Question

Using your financial goals from Unit 1, complete this planning worksheet to help calculate how much you'll need to save. In the text box below, enter one of your purchase goals. How much does this cost? You'll need to do some research to answer this question. For example, if your goal is to pay for college, find out what the tuition is for one year. If your goal is to buy a car, look in newspapers and online for prices on the particular car you want. How much money do you currently have saved? How much more do you need to reach you goal? List some steps you can take this year to help you save toward this goal. List some steps you can take next year to save toward this goal.

Answer 1

Rough

A. Enter one of your purchase goals.

Goal: I will buy a laptop after I graduate high school to start writing books.

B. How much does this cost?

Cost: $999.00

C. How much money do you currently have saved?

Money currently saved: $270.00

D. How much more do you need to reach you goal?

Money needed to reach goal: $730.00

E. List some steps you can take this year to help you save toward this goal.

After I graduate from high school I would get a job to start saving money.

F. List some steps you can take next year to save toward this goal.

Next year I will deposit $50 per month into my savings account to reach my goal.

Writer:

Ben's Planning Worksheet

Goal: I will buy a laptop after I graduate high school to start writing books.

Cost: $999.00

Money currently saved: $270.00

Money needed to reach goal: $730.00

After I graduate from high school I would get a job to start saving money.

Next year I will deposit $50 per month into my savings account to reach my goal.