my plans for next week

during next week i will be in school taking the TAKS all week :( (i know it stinks to be me)

week # 32

Mon 4/21/08----off
Tues 4/22/08---3:30pm to 9pm
Wed 4/23/08---3:30pm to 11pm
Thrus 4/24/08--- Off
Fri 4/25/08---- Off
Sat 4/26/08-- 7am to 12pm
Sun 4/27/08---- 7am to 3 pm

Week 31

Mon 4/14--- 3:30 pm to 11pm
Tues 4/15---- 3:30 pm to 11pm
Wed 4/16---- Off
Thr-4/17----Off
Fri 4/18----Off
Sat 4/19----7am to 3pm
Sun4/420----7am to 3pm

Ch21 key conceptes

Chapter 21 vocabulary

Dividend – a portion of a fund or an organization’s profits.
Certificate of deposit – A type of investment in which a person deposits a specific amount of money for a fixed amount of time at a stated interest rate.
401K plan – a type of pension plan in which an employee contributes a specific portion of his or her salary to the plan each year.
Individual retirement account
-Keogh plan – a retirement plan for self-employed peopleSimplified employee pension
-Endorse – to sign one’s name on the back of a check before depositing or cashing it.
Check register – a small booklet that allows one to keep track of money in one’s checking account.
Reconcile – to compare items and then make them agree; used to prefer to a checking account statement and check register.
Credit – a sum of money a person can use before having to reimburse the credit lender.
Application fee – the amount of money charged to apply for a loan.
Down payment – The amount of money paid at the time something is purchased through an installment loan.
Finance charge – Fees that lenders charge but are usually based on the amount of money owed.
Annual percentage rate – The amount of interest for one year, expressed as a percentage.
Credit bureau – an agency that collects information on how promptly people on businesses pay their bills.

Chapter 21 Summary

Saving your money in an internet-bearing account puts it to work for you. When interest is compounded, your savings will grow even more quickly.You can save money by depositing it in a savings account or money market account or fund. You can also buy savings bonds and certificates of deposit.You should start saving for your retirement as soon as possible. Participating in a pension plan is a good way to begin. In addition, you will probably want to contribute to an individual retirement account (IRA) or a 401(k) plan. For self-employed people, Keogh plans and simplified employee pension (SEP) plans allow tax-deferred savings.Chapter 21 section 2 summaryWith a checking account, you deposit money and then write checks on your balance.Track your account with a check register. Reconcile it monthly against your statement.Electronic funds transfer and banking online make banking more convenient.Chapter 21 section 3 summaryCredit through credit cards, charge accounts, and loans, allow you to buy something and pay for it later.Disadvantages of credit include finance charges and the possibility of taking on too much debt.The costs of credit include fees and finance charges.A credit bureau tracks how timely debts are paid

Chapter 21 Key concepts

1. You agree to keep your money deposited for a specific length of time in a certificate of deposit. 2. Only self-employed workers can open a Keogh plan.
3. When you compare a checking account statement with your check register to make sure they agree, you are reconciling your checking account
4. The most common type of credit vehicle is a credit card.
5. Credit can be costly because of high interest rates.

Chapter 21 ReviewS

Chapter 21 section 1 review
Why might someone who is just starting out prefer a regular savings account to a CD?
Explain why you should start contributing to a retirement plan as soon as you can.
Why do some people find it difficult to save for retirement?
Chapter 21 section 2 reviews
1. Why might you choose a regular checking account instead of a NOW account?
2. Why must you write the amount of a check in both numbers and words?
3. Why is it important to reconcile your check register and bank statement? Make sure that they agree.
Chapter 21 section 3 reviews
why is a credit card more convenient for everyday purchases than a loan?
Why is it easy for some people to get into financial trouble when they have credit cards?
Why do business check with credit bureaus before extending credit to individuals?

Week of Schedule #30

Mon---- 3:30 pm to 11pm
Tues ----3:30pm to 11pm
Wed -----3:30pm to 11pm
Thr----- off
Fri ----- off
Sat -----7am to 3pm
Sun -----7am to 3pm