Money Management Skills



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much less than their permanent income—for example, while they

are in college—the life cycle model says that he or she should be

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most sense is to save less early in life, and then to increase your

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Saving and Investments
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toward interest on the loan, but the rest of it goes toward paying
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that reduces our spending now in order to increase spending in the

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time and money in the present in order to increase our earnings in