Step | Example |
---|---|
Determine the amount you would like to contribute per paycheck | $45 |
Multiply dollar amount by the number of paychecks you receive in 1 year
|
$45 x 26 = $1,170 |
Divide total contribution amount from previous step by annual salary |
$1,170 ÷ $30,000 = 3.9% |
Give yourself a boost and round up!