This Chart Provides Financial Advice Based on Your Goals
Jonathon Brown — May 14, 2013 — Special
References: feedthepig.org & aicpa.org
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Most people studied math in school at some point, but traditional schooling doesn't necessarily explain how to manage personal finances. This infographic aims to alleviate some of the confusion by providing a clear look at where some of your money goes and how your savings can grow with just a little extra focus each month.
Saving money can be a tough habit to get into, but the reward is high if you start early. This infographic hammers home the incentive of regular savings contributions by forecasting compound savings over five, 10 and 30 year periods. By saving $100/week, you can accumulate almost $200,000 over 30 years. If finding $100/week to put aside is a bit daunting, the infographic also takes a look at popular expenses like cellular data plans and offers cost-saving alternatives. By making small adjustments to your monthly budget, you'll free up a few extra dollars a month that will mean a lot to your future down the road.
Most people studied math in school at some point, but traditional schooling doesn't necessarily explain how to manage personal finances. This infographic aims to alleviate some of the confusion by providing a clear look at where some of your money goes and how your savings can grow with just a little extra focus each month.
Saving money can be a tough habit to get into, but the reward is high if you start early. This infographic hammers home the incentive of regular savings contributions by forecasting compound savings over five, 10 and 30 year periods. By saving $100/week, you can accumulate almost $200,000 over 30 years. If finding $100/week to put aside is a bit daunting, the infographic also takes a look at popular expenses like cellular data plans and offers cost-saving alternatives. By making small adjustments to your monthly budget, you'll free up a few extra dollars a month that will mean a lot to your future down the road.
Trend Themes
1. Personal-finance-management Infographics - Opportunity for the creation of personalized personal finance management tools that are both informative and visually appealing for millennials and younger generations.
2. Savings-focused Infographics - Opportunity for financial institutions and service providers to offer visually engaging infographics to encourage savings and investments while promoting their own products or services.
3. Cost-saving Data Plans Infographics - Opportunity for mobile providers to redesign data plans and offer more cost-effective plans to consumers who are looking to save money strategically.
Industry Implications
1. Financial Services - Financial institutions could use these infographics as a tool to educate new and existing clients on the importance of saving and investing while promoting their own products or services.
2. Personal Finance Apps - Opportunity for developers to create user-friendly apps that offer valuable information on personal finance management, and that include engaging infographics, push notifications and rewards.
3. Mobile Service Providers - Mobile companies could offer cost-effective data plans while still providing the quality services required by savvy consumers looking to save money.
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