The Importance Of Saving: Morgan's Advice To Hannah
To Save or Not To Save: Morgan’s Advice To Hannah
Hannah, I see that you have had some problems with your saving habits and I want to help you. I myself know the importance of saving and I want to help get you get on the right track, as a person with experience, I know how to save. I am going to help to the best of my ability to get you out of this rut and have enough money when you retire. Get ready Hannah for the great advice I am going to give you that will drastically change your life.
“Why did you not save a portion of your paycheck when you got payed from your job at the mall?’ “I didn’t think it was necessary to save money when I got payed and I would rather spend money at the place I work instead” Hannah says. “Well, there is a thing called emergency funds that help with unexpected events and now you broke your ankle and didn’t have enough money for the medical bills so now you have debt that you can’t currently pay.” Hannah says. “You should have set SMART goals for yourself which help with a lot of things like financial stability. “Can you explain to me what a SMART goal is and how to set one up Morgan?” Hannah says. “Sure, A SMART goal has to be Specific, Measurable, Attainable, Realistic, and Timely. An example would be saving 20% of your paycheck for the next two years until you go to college.”
“There is many more things that we have not discussed that I need to share with you Hannah.” “Ok I am ready for you to give me the …show more content…
“So in the end, you can have as good financial stability as I do! This is why it was very important for me to tell you what you needed to know about savings and keeping financial
Hannah, I see that you have had some problems with your saving habits and I want to help you. I myself know the importance of saving and I want to help get you get on the right track, as a person with experience, I know how to save. I am going to help to the best of my ability to get you out of this rut and have enough money when you retire. Get ready Hannah for the great advice I am going to give you that will drastically change your life.
“Why did you not save a portion of your paycheck when you got payed from your job at the mall?’ “I didn’t think it was necessary to save money when I got payed and I would rather spend money at the place I work instead” Hannah says. “Well, there is a thing called emergency funds that help with unexpected events and now you broke your ankle and didn’t have enough money for the medical bills so now you have debt that you can’t currently pay.” Hannah says. “You should have set SMART goals for yourself which help with a lot of things like financial stability. “Can you explain to me what a SMART goal is and how to set one up Morgan?” Hannah says. “Sure, A SMART goal has to be Specific, Measurable, Attainable, Realistic, and Timely. An example would be saving 20% of your paycheck for the next two years until you go to college.”
“There is many more things that we have not discussed that I need to share with you Hannah.” “Ok I am ready for you to give me the …show more content…
“So in the end, you can have as good financial stability as I do! This is why it was very important for me to tell you what you needed to know about savings and keeping financial