BAD220 - Unit 2 Comments

 

Goal Seek - Personal Finance

In this unit you watched a video about the Goal Seek feature in Excel. The example used was a spreadsheet that you can use to estimate how much money you could have in the future based on amounts saved and investement return assumptions.

You all answered a question in the Assignment about what percentage of your income you are thinking about saving. In the Exam in Unit 3, you will download an Excel Workbook to use in the Exam. One of the sheets in this workbook is a copy of the spreadsheet that was used in the video. You are welcome to take keep this copy and use it in the future when making decisions about saving.

My non-mathematical view of personal savings is that if you spend less than you earn year-after-year, you have an opportunity to be finacially independent. If you spend all of what you earn, you will be under permanent financial stress because living paycheck-to-paycheck is stressful.