	Money IN/Money OUT *What can $10-a-Month Do?*

Money IN/Money OUT

What can $10-a-Month Do?

Can you save $10, $20 or $50 each month? The chart below shows how the money you save earns more value with varying interest rates over time. You can use the chart to determine the yield on savings amounts that are multiples of ten. For example, putting aside $10 a month for 10 years at 6% interest will give you $1639--the figure at the intersection of 10 years and 6% interest. If you invest $40 a month (four times as much), multiply $1,639 by 4 and you will have $6,556.

Year Face
value 2% 4% 6% 9%

1 $120 $121 $122 $123 $125

2 $240 $245 $249 $254 $262

3 $360 $371 $382 $393 $412

4 $480 $499 $520 $541 $575

5 $600 $630 $663 $698 $754

10 $1200 $1327 $1473 $1639 $1935

15 $1800 $2097 $2461 $2908 $3784

20 $2400 $2948 $3668 $4620 $6679

25 $3000 $3888 $5141 $6930 $11211

30 $3600 $4927 $6940 $10045 $18307

*Adapted from Financial Fitness,Lesson 6

Year	Face value	2%	4%	6%	9%
1	$120	$121	$122	$123	$125
2	$240	$245	$249	$254	$262
3	$360	$371	$382	$393	$412
4	$480	$499	$520	$541	$575
5	$600	$630	$663	$698	$754
10	$1200	$1327	$1473	$1639	$1935
15	$1800	$2097	$2461	$2908	$3784
20	$2400	$2948	$3668	$4620	$6679
25	$3000	$3888	$5141	$6930	$11211
30	$3600	$4927	$6940	$10045	$18307

A LITTLE along-the-way is better than MORE Later!**
Saving Now compared to Saving Later, earning 9% interest:

Starting today	Saving $50 per month	In 20 years=$33,394
Starting 10 years from today	Saving $150 per month	In 20 years=$29,027
Starting today	Saving $150 per month for 9 years	In 44 years=$579,471
Starting 10 years from today	Saving $150 per month	In 44 years=$470,249

_{North Carolina State University

College of Agriculture and Life Sciences

North Carolina Cooperative Extension Service

Family & Consumer Sciences Department}