save According To Your GoalsHow To Save According To Your Income And ExpensesHow Much To Save According To Popular Budgeting FormatsHow To Save Money From Every PaychequeMistakes To Avoid When Saving Money Final Thoughts &#8211; Building A Savings Habit Reading Time: 4 Min If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/budgeting\/\" rel=\"category tag\">Budgeting<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/66-scaled.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=12912"}],"version-history":[{"count":11,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12912\/revisions"}],"predecessor-version":[{"id":14699,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12912\/revisions\/14699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/12914"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=12912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=12912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=12912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}