Two ways to plan
- By a deadline: you know when you need the money; the planner tells you how much to save each month.
- By a monthly amount: you know what you can save; the planner tells you how long it will take.
Example
A goal of SAR 25,000 for Hajj, with SAR 3,000 already saved:
- To reach it in 18 months: (25,000 − 3,000) ÷ 18 = SAR 1,222 a month
- At SAR 1,500 a month: 22,000 ÷ 1,500 = 15 months
See when your next salary arrives with the payday countdown, and plan your budget around it.