Your saving rate is calculated as the percentage of income you put towards saving and investment accounts each period. Less is not more.
The primary objective of goal setting in this way is to be able to roll with things as they come in. It’s intentional saving because you know what the money is being saved for. By spreading it out over time, you reduce risk.
A forecast helps us think about the future and help prepare us for what to do if a certain situation strikes. We can catch a potential issue (maybe something we should be saving for now) early to help prepare us.
Minimalism can help you rediscover what you want out of life, help you save money, work towards your passions, and achieve financial independence sooner.
Imagine what you would do with extra cash lying around. Now use this article to learn how living a frugal lifestyle can help you get there.