(Closed) Savings Plan

posted 6 years ago in Money
Post # 3
Member
6123 posts
Bee Keeper
  • Wedding: August 2012

@amazingbee:  I saw another chart of Person A contirubing $2,000/year ages 18-25 (so a total of 7 years), then Person B didn’t start contiburing until age 35 and went for 20 years.  Person A had more money at the end due to compounding interest!  I forget the exact numbers honestly, but the message was to show the beauty of compounding interest and starting EARLY.  Every high schooler should see it.

The topic ‘Savings Plan’ is closed to new replies.

Find Amazing Vendors