Listen this way听力教程答案4(2)

Listen this way听力教程答案4

To make their savings visible and real, have them build up savings in a piggy bank. Then help them open their own bank savings account, and have them make deposits each month.

Use their monthly statements or the record in their savings passbooks, to show them how their money is multiplying

For every dollar your children earn, encourage them to spend 25 cents on what they want or need now, put 25 cents away for a bigger-item purchase later and save or invest the rest. (That’s a 50% savings rate!)

Make savings and investing fun. Give your children play money to “invest” in stocks they can track in local newspapers. If the stocks go up, pay them in more play money; if the stocks decline, they pay you.

PART 3

Credit cards are an important part of American life. Whether we have a positive or negative image of credit cards, they are an inescapable part of our finances, either now or in the future.

Without a credit card, it’s just about impossible to rent a car, make a hotel or airline reservation, or even get a membership at a video store.

Since credit cards are so important, yet so many people are in financial trouble because of them, we feel education is extremely important. We want to show our customers that credit cards are not toys; they are an important responsibility.

A credit card can be used to “charge” things like clothes, tapes or CDs, dinner at a restaurant, or maybe a hotel room while you’re on vacation. When you charge something, you are agreeing to pay for your purchase at a later date. Basically, you are buying something now and paying for it later.

Credit cards come with a “limit’. Let’s say your credit card has a limit of $100.00 worth of items on your card. You will get a statement in the mail each month that lists the charges you have made. You will also have to make a payment every month that you have a balance owing.

Since we’re about educating our customers on the realities of credit and credit cards, we’re going to be perfectly honest. First, using a credit card can be very expensive. Banks don’t offer credit cards just because they like you. They offer them because they make money when customers use credit cards.

How do they make money? When you charge something on a credit card, you not only will have to pay for what you bought, but you will also have to pay interest, or a finance charge, if you don’t pay your bill in full by the due date. The finance charge is your extra cost for having something now and paying for it later. The interest rate on a credit card can be 15% or even higher. If, however, you pay your bill in full every month by the due date, you do not have to pa interest. And of course, we highly recommend you do that!

It’s very easy to make lots of purchases on your card and then be surprised at how quickly they add up when your bill arrives! If you’re not careful when you use a credit card, you could find yourself in a lot of debt. And it always takes much longer to pay it off than to spend it.

You will also want to be careful about buying things with credit card you