Chapter 21- Saving and Investing

Money you put into your account

• withdrawal

• balance

• deposit

Individual Retirement Account

• IRA

• IRS

• BOB

Money you can use now, but must pay back later

• credit

• collateral

• deposit

The best time to start saving for your retirement

• when interest rates are low

• right now

• when you are 80

Writing checks for more money than you have

• endorsed

• reconciled

• bounce a check

Credit allows you to buy something now and ___

• become a member of SEC

• pay for it later

• join a credit union

The TOTAL amount of money in your bank account is called...

• Balance

• Withdrawal

What you earn for keeping your money in the bank...

• certificate

• interest

One GOOD thing about using a credit card is...

• They come in pretty colors

• They are good for emergencies

• They cost less than cash

One BAD thing about using a credit card is...

• You will go into debt

• You will get tired of all the shopping!