The savings story of Andy and Betty
Andy started his savings of
RM200/month at the age of 25 and stopped his savings at the age of 34.
Betty started her savings of
RM200/month at the age of 35 and stopped her savings at the age of 44.
And so, Andy has saved for 10
years. His total savings is RM200 x 10 years = RM24,000
And so, Betty has saved for 10
years. Her total savings is RM200 x 10 years = RM24,000
What happens to Andy's and Betty's
savings when they are 55 years old?
Assuming their savings are earning
dividend of 8% per annum.
Andy's savings balance at age of 55
Betty's savings balance at age of
55 is RM81,756
The difference is RM99,714
although they each saved
RM24,000 in same total
This proves that promptness in
savings is great advantage in long term
How shocked was Betty to discover
So, Betty plans a strategy to
recover her loss caused b lateness in savings compared to Andy's.
Apa happened then?
If you start to get interested with
this thing called savings, contact us today for exciting story-telling.
We will tell you the ending of
Andy's and Betty's story.
Let us explore the secrets of
savings which is not as simple as we expect it is.
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