A savings calculator is a digital tool that helps you estimate your future savings based on various factors you input. It's a helpful resource for anyone who wants to:

Set financial goals: Visualize how much you can save for a down payment on a house, a dream vacation, or your retirement.
Plan your savings strategy: See how different savings amounts and interest rates affect your future balance.
Stay motivated: Tracking your progress towards a savings goal can be a great motivator to keep saving.