By reducing a few of your monthly expenses you can potentially accumulate more assets over time. Your proposed annual savings of $1,680 earning a hypothetical 5% rate of return could grow to $3,541 over 2 years. This analysis does not address potential income tax implications of accumulating assets. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "Pie2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' startingAngle='45' enableRotation='1' caption='Estimated Future Value Of Savings' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><set value='3360.0' label='Cumulative Savings' /><set value='181.0' label='Earnings' /></chart>"); // --> </script> <table class='pure-table' role='grid'><tr><th colspan='3' class='section'>Expenses You Can Reduce, Postpone or Forego</th></tr><tr><td>1</td><td>Description</td><td>eat out less</td></tr><tr><td></td><td>Annual Savings</td><td>$600</td></tr><tr><td></td><td>Cumulative Savings</td><td>$1,200</td></tr><tr><td></td><td>Estimated Future Value</td><td>$1,265</td></tr><tr><td></td><td></td><td></td></tr><tr><td>4</td><td>Description</td><td>cell phone</td></tr><tr><td></td><td>Annual Savings</td><td>$1,080</td></tr><tr><td></td><td>Cumulative Savings</td><td>$2,160</td></tr><tr><td></td><td>Estimated Future Value</td><td>$2,276</td></tr><tr><td></td><td></td><td></td></tr><tr><th colspan='3' class='section'>Cumulative Totals</th></tr><tr><td></td><td>Annual Savings</td><td>$1,680</td></tr><tr><td></td><td>Cumulative Savings</td><td>$3,360</td></tr><tr><td></td><td>Estimated Future Value</td><td>$3,541</td></tr></table>