What is the value of your money?

How important is the value of your money?

You might wonder how the concept of time value of moneythe foundation of your financial acumenaffects your life as a student. Think about all the different aspects of your life that involve money in some form.

Use the following scale to complete the survey that evaluates potential financial concerns you might encounter as a student. (Note:There are no wrong answers. Add up the numbers after you answer the questions to determine the manner in which your personal relationship with finance might affect you. his exercise is intended to help you determine how you will connect, relate, and apply the concepts in this chapter to your daily life.)

On a scale of 1-5,Have I ever thought about...

a. How much student debt will I bear by the time I graduate? What will my student loan payments be?

b. How much money do I need in an interest-bearing account today so that I have at least $1,000 in savings in 3 years?

c. I want to make sure I don't run out of pocket money. How much should I save each month to have at least $500 at the beginning of next year?

d. Does it matter whether I deposit my savings at the beginning of each month or at the end?

e. Do I prefer to use a credit card or a debit card for purchases? Does it matter which one I use?

f. I think I need a car to drive for my internship. If I took out a car loan, what would my loan payments be?

please share your thoughts about this question and use scale to make it on you as example