Basically, the article was about how the columnist wrote a section in the newspaper regarding the amount of debt that college graduates have to face as soon as they get their diplomas. It also states the importance of saving and how a little money you save monthly for example around 250 dollars, can add up to thousands that you can retire to by the time you reach 60. I think that the advice he gives is very smart and has inspired me to start saving as soon as I can because it will definitely pay off by the time I am old and wrinkly.
To save, I can cut down on shopping for uneccessary clothing, shoes etc. I also can stop eating out as much with my friends in fast food places and I think that adds up a lot. It's really important to save in life because a lot of time people pay their bills and everything that have to pay and the little money that they have left over and spend it on petty things because they feel like it is more important. But the reality is that if in the future, you want to retire and settle down you should save money since a young age so you can have something to rely on when you get older.
One tip that the author mentions that I plan to apply to my life is saving around 100 dollars a month for every month. Eventually that will add up to enough money so I can have some extra money when I get older to help me settle down and buy a house to grow old in !
Tuesday, June 5, 2007
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