21 review

Chapter 21.1 Review
1. Why might someone who is just starting out prefer a regular savings account to a
Cd?
A beginner should start out with a regular savings account to keep tracj of.
2. Explain why you should start contributing to a retirement plan as soon as you can?
You should contribute to a retirement plan soon because it will be harder to have a retirement when you get older.
21.2
1. Why might you choose a regular checking account instead of a now account?
In a now account you have to keep a minimum of 500$ in order to keep open.
2.why must you write the amount of a check in both numerals and words?
In order to keep track of the money.
3.Why is it important to reconcile your check register and bank statement ?
to make sure that they match up and don't get credit frud.
21.3
1.Why is a credit card more convenient for everyday purchases than a loan?
credit card will be easier to pay than a loan.
2. Why is it easy for someone people to get into financial trouble when they have credit cards?
They go over the amount and don't have the money to pay for it.