|
|
|
Wednesday Oct 10, 2007
Saving $10K for college
I am amazed with all the savings plans for college that more parents aren't getting OpenOffice for their kids, it way beats any other savings program I have found! If you do some pretty simple math, using the spreadsheet functionality inside of OpenOffice the results are amazing. For the purpose of the analysis, lets assume that instead of buying Microsoft Office (about $400 on Amazon.com not including shipping and handling) you took that money and invested it at a rate of 10% per annum. In addition instead of upgrading every 3 years to the next release you took that money and put it into the same savings account. After 20 years what would that money have grown to? You are not going to believe this... Yes just shy of $10K!! Check out the math...
Now this doesn't take into account inflation where the cost for upgrades will continue to go up! So do the math... FREE beats proprietary and closed any day! If you are already a student download OpenOffice and save your parents some serious money! -Mark
Posted at
10:15AM Oct 10, 2007
by Mark Herring in OpenOffice |
Comments[3]
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Where on earth do you get 10% on a savings account? With that amount in the account, you can get 4.50% tops here.
I do like your message, though.
Posted by SwitchBL8 on October 10, 2007 at 02:37 PM PDT #
OK maybe not a savings account, my bad, but perhaps a 529 account. Not sure about the best ones but just browsing around the Vanguard 500 Index portfolio did 15.83% last year, I am sure there must be better/worse.
Posted by Mark on October 10, 2007 at 02:56 PM PDT #
or GoogleDocs.
Posted by Brandon Carson on October 17, 2007 at 03:14 PM PDT #