A Simple App to Help with Short Term Saving Goals
Sometimes more expensive purchases cannot be made immediately, you need to put away some cash regularly to afford it. This App calculates how much you must save every period (day, week, month or year) to achieve a given lump sum.
Alternatively if are putting away a given amount each period it will tell you how much you will have at the end of a number of periods (days, weeks, months or years).
The App helps you to understand what must be saved on a regular basis to reach a short term saving goals. In the following example the lump sum to save is 150 over an 8 week period. To achieve this 18.75 must be put aside every week.
In the next example it is seen that to save 8000 over 12 months then 153.85 needs to be saved every week. However, if the amount saved is rounded up to 160 then after 12 months the total available is 8320.
The App helps work out what you save by cutting out those little purchases you make on a regular basis. What would you save after 6 months if you cut down your daily purchases by 2, well 366.