I have been wanting to put this lesson together for awhile. I created an annuity spreadsheet to calculate the long-term impact of various spending habits. What would your retirement income look like if you brewed your coffee at home instead of going to Starbucks or drove a sedan instead of an SUV? When you replace small spending habits over a 30 year period and earn investment returns on the savings, the difference can be tens and even hundreds of thousands of dollars. Check it out:
Budget Breakers
Published by Douglass Gaking
Doug is a certified business educator and music educator. He currently teaches businesses and computer science at Avon High School in Avon, Indiana and is the director of IGNITE Winter Percussion in Shelby County, Indiana. He was a band and choir director for 13 years and continues to judge and clinic with ensembles. He performs drums and percussion, composes and arranges music for concert band, marching band, and percussion ensemble, and teaches and writes about business, finance, and economics. He has a B.M. in Music Education from Butler University and an M.B.A. in Economics from Southern New Hampshire University. He is also an avid reader and a lover of art, history, science, and nature, especially birds and other wildlife. View all posts by Douglass Gaking
Econ4All 