Track 3

Unit 5a.

Economics.

Five tips for your financial future.

Page 75.

Build your vocabulary.

1. annual.

My annual income never seems to be high enough. I wish I could make more money each year!

1. credit cards.

My parents told me to be careful with credit cards. They said it’s always better to pay with money.

1. debt.

Here’s some good advice: Stay out of debt. Life can be stressful if you owe more money than you have in the bank.

1. deposit.

Try to deposit some money each month into a bank account. That way, if you have an emergency, you will have money to pay for it.

1. earn.

I like my job, but I don’t earn a lot of money. I would like to get a job that pays me more.

1. establish.

It’s a good idea to establish a savings account. You can start one at a bank with just a little bit of money.

1. interest.

When you use a credit card to pay for something, you have to pay the money back. You also have to pay interest, which is sometimes as much as 22 percent of the money you took.

8.investment.

My college education was a good investment. I had to put a lot of money and time into it, but now I can get a good job.

9.required.

When you use a credit card to pay for something, you are required to repay the money. You must make monthly payments to the credit card company.

1. statistics.

Statistics show that Americans use a lot of credit. For example, the average American makes $48,000 a year and has a credit card debt of $8,000!