Applications

This app calculates how much you have to save per month to buy a house, car or any other goal

Saving is not easy for Spaniards, although there are those who manage to go from profligate to saver with a few tricks. Sometimes we may not be aware that By allocating a small amount of money per month for a few years, we can accumulate a significant sum (as long as our balance between income and expenses allows us to save).

We are going to talk to you about MoneyBox, a great app that allows us to put our feet on the ground about how much money per month must be allocated to buy what we want: a house, a car, a telephone or any other object that we need.

Set savings goals with MoneyBox

How MoneyBox works is very simple: it is an app that allows you to set very specific savings goals. Imagine that you need a vehicle that costs 20,000 and you need about 6,000 euros for entry, For how long would you need to save certain money?

We can tell the app that we want to save X money by X date: it will tell us how much we should save per month, per week or every two months to achieve it

With this app we can set the saving time we wantIn other words, we can establish that the savings goal, if we do not have a lot of capacity, is set for certain years ahead. To establish the savings goal we can configure all these parameters:

Savings

  • Name of the objective that we want
  • Information about it
  • Amount the goal costs
  • Currency in which we are going to buy it
  • Target date we want to buy it
  • Savings frequency

For this example we have set a saving goal of 6,000 euros that we want to obtain within 5 years for the entry of a car. That is, we are asking the app how much would we have to save per month for 5 years to have this sum.

The app has calculated that we need just over 80 euros per month to achieve this goal, a figure that can help us to know if it is realistic or not to save to buy a certain object. The app also shows us the percentage of money that we have saved until the final goal, something quite motivating if we manage to be constant in saving.

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