Saving Towards Goal

Need to plan how to save for that savings Goal, vacation and course?
Use our saving towards a goal calculator to estimate how long and how to save to achieve that financial goal.




Saving Terms of Reference

Initial Deposit:This is the first amount of money you started with in your savings.
Monthly Contribution:This is how much you are willing to contribute to your savings every month.
Interest Rate:This is the percentage of interest the bank will pay for your savings.
Tenor:This is how long you will be saving for,it could be in months or years.
Interest Earned:This is the amount of money you earned based on the interest rate on your savings.
Contribution Frequenty:This is how often you want to add to your savings,the options include weekely,bi-weekly,monthly and annually .
Interest Compounding :This is your earnings on your savings/investment plus previous interest.Using this calculator you can compute how often your interest is added in your account,the options include daily,weekely,bi-weekly,monthly,quartely and annually .

Disclaimer

This calculation is based on the accuracy and completeness of the information you have provided. Result is for information purposes only and it is not intended to provide specific financial advice and should not be relied upon in that regard. You should speak to a financial advisor or accountants for an informed decision to ensure your personal circumstances have been taken into consideration.