Problem 1: After reviewing all the cost cutting measures I anticipate I could cut back and save approximately $15000 a year if I put those measures into practice. Some of the cost cutting measures would not be hard to do because I do not smoke and I make my own coffee at home. However, I do love my shoes and I love to pamper myself with a manicure/pedicure at least once a month. However, overall I think I may have to start practicing some of these tips as I can see where it would assist me in saving money.
Problem 2: Looking at bettering your long-term financial situation, explain how you would invest the money you would save each year.
Problem 3: Estimate how different your financial situation would look if you continued saving and investing over a ten-year period.
(response is 450 to 500 words)