Lesson 2 - Value of Money - Part 6

Goal Planning - Continued

To make this determination it is helpful to look up actual costs associated with each Goal. Again we need to plan for these costs as if they are happening right now. We will also have to figure out how many years we have before the funds are needed for each goal. This will give us a base for determining how much should be saved to obtain these goals, bearing in mind the power of compounding interest over time. We have put the associated costs in a spreadsheet below:

Click Here to View and Download this Excel File