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Personal Budget Exercise In this exercise, I walk you through step by step, how to make a personal budget and savings plan upon graduation. Please...
Net Surplus or Deficit
Amount saving $200 per month grows to over 40 years ______________________________
Amount 401K basic contributions grows to over 40 years _____________________________
Amount delaying savings until 20 years from now grows to ____________________________
Amount delaying savings until 20 years but bigger contribution grows to _________________
Combined Savings and 401K if start early ____________________
Please note we have made some basic assumptions about interest rate and no change in contributions. Changing either of these slightly can greatly alter your results.