To calculate how much to save per month to buy an apartment, a car or a new smartphone, it is not enough just to divide the purchase price by the amount of savings.
You may have several goals with different periods, so it is not so easy to figure out how to save everything evenly for them. Still in an amicable way, you need to take into account inflation, because by the right time the price will most likely rise, and there simply will not be enough money. It is also worth pledging the return on investment, this will significantly reduce the time to achieve the goal. For calculations, you can use Excel and the compound interest formula. But it sounds complicated anyway. Therefore, we have developed a special
Before you start saving, you need to draw up your personal financial plan. Without it, any goal is, rather, just a dream. Of course, there are specialists in the market for drawing up personal financial plans who can charge 10-50-100 thousand rubles for this. But you can completely save on their services by using free tools from FinEx. Here’s how to use our new calculator.
Everything is simple here: you need to subtract from your monthly income all the mandatory expenses for renting an apartment, for example, a communal apartment, gasoline or metro travel, food, Internet and communications. Build expenses on clothes and, say, entertainment. It is much easier to do this if the family has a budget. If not, then you can analyze the history of your transactions for the last months in the banking application.
What does it do? The ability to determine how much money can be saved from each paycheck.
Now you need to list all your goals for which you need to save: from buying an iPhone to an apartment, education for a child or an additional pension.
You can take the current inflation. For example, in
Now you need to decide on the level of expected return on investment. It all depends on the investor’s risk profile (it is easy to define it, it is enough
For example, with conservative investments, one can conditionally count on an indicative income of about 9-10% per annum, with a moderate level of risk — by 12-13%, with an aggressive one — even a little more. We emphasize that investments are associated with risk, and profitability is not guaranteed. We need it, first of all, to make a meaningful calculation. For simplicity, we assume that the return remains constant over the entire investment period. Of course, this is a simplification — in fact, the profitability can fluctuate significantly from year to year.
It is better not to pledge high profitability, the greater it is, the greater the risks.
The investment period is also important. It is important to take into account that if the goal is short-term (for example, buying durable goods), then with an aggressive strategy, the market may simply not have time to recover from the fall, if it happens, by the time of purchase.
It remains to be seen whether it will be possible to accumulate the required amount on time, taking into account the given conditions.
If the savings are not enough, then you need to adjust the plan. The simplest thing is to increase the investment period.
You can also give up for a while from the least important goal, or cut costs and increase the amount of monthly top-ups, or accept a higher risk, which carries a higher return on investment. But the last option is the most undesirable. The investment strategy must match the risk profile.
Once the financial plan is ready, the ETF portfolio can be assembled into
For each goal, it is more convenient to use your own set of tools, because the timing of their implementation (and, accordingly, the composition of the portfolio) will differ. It is important to update the plan as the market situation and in life change, and also not to forget to rebalance the investment portfolio in order to maintain
The information in the text does not constitute an individual investment recommendation.
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