Hey, I need a outlined created following the sample outline I attached in the files. in this outline the thesis is ": People who maintain their spending habits have a better chance of increasing thei
Annotated Bibliography
Heyford, Shauna Carther. "Investopedia." 2020. Understanding the time value of money. 2021 <https://www.investopedia.com/articles/03/082703.asp>.
In this Investopedia post, Heyford aptly captures the idea of the time value of capital. It covers topics like the current and future value of money, emphasizing the importance of starting to save early. However, since it is not peer-reviewed, Investopedia is not a credible source of knowledge in academic literature. I'd also use the details to further my understanding of why students should start saving early.
Kearns, Suzanne. "The Psychology of Money – How saving and Spending Habits are Programmed in Your Brain." N.D. Money Crashers. 2021 <https://www.moneycrashers.com/psychology-of-money-saving-spending-habits/>.
This article is important for understanding how spending and saving patterns are hardwired into human nature. According to the popular blog post, there is a strong cognitive Liablity toward saving actions. Famous blog posts, on the other hand, are not peer-reviewed and therefore are not considered credible sources. Nonetheless, the author's topics are groundbreaking; hence, I will still use the article to create a consistent understanding of the concepts basis of spending and saving behaviors..
Kieschnick, D. A. H. (2006). Financial knowledge levels and savings behaviors of Bermudian high school seniors at CedarBridge Academy. https://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1863&context=rtd
This article provides objective evidence for why students should be concerned about their income and spending patterns. The scholar claims he has discovered evidence that students' financial literacy is poor and that many think they should not be saving. As it is a thesis project, the source is trustworthy because these projects are subjected to several peer and teacher reviews before they are approved. I will use this source to further my understanding of the relationship between student saving actions and financial literacy.
Maison, Dominika, et al. "You don’t have to be rich to save money: On the relationship between objective versus subjective financial situation and having savings." PloS one 14.4 (2019): e0214396 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6443156/
This article explores the psychology of saving in order to better understand why some people save and others don't. The writers address an educated academic audience, and the peer-reviewed, up-to-date article is therefore a trustworthy, scientific source of knowledge about how students can develop their saving habits. This article will be used to support my point that students can save money regardless of whether they earn more or less.
U.S. Securities and Exchange Commission. "Saving and investment for students." N.D. Investor.gov. 2021 <https://permanent.fdlp.gov/gpo131331/savings-investing-for-students.pdf>.
This article summarizes the concept of student saving by discussing issues such as its value, investment opportunities, and coping with different risks. The authors of the article hope to inspire students with creative money-saving ideas. The source is trustworthy, and the topics discussed are logical and believable. I'll use this resource to expand on my awareness of different investment habits that students can cultivate instead of overspending.
HAYHOE, CELIA RAY, et al. "Differences in Spending Habits and Credit Use of College Students." Journal of Consumer Affairs, vol. 34, no. 1, 2000, p. 113. Gale Academic OneFile, link.gale.com/apps/doc/A63847095/AONE?u=cuny_broo39667&sid=AONE&xid=ca6f5492. Accessed 17 Mar. 2021.
This article covers a variety of topics related to students' spending habits and how they could save money. This article's authors focus on all genders and how their spending habits affect them. Gender has a larger effect on predicting financial management operations, according to this source.
