Determine impact of only given difference on future wealth

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Reference no: EM131306616

Go to calculators.aol.com/tools/aol/budget03/tool.fcs and go to "How much am I spending?" Do you want to know how your spending habits affect your future wealth? Using this information, you can fine-tune your budget.

a. Enter an actual home payment or rent of $600 per month and a desired amount of $550. Determine the impact of only this difference on future wealth. You can also view the impact graphically by clicking on the Graphs tab.

b. Enter an actual expense for utilities of $350 per month and your desired amount of $250. Calculate the effect of only this change on future wealth. You can also view the impact graphically by clicking on the Graphs tab.

c. Enter an actual expense for food of $600 monthly and a desired amount of $500. Determine the financial consequences of only this change in figures. You can also view the results graphically by clicking on the Graphs tab.

d. Enter actual entertainment expenses of $250 monthly and a desired amount of $175. Determine the financial impact of only this change on future wealth. You can also view the results graphically by clicking on the Graphs tab.

Reference no: EM131306616

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