Savings Efficiency Score: how well does your income turn into savings?
Earning more is only half of it. The Savings Efficiency Score looks at how much of what you earn you actually keep, whether you are putting money toward your goals, and whether you do it month after month.
What goes into your Savings Efficiency Score
- Savings ratio40%
- The share of your income you keep. This is the biggest part of the score.
- Goal commitment25%
- Whether what you put toward your active goals matches what you planned to put in each month.
- Expense discipline20%
- How small the non-essential share of your spending is. Deliberate savings, like an FD deposit, are not counted as spending.
- Consistency15%
- In how many of the last six months you managed to save something.
What you need, and how to use it
What it needs: Income and expense entries, ideally over several months, since consistency looks at the last six. Goals are optional but add up to 25 points.
- Record your income and spending, and mark savings transfers as savings.
- Set a savings goal with a target amount and a date.
- Open Insights, then Savings efficiency, to see the score and its four parts.
Questions people ask
How much of my income should I save?
There is no single right number: it depends on your income, your commitments and your goals. The score shows where you stand today and what would move it, so you can set a target that fits your situation.
Does money I put into an FD or savings account count as spending?
No. Entries marked as savings are left out of your consumption, so they raise your savings ratio instead of lowering it.
Do I need to set goals?
No, but the goal commitment part is worth a quarter of the score and scores zero when you have no active goal. Setting even one goal, and putting money toward it each month, can add up to 25 points.
Is it free?
Yes. Everything in the app is free to use at the moment: there is no paid plan to choose.
See your own numbers
Create an account, add a few entries and open Savings Efficiency Score. It works from what you record.