Scribd
Upload
30 views1 page

4 & 6 (Areas)

Laura and Marty are 35 years old with no savings and plan to work until age 65, giving them 30 years to save for their future goals. They currently live comfortably but have no savings, as most of their money goes to debts, expenses, wants, and needs including credit card and student loan payments. They also enjoy annual vacations and social events, leaving little left over to save. Saving involves setting aside part of current income for future use, with factors like expectations of future income and interest rates affecting how much individuals save.

Uploaded by

eath__
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
30 views1 page

4 & 6 (Areas)

Laura and Marty are 35 years old with no savings and plan to work until age 65, giving them 30 years to save for their future goals. They currently live comfortably but have no savings, as most of their money goes to debts, expenses, wants, and needs including credit card and student loan payments. They also enjoy annual vacations and social events, leaving little left over to save. Saving involves setting aside part of current income for future use, with factors like expectations of future income and interest rates affecting how much individuals save.

Uploaded by

eath__
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Amount/Period of Time to Achieve their Future Goals

Laura and Marty are 35 years old and have no little savings. They both plan on working until they
reached the age of 65 and not a day beyond that. With their current age and the time when they plan
to stop on working, they have about 30 years to save up for their future plans and goals.

No Amount of Savings

The process of putting aside a part of current income for future use of the flow of resources gathered in
this over a given period of time is saving. The preference for future over present consumption,
expectation of future income, and rate of interest are some factors that affect the extent to which
individuals save (The Editors of Encyclopaedia Britannica, 2019). The 3 year couple is living a
comfortable lifestyle yet they have no amount of savings. Most of their money goes to their debts,
expenses, wants, and needs. They have outstanding credit card debts and college loans. Also, the Halls
are fond of taking yearly vacation trips and are inclined in having parties with their social circle so as to
keep up with them. With substantially paying for all of these they have little to no amount of savings.

The Editors of Encyclopaedia Britannica. (2019, December 19). Saving. Retrieved October 13,
2020, from https://www.britannica.com/topic/saving

- Hello hahaah sarreh medyo nubo sa time/ period coz idk how to expand. If want mo pa ipa
expand hambal lang tyyyyyy.

You might also like