Calculator on NewYorkTimes: + 1% of savings each year an impressive amount =

I think that many of you have heard of the 10% - this is when you from everyone, even the most insignificant income necessarily postpone 10%. Sticking to this rule is not always easy, but if you get used to, the accumulated quite an impressive amount. Especially if a good income.

For those who do not believe in all these delaying Percentage suggest to start with at least 1%. Just as on the fingers is difficult to imagine how to change the amount of your savings for a long time, if you increase your fund in the treasury of at least 1%. 1% - a very small number, but even she can eventually help you save a decent capital.

In order to see their future profits, you can use «The 1% More Savings Calculator».

The calculator takes into account the following values:

1. Your annual income.
2. Amount saved at the moment (current savings balance).
3. A percentage that you set aside each year.
4. Annual growth in% of your salary.
5. The percentage of expected annual profit.
6. Period.

After entering all the values ​​displayed are three curves in the graph. One shows you what would be your savings, if you do not change anything, if you add at least 1% each year, and if you increase the percentage of savings to the level of 16.

Even if you have nothing set aside and you find it difficult to predict the growth of the money received for a long time, still try it and you will see that it is still better than nothing. For example, ranging from 430 dollars to 1291 dollars for 5 years with zero parameters of paragraphs №2, №3, №4 and №5 and annual income of about 10,000.