Often, a savings plan is necessary to reach a financial goal. By understanding the various saving plans available (bank savings account, money market account, CDs, retirement plans, college saving plans, and so on) and choosing the best option, you can impact the outcome of the goal.
Complete the following tasks:
- Research and describe an available savings plan that could help reach one of your financial goals. You can choose the same goal that you identified in the Module 5 Analysis.
- Determine three strategies or steps you could use to help you to meet that goal.
- Describe the impact of implementing these strategies on your life.
Submit your responses in a Microsoft Word document of the following specifications:
- Font: Arial; 12-Point
- Line Spacing: Double
- Citation Style: APA
- Length: 4–5 pages (including title and reference pages)