Basic Concepts
What’s Money
a type of exchange that can be used for buying things and services
Importance of saving
Debit card gives you cash back
True or false
False
What makes a part-time job so important you the youth?
Because it represents the first income that the teenager due to there own work
What are needs?
Needs are something that you need to have a good live
What’s an emergency fund?
An emergency fund is an amount of money reserved for unplanned expenses or financial emergency
With credit card you pay interest
True or false
False
Do allowances have an important role in the youth
True or False
True
What is budgeting?
Is a process of creating a plan to manage you income and expenses
Why is an emergency fund importan?
Because it could help you in emergencies
Build a good credit history could help you when you need to get a card
True or false
True
How much money does a teenager should have to receive from allowances
50 per year and increasing by years passed
What is a want?
Wants are something that you don’t need, but you are happy with buying it.
If you save a 1000 dollars a week for 20 years
How much money would you have?
1040000
What‘s a credit card
A credit card is a payment card issued by a bank or financial institution that allows you to borrow money
What is the age that teenagers should start with a part time job
15
Whats the type of money that UK has?
The pound
If you save a 1000 dollars a week for 20 years
How much money would you have?
520000
What’s a debit card?
A card that use you money