Umar has a fully-funded emergency fund, no high-interest debt, and invests in his retirement accounts. He wants to save $20,000 for a down payment on a house hed like to buy in the next few years. Based on his budget, he determines he can allocate $300 a month to this financial goal. Should he save or invest his $300 a month to get to his goal? If he saves, what type(s) of account should he save his money in? If he invests, what types of securities should he invest in? Calculate multiple scenarios for Umar to consider. For each scenario, include the time it would take for Umar to reach his goal. What do you recommend? Do you have any other advice for Umar?

Yvette is a 20 year old college student who lives at home. She drives a dependable car and has a part- time job. Yvette receives $40,000 in a lawsuit settlement from an accident she had when she was 18. She has no emergency fund and $5,000 in credit card debt. What do you recommend Yvette do with her $40,000 windfall? Do you have any other advice for Yvette?