{"id":392447,"date":"2026-01-07T05:07:22","date_gmt":"2026-01-07T05:07:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/392447\/"},"modified":"2026-01-07T05:07:22","modified_gmt":"2026-01-07T05:07:22","slug":"how-long-will-it-take-you-to-reach-your-savings-goals-for-the-new-year-calculator-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/392447\/","title":{"rendered":"How long will it take you to reach your savings goals for the new year? \u2013 calculator | Money"},"content":{"rendered":"<p class=\"dcr-130mj7b\">As Tuesday marks the official end of the Christmas season, it is time to start thinking about those new year resolutions in earnest.<\/p>\n<p class=\"dcr-130mj7b\">Savings are at the heart of many people\u2019s pledges \u2013 whether it\u2019s building up an emergency fund to cover disasters, or putting money aside for a short- or long-term goal. Cutting down on unnecessary spending is another popular promise.<\/p>\n<p class=\"dcr-130mj7b\">Use our calculator to see how quickly diverting money into a savings account can help you build up a nice nest egg.<\/p>\n<p class=\"dcr-130mj7b\">We have assumed an interest rate of 4% paid yearly.<\/p>\n<p class=\"dcr-130mj7b\">The good news is that one you start saving your money does some of the work for you, as you begin to earn interest on the interest you have earned as well as your original payments. This effect, called compound interest, means you could reach your goals faster than you expected.<\/p>\n<p>Choose your target savings<\/p>\n<p>Your results<\/p>\n<p> Target savings\u00a30Weekly savings from resolutions\u00a30<\/p>\n","protected":false},"excerpt":{"rendered":"As Tuesday marks the official end of the Christmas season, it is time to start thinking about those&hellip;\n","protected":false},"author":2,"featured_media":392448,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":{"0":"post-392447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-personal-finance","10":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/392447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=392447"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/392447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/392448"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=392447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=392447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=392447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}