Saving basics
Time when people stop working
Retirement
Using money to earn more money
Investing
Money earned from working.
Income
Increase in prices over time
Inflation
Money people set aside for the future.
saving
A place where people invest money for old age.
pension fund
Money paid for work or salary.
Wage
Situation when money loses value.
Loss of value
Penalty
-300
Buying parts of companies to earn profit.
Stocks Trade
Money received after retirement.
Pension
Unplanned money needs like hospital costs.
Emergency expenses
A long-term plan for money after working life.
retirement planning
Bonus
+400
Money needed for living costs like food and housing.We use money for things like these daily
Expenses
Wrong choices in handling money.
Poor financial planning
The main goal of saving for old age.
Financial security
Interest that grows on both original money and previous interest.
compound interest
Penalty
-500
Risk of losing money in investments
Investment risk