The financial formulas for these are based on making a deposit just once, at the beginning. Another, more practical way to save money for future use is to use a systematic savings plan (aka systematic investment plan). Be sure the web page you found includes the information you need to discuss in your paragraph (see below).

1. What web page(s) did you find? Identify each web page by their title (as shown in the search results) and web address (URL).
2. Describe in your own words what a systematic savings/investment plan involves.
3. Do you think you will be budgeting some percent of your income and using a systematic savings/investment plan now or some time in the future, to help you build long-term savings?
   1. If yes, when do you see yourself starting the systematic savings/investment plan, and about what percent of your monthly income would you be able to or willing to save? Explain your reasoning.
   2. If not, how could you adapt the systematic savings/investment strategy to fit your personal situation now or in the future? Explain your reasoning.