Business, 20.01.2022 19:10 lolirdc

HELP After buying a car and commuting to my job as a teacher, I have decided that I should do as much as possible so that I will be able to buy a house in the next 5 years. Right now, I have $10,000 in the bank and will need at least $25,000 as a down payment. I am still making $30,800 a year as a teacher. Using your financial knowledge, can you help me develop a plan so that I will have enough for a down payment in 5 years?

After reading this avatar, write down how you would advise Rob. How should he plan to invest, save, and pay himself? How much should he be spending on fixed and variable expenses each month? Remember, If someone is thinking about buying a home, and saving for a down payment, these savings should not be in the stock market. As a general rule, any money that will be needed within five years, needs to be in savings, CDs or money market funds. Do not gamble with buying a home. Please limit your answer to one or two paragraphs

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HELP After buying a car and commuting to my job as a teacher, I have decided that I should do as m...

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