Fin100 case 4

Simplified Savings Strategy Author’s Name Institutional Affiliation Course Code and Name Professor’s Name Date Simplified Savings Strategy Step 1: What is Left Over After deducting taxes and expenses, my actual income is $825. It is an amount I get after a deduction of 45% from a gross income of $1,500. This step is vital as it provides information about how much I am left after with after paying taxes and catering for my expenses. Step 2: Ultimate Saving Goal My ultimate saving goal is $6,000. I set my saving goal based on Gerrard et al.’s (2014) assertion that savings amounts should be carefully determined using present needs, existing needs, financial condition, and future demands, which indicates the amount is practically viable. I chose that amount since it is feasible provided that I balance between...