identifying steps to create a savings plan\nexplain three steps an eighth grader should take to create a…

identifying steps to create a savings plan\nexplain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two - year job training program.

identifying steps to create a savings plan\nexplain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two - year job training program.

Answer

Brief Explanations:

  1. First, determine the cost of the two - year job training program including tuition, fees, and living expenses. This helps in setting a savings goal.
  2. Then, create a budget to identify sources of income (allowance, part - time jobs if possible) and areas where expenses can be reduced to free up money for savings.
  3. Finally, open a savings account, preferably one with a good interest rate, to start depositing the saved money regularly.

Answer:

  1. Determine program costs.
  2. Create a budget.
  3. Open a savings account.