Here are what you need to consider when making your savings👇👇

1. Emergency Fund Size: How much do you need in your emergency fund to cover 3-6 months of living expenses?

2. Goals and Priorities: What are your short-term and long-term financial goals? Prioritize them to guide your savings plan.

3. Budget Analysis: Have you thoroughly analyzed your income and expenses to determine how much you can realistically save each month?

4. Interest Rates: Are you maximizing your savings by choosing accounts with competitive interest rates or exploring investment options?

5. Debt Repayment: Should you focus on paying off high-interest debts before saving aggressively?

6. Risk Tolerance: What level of risk are you comfortable with? This influences your choice between safer options like savings accounts or riskier investments.

7. Retirement Planning: Are you contributing enough to your retirement accounts to secure your future?

8. Inflation: Consider the impact of inflation on your savings. Ensure your savings grow at a rate that outpaces inflation.

9. Diversification: If investing, are your investments diversified to reduce risk?

10. Review and Adjust: Regularly review your savings plan and make adjustments based on changes in your financial situation or goals.