What do you think about my saving plan?
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dominique
Apprentice
Joined: 02 Sep 2006
Posts: 7
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 Posted: 12/06/07 - 11:56 Post subject: |
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| This summer I spent working but next summer Im definitely going to some faraway place or on a cruise and Ill need much money. I made my saving plan and I need you to tell me if Im real. Im planning to give $100 as a deposit to my savings account every month. In this way, in a year Ill have about $1500 instead of $1200, which will cover my expenses. |
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aymer
Apprentice
Joined: 27 Jun 2004
Posts: 6
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| Posted: 01/05/08 - 02:05 Post subject: |
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| I dont think that will be enough for a cruise, of course it depends on the destination but for the interesting cruises I saw on Internet youll have to pay much more than $1500 . But lets go back to your plan. Im not quite sure about the interest rates that are usual for the type of saving youd like but the amount you calculated is approximately the one that youll certainly get. Still, you could be a usurer and give the total amount of $1500 youll get at much much higher interest rate, 10-20, then you could wait few months or half a year more and you could go on a cruise of your dreams, or you could choose the most expensive destination of all. Youll take risk but higher the risk, higher the gain! |
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