Tuesday, March 4, 2014

Setting a Savings Goal to Travel

Traveling can cost money! Sometimes it can cost a lot of money. 





What should you do if you want to travel but don't have money now?



If you said "Set a Savings Goal" then you are right! When you set a saving goal, you need to know how much money you want and how much time you have to save for it. Then you need to make a plan.

Ms. Hoffman wants to rent a safari truck in Africa. The truck costs $3,000. She wants to rent the truck starting on July 15, 2014.
  1. If Ms. Hoffman started saving on July 15, 2013, how much would she have to save each month to meet her goal?
  2. If Ms. Hoffman started saving on March 1, 2014 how much would she have to save each month to reach her goal?
  3. If Ms. Hoffman started saving on May 15, 2014, how much would she have to save each week to meet her goal?
  4. If Ms. Hoffman started saving on Jan 1, 2014, how much would she have to save each month to meet her goal? 
What is your saving goal??  Make a plan to meet your goal!

*Check back tomorrow to see the correct answers! (Update: answers here.)

No comments:

Post a Comment