Annotated sample

Annotated-I

Mark Miller, (2012), 6 Retirement moves for the young, Pg 1

Mark Miller, 6 Retirement moves for the young (January 17, 2012) explains that young investors should look for saving in order to have a secure retirement. Author develops his main points by extracting from the survey of Reuters pertaining to the retirement experts reinforcing the importance of starting the savings at their early stage (Miller, 1). Purpose of the author is to guide youngsters in order to suggest ways for starting saving at early stage of their life. The intended purpose of author is to focus on the benefits of starting saving at early young age and young age investors is the main reader segment for the present author.

The present article summarizes the benefits of starting saving at early stage and highlights the importance of saving at early stage. There are mainly six ways suggested by author which would help the youngsters to start saving at early stage of their life and these six stages are starting early, saving as much they can, not using cash at the time of job change, matching contribution from employer, monitoring the fees and using a Roth. Hence these six ways would help the young investors to start saving at early stage and build good amount of wealth at the time of retirement.

Annotated-II

Friedline, Terri Lee and U Pittsburgh, 2013, Predicting savings from adolescence to young adulthood: Early access to savings leads to improved savings outcomes, Pg 5

Friedline, Terri Lee and U Pittsburgh, Predicting savings from adolescence to young adulthood: Early access to savings leads to improved savings outcomes (2013) states that saving at younger age has positive impact on the educational outcomes. Author has developed his main point through conducting a primary research pertaining to young students and the impact of saving on their educational outcomes (Friendline et al, 5). The purpose of author is to explore the relationship which saving has with the educational outcomes of students in their early life stage so that they can meet their financial requirement themselves without help from their parents. The purpose of author here is to explore whether young students should be provided access to the saving accounts early in their life in order to enhance the educational outcomes and financial outcomes. Author develops relationship with their readers by encouraging them to have saving accounts for the adults in order to provide them better educational and financial outcomes.

The present article summarizes the findings from the survey conducted by author pertaining to the role of saving accounts in order to provide better financial and educational outcomes for the students. This article highlights that students having access to the financial resources would be able to manage their education and financial outcome in better way as compared to the other students who are not having the access to financial resources. Students having access to saving account would be able to meet their financial need for education themselves and better educational outcomes would be achieved through this.

Annotated-III

Tricia Phillips, 2012, unhappy returns, why young are snubbing the ideas of saving for old age, Pg 9

Tricia Phillips, unhappy returns, why young are snubbing the ideas of saving for old age (2012) states that government is encouraging to young people for saving for their better future. Author develops the main point through the extracts of a news article which provides the government efforts in order to encourage people towards saving for their future (Phillips, 9). Author’s purpose here is to provide the efforts made by government to encourage young people towards saving in order to manage their future spending. Intended purpose of the author is to sort out problem of increasing price for young people that can be to fix the cost of living or starting saving from the young age and readers would include set of youngsters concerned about their future spending.

Present article raised concern over the increasing prices for the essential items included in the lifestyle of a person. The increasing cost has created problems for the young people and there are only two possible alternatives, one is to start saving from the present age so that they have sufficient to spend at their retirement age and second alternative is to fix cost of living which does not seems realistic. Hence the first option of making saving from the young age seems quite appropriate and government is encouraging the young people to start saving by forcing their employers to involve young people in the saving plans.

Annotated-IV

Navickas Mykolas, Gudaitis tadas and Krajnakova Emilia, 2014, Influence of financial literacy on management of personal finances in a young household, Pg 3

Navickas Mykolas, Gudaitis tadas and Krajnakova Emilia, Influence of financial literacy on management of personal finances in a young household (2014) states that financial literacy has high degree of importance for the young households in order to manage their personal finance (Navickas, 3). A survey has been conducted by author in order to support the statement for impacts of financial literacy to manage the personal finance for young household. The purpose of author here is to develop correlation between the financial literacy and management of personal finance for young households. Intended purpose of author is to develop a positive correlation between financial literacy and management of personal finance and readers associated with the present article would include young people looking to manage their personal finance.

The present article highlights the results of findings for a survey conducted with the young people for their financial literacy and management of personal finance by them. There is a positive correlation between personal finance management and financial literacy of young people. Young people having knowledge of finance would be able to manage their financial resources efficiently as compared to people not having financial literacy.

Annotated-V

Hilary Osbne, 2013, Age no barrier for big savers, Pg 2

Hilary Osbne, Age no barrier for big savers (2013) states that youngsters should start at their early age for saving irrespective of the fact that whether they are tax payer or not. Author supports his point by highlighting several benefits and ways through which they can make savings. The purpose of author here is to guide with possible options in which young people can make their saving by extracting some part of their income in these saving tools. The intended purpose of author is to provide the possible ways through which young people can make saving (Osbane, 2). This article summarizes the key saving options available to the young people such as stocks & shares, cash accounts, children trust funds and other financial options available to the young people in their early life age. Young investors should make investment towards savings without giving consideration to the fact whether they are paying tax or not. This would help them gain understanding of the saving for their lifetime from early life stage and later on once they would attain adult age they would be having good saving in their hands.

Annotated - VI

Navickas P, 2014 Influence of financial literacy on management of personal finances in a young household, Pg 1

Navickas's Influence of financial literacy on management of personal finances in a young household (2014) states that youngsters should manage their personal finances since early stages of life as the mistakes made during these years are having less impact but have immense learning. He further mentions that the a high level of financial literacy has a positive impact on day-to-day decision making and leads to higher saving rates, which improves the quality of life in the long run (Navickas, 1). The purpose of this article is to instate the sense of saving the earnings for a future usage since the young age in order to make the youngsters aware about how personal expenses and earnings should be balanced with day to day needs. The author shares many of his personal experiences to support his conclusions. This article offers deep understanding in the process of saving for the young investors as their mistake in early age would lead to reduction in the savings.