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.
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.
- If Ms. Hoffman started saving on July 15, 2013, how much would she have to save each month to meet her goal?
- If Ms. Hoffman started saving on March 1, 2014 how much would she have to save each month to reach her goal?
- If Ms. Hoffman started saving on May 15, 2014, how much would she have to save each week to meet her goal?
- 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.)
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