Question

Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Did your overall portfolio increase or decrease in value? Which investments or accounts increased and which decreased? By how much? What did you learn about investing from this project? Did you learn about how much risk you like to take? Did you learn about how much work is involved in selecting investments? Explain.

Answer 1

1. Make a financial plan. 2. Pay off any high interest debts. 3. Start saving and investing as soon as you’ve paid off your debts.