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Topic: Math Help. PLEASE....  (Read 2176 times)

BabyGurlAron06

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Math Help. PLEASE....
« on: September 15, 2009, 12:43:23 am »
I'm trying to save up between $10 and $15 thousand dollars and I already have $3,600. Could you pleae either tell me how much money I need to save daily or tell me how to figure out the number. I have around 2 years to save. And with the year being more than a half over I think it's going to be a little hard.

jenniferbottorff

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Re: Math Help. PLEASE....
« Reply #1 on: September 15, 2009, 02:36:02 am »
Wow that's alot of saving, hope you don't have kids it would be impossible. Good luck though!

mgdellaven

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Re: Math Help. PLEASE....
« Reply #2 on: September 15, 2009, 09:32:35 am »
I'm trying to save up between $10 and $15 thousand dollars and I already have $3,600. Could you pleae either tell me how much money I need to save daily or tell me how to figure out the number. I have around 2 years to save. And with the year being more than a half over I think it's going to be a little hard.


if i'm reading this right, the $3,600 is what you have already saved toward the $15,000? and you need the $15k by december 2010? if so:

15,000 - 3,600 = 11,400
11,400 / 15 months [October 2009 - December 2010] = $760 saved per month

just saw you wanted daily...all of 2010 = 365 days, december and october 2009 have 31, november 2009 has 30, so that's 457 days.
11,400 / 457 days = $24.95/day

[i love math, and i have a lot of time on my hands  :P ]

it'll be tight, but you'd be amazed how quickly the little stuff adds up. daily coffees and/or sodas at work, buying lunch every day...heck, start saving all your spare change - fill up a jar, and see how much you get! good luck to you!

acurtsinger2

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Re: Math Help. PLEASE....
« Reply #3 on: September 15, 2009, 09:38:57 am »
 buy savings bonds.  they are backed by the government and your money will double every 12 years.   there is no other way to earn as much interest no matter what you do.

aimeerose00

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Re: Math Help. PLEASE....
« Reply #4 on: September 15, 2009, 09:57:05 am »
Good for you! I can't even manage to save $100 a month. I am always poor.

oldbuddy

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Re: Math Help. PLEASE....
« Reply #5 on: September 15, 2009, 08:37:23 pm »
buy savings bonds.  they are backed by the government and your money will double every 12 years.   there is no other way to earn as much interest no matter what you do.
The interest you can earn is higher if you are willing to stomach the risk. I have been getting 14% a week for months.

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