Use our quick guide to see how much you could set aside from each paycheck to save two paychecks in 2020.
- Multiply your paycheck by two.
- Count the number of times you get paid per year (52 for weekly or 26 for bi-weekly).
- Take your doubled paycheck and divide it by the number of times you get paid per year.
- The number you get is how much you should set aside each time you get paid to save two paychecks in 2020.
For example, if you get paid $800 each week and multiply that by two, it’s $1,600. Divide that by 52, and you get about $31. Set aside $31 from each paycheck (that’s only 3.9% of your paycheck) and you’ll have $1,612* (plus dividends!) saved up in 2020.
Tell us how much you want to save in 2020!
Set up recurring, automatic money transfers to your savings from another account to take the guesswork and hassle out of growing your savings. Fill out the form below to get started.
Pick Your Payout accounts earn a higher dividend rate and include fees for withdrawals prior to your scheduled payout date. Other savings account options are available.
*Example calculation based on 52 paychecks if you start saving on Friday, January 3, 2020.