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What Should Your Monthly Savings Be? A Complete Guide For Financially Savvy Savers

Did you know that according to a study the Federal Reserve completed in Consumer Finances, the average American family has $40,000 in savings?

The average American household has savings across checking accounts, call deposit accounts, savings accounts, money market accounts, and prepaid cards. The amount of money you should work on saving each month will depend on your current financial situation and what you want your financial situation to look like in the future.

Are you interested in learning what your monthly savings should be?

We’ve created this guide to help you learn how to become more financially secure. Keep reading to learn more!

This post originally appeared at I Am 1 Percent.