Why Save

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Why Save?
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Reasons to save

• To purchase something that cost more money that
  you have now
• Tickets to a concert or show
• Electronics
• Sports equipment
• Travel
• Clothes

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Reasons to save

• To have money in the future
• To go to college
• To buy a car
• To get your own place
• To spend a year in another country
• To start a business
• To invest to make more money

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OK, how much should I save?
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Beginning in eighth grade 50/week - 10,000 at
graduation

• Wheels!
• Champs-Elysees, Paris!
• Campus Life!
• Su propia casa!

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Whoa!! What makes you think Ive got that kind
of money?
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Beginning in eighth grade 10/week - 2,000

• Geek equipment!
• Senior trip in style!
• Greek-week campus clothes!
• Daytona Express times 4!
• Apartment start-up!

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If you invest 2,000 at age 18 and receive 8
yield on the money

• 28 years old - 4,000
• 38 years old - 10,000
• 48 years old - 22,000

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2,000 initial investment with 50 added each
month

• 28 years old - 53,000
• 38 years old - 130,000
• 48 years old - 300,000
• Retirement - 1,500,000

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Where do I find the money to save?

• 1 soft drink a day
• 22 a month
• 270 a year
• 2 movies a month plus eats
• 30 a month
• 360 a year
• 1 less trip to the mall a month
• 65 a month
• 780 a year

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What if I put off starting to save?
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Start the saving habit now!Build wealth
throughout your life!
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Dr. Dena WiseAssociate ProfessorFamily
Consumer SciencesFebruary, 2005