Cutting small expenses such as by not going to starbucks

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David Bach, author of Start Late, Finish Rich, recommends paying yourself first, cutting small expenses such as by not going to Starbucks but brewing your own coffee, and saving 20% of your income. To get started saving, he recommends saving $2 per day. If you saved $2 per day for five years then invested that amount for an additional six years at 6% compounded quarterly how much would you have saved? 

Reference no: EM133442819

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