How do you determine how much to save?

We offer a Savings Planning Tool that will help you determine how much to save based on your specific scenario and savings goals.

It’s important to remember, when deciding how much to save, focus on what you can afford. You may want to, but you don’t have to save for everything. A recent survey by Sallie Mae found that parents expect to pay about 40% of their children’s college costs. One popular approach to saving is to focus on saving for just one category, like tuition and fees.