After reviewing all the cost cutting measures I anticipate I could cut back and save approximately $15000 a year if I put those measures into practice. Some of the cost cutting measures would not be hard to do because I do not smoke and I make my own coffee at home. However, I do love my shoes and I love to pamper myself with a manicure/pedicure at least once a month. However, overall I think I may have to start practicing some of these tips as I can see where it would assist me in saving money.

Q2. Looking at bettering your long-term financial situation, explain how you would invest the money you would save each year.

Q3. Estimate how different your financial situation would look if you continued saving and investing over a ten-year period.