Part 2: My Savings and Investment Plan
You must save and invest a minimum of 10% of your monthly budget. Getting closer to
the expert recommendation of 20% will earn you more points in this section.
Everyone must have savings and investing.
Part A. Write out a detailed plan for your savings and investing. For each element
include the following.
1 Type of Investment
2. Amount ($) of money each month going to that option.
3 % of your savings and investment represent by this choice
4. Why did you make the choice for this investment?
1.
Part B Answer the following questions about your savings and investment plan.
What total percentage of your monthly income is being saved and invested?
What is the total dollar amount for savings and investing?
2. What are your short term and long term goals for your saving and investing plan?
3. If you did not hit the target of 20% in savings and investments, what were your
justifications for these decisions? How might you get to the target in the future?