MONEY BASICS
What is money used for?
To buy goods and services
What does it mean to save money?
To keep money for future use instead of spending it now?
What is a stock?
A small ownership share in a company
What is a bank
A place where people keep, save, and manage money
Cash, card, or digital payment
What is a budget?
A plan for how to spend and save money
What is a piggy bank or savings account used for?
To store money safely and save it over time
Why do people invest
To grow their money over time
What is a debit card?
A card that lets you spend money directly from your bank account
What is a cashier?
A person who takes payment for items in a store
What does income mean?
Money you earn or receive
Why is saving a little over time helpful?
Because small amounts can add up and help you reach a goal
What does it mean to own a part of a company?
means you have a share in the business and may benefit if it does well
What does credit mean?
Borrowing money now and paying it back later
What is a paycheck?
Money someone receives for doing work
What is the difference between a need and a want?
need is something essential, and a want is something extra you would like to have
What is a financial goal
Something you want to save or plan money for in the future
What is the difference between saving and investing?
Saving is keeping money safe, while investing is using money to try to grow it
Why is it important to pay back money you owe?
Because it shows responsibility and helps build trust
Why do companies sell products?
To earn money
Why is it important to track your spending?
So you know where your money is going and can make better money decisions?
Why should you compare prices before buying something?
So you can find the best value and avoid overspending
Why can investing be risky?
Because the value can go up or down and you can lose money
What is interest?
Extra money paid for borrowing money, or earned for saving money
What are some jobs in finance
Banker, accountant, financial analyst, investor, or financial advisor