How much should I invest for 1000 a month?
For $1,000 per month, you’d need to get a $12,000 annual dividend yield, which would need about $120,000 invested. And of course, factoring in taxes, these numbers would need to be 35–40% higher, give or take a few variables.
How much of your income should you save every month?
How can I save $1000 a month?
Overview of how you can save $1,000 this month
- Cut unused subscriptions.
- Negotiate cable, banking, and internet costs (w/ my included scripts)
- Get bank fees waived.
- Reduce cellphone bill & car insurance.
- Leverage discounts from your employer, car insurance, credit card, etc.
- Use a buying checklist.
Is saving 500 a month good?
The golden rule of saving money is that at least 10% of your income should be saved for the future. So, the monthly saving of $500 is good if you earn $5000 per month, awesome if you earn $3000 per month.