responding back to classmates
The topics covered in weeks one and two are important for adults to understand because we should know how to plan for the future when considering finances and future goals. I decided to put $5 bi-weekly with the original 0.25% that was on the website, compounded annually, with $100 in additional contributions, assuming I had the extra money. Over 10 years, the estimated total was $26, 334, $53,328 over 20 years, and $81,005 over 30 years. It is interesting to see how such a small amount of money has the potential to add up over different amounts of time. Some examples of opportunity cost in my own life would be having children. It is harder to save and be consistent when you have children at different stages in your life. Mine and my husband’s biggest worry when discussing SMART goals is getting our financial foundation settled. We have been in a financial bind due to some unfortunate personal circumstances and before we can begin to think about buying a house or a second vehicle, we have to get our current finances in order.The post responding back to classmates first appeared on Solving Essays.
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