Lately, I have been reading through blog posts telling me that I should save and invest a certain percentage of my income or even a certain amount of money. Since we all do not live in the same place and salaries and prices vary from location to location I was interested to create a tool that loads live data and produces some statistics.
I found that Numbeo offers such a service and I created a small web service to load data about cities and calculate how much money could I save in average. Graz is the city that I currently live in and according to Numbeo, the following table illustrates how much can I save/invest per month.
Registered members can also use the search input to find information about their city.
|Average Salary||Monthly Rent||Monthly Costs||Savings|
Try using the compound interest calulcator to calculate how much can you save. The compound interest calculator can be found here
For now, I do all of my trading via eToro and you can read about that in here. If you are interested in finding out more about investing, I can suggest this --> The Intelligent Investor.
This is not financial advice.
I am not a financial advisor.
The intention of the post is just to share my experiences.
eToro Disclaimer : "66% of Retail CFD Accounts Lose Money