saving spending and credit
Savings Regularly Leads to BIG Results
Saving not only makes it possible to weather unexpected financial storms, it also helps you plan and pay for life events like college or retirement. The key is to start early and save regularly.
Putting a small amount into a savings account each month adds up over time thanks to compound interest. If you save just $10 a week in an account for 10 years that annually yields .2% interest, how much will you have saved?
- $5,200.00
- $5,100.12
- $5,342.80
The correct answer is “C.” Also take advantage of 401-K and 403-B retirement plan savings opportunities at work. We’ll talk about these further in the next module.