[Calculators](https://pecuvo.eu/en/calculators/) · Saving for a goal # When will I have the money? Savings goal calculator Enter the goal, what you already have and what you set aside each month. The calculator tells you when you will get there — and how much to save if you want it sooner. The numbers stay in your browser and are not sent anywhere. Knowledge, not financial advice — for a specific decision, read the contract and ask an independent specialist. ## How it is calculated Each month the savings grow with the interest and the new contribution until they reach the goal. The contribution for a given term comes from the future value of equal payments. From the modules: set the money aside on payday (“pay yourself first”) and keep the goal money separate from your emergency fund. ## The terms in the Glossary - [Saving](https://pecuvo.eu/en/glossary/saving/) — Saving is setting aside part of your income today to use later — for a reserve, a goal or the future — with the money ke - [Financial goal](https://pecuvo.eu/en/glossary/financial-goal/) — A financial goal is a specific amount you want to save or pay off by a set date — how much, by when, and how much per we - [Pay yourself first](https://pecuvo.eu/en/glossary/pay-yourself-first/) — "Pay yourself first" is the principle that saving is the first expense on payday, not whatever is left at the end of the - [Compound interest (compounding and capitalisation)](https://pecuvo.eu/en/glossary/compound-interest/) — compound interest is interest charged not only on the starting amount but also on interest already added — which is why - [Emergency fund](https://pecuvo.eu/en/glossary/emergency-fund/) — An emergency fund (reserve) is money set aside only for unexpected costs — illness, repairs, losing a job — kept accessi ## In depth in the modules - [Module 9 · Managing cash flow — with the tool](https://pecuvo.eu/en/modules/managing-cash-flow/) - [Module 8 · The iron principles of cash flow](https://pecuvo.eu/en/modules/the-iron-principles-of-cash-flow/) ## More calculators - [Net salary (example: Bulgaria)](https://pecuvo.eu/en/calculators/net-salary-bulgaria/) - [Loan and APR](https://pecuvo.eu/en/calculators/loan-repayment-apr/) - [Compound interest](https://pecuvo.eu/en/calculators/compound-interest/) - [Emergency fund](https://pecuvo.eu/en/calculators/emergency-fund/) - [Pay yourself first](https://pecuvo.eu/en/calculators/pay-yourself-first/) - [Budget](https://pecuvo.eu/en/calculators/budget/) - [Inflation](https://pecuvo.eu/en/calculators/inflation/) - [Bulgarian lev and euro](https://pecuvo.eu/en/calculators/lev-to-euro/)