Martha Johnson is a young girl who comes from an average working class family, who rely on the father's earnings to work out the family's arrears, by means of paying for the house mortgage, mother's current medical expenses, and paying for the older sister's ballet lessons. Since it's tough for Martha's family to meet the expense to pay for her education due to their inflexible finances, Martha has been working to save money towards her college education to advance her future majoring in business, to become a businesswoman. She also received an inheritance of $10,000 from her aunt in Texas, who has passed. She has no indication on how to devote the money but is contemplating in buying a used car, or moving into her own apartment near campus, maybe even vacation to Hawaii since she has fantasized about the trip, and her last option is saving the money in a high interest money market fund. They're all abundant choices on how she should splurge her inheritance, but she also needs to consider the financial circumstances contained by her family, due to her mother's illness. Ultimately, there are advantages and disadvantages to all the options Martha's considering, but investing her inheritance of $10,000 and placing it in a high interest money marketing fund doesn't sound terrible at all, bearing in mind the constricted budget in her household. The assets of their family will enhance and assist them all in the long run. .
Investing money in a high interest money market fund is very beneficial and relieves monetary pressure for Martha; because her interest rate will elevate and accumulate over time. She can save all her funds she gets for working and the inheritance she receives as well in the account and still contain a little "spending money " on the side, to live her normal life. Also, mounding and building her checks from work and adding toward the inheritance in her savings overtime will remain as Martha's support system for her and her family.
