Money Basics
What do people "use" to "buy" things?
Money.
A place where you keep your money safe/stored?
A bank.
Money you borrow and must pay back?
Loan
Things you must spend on (like food and water)?
Needs/Necessities
Putting money away for later?
Saving
Money you get from working?
Income
An account used for everyday spending?
Checking account
What do you call: Money you owe?
Debt.
Things you want but don’t need?
Wants
Saving money for emergencies?
Emergency fund
Type of money you set aside to spend?
Spending Money
A card that uses money from your bank account?
Debit Card
A card that lets you borrow money? (that must be paid back..)
Credit Card
Looking at prices before buying= ?
Comparing prices
Using money to try to grow money over time..
Investing
A plan for how you use your money?
Money Budget
An account used to save money?
Savings account
Extra money you pay when borrowing?
INCRUED interest
Buying something without planning?
IMPULSE BUY!
Owning a small part of a company?
Owning Stock
Money left after you spend?
Savings
Money a bank gives you for saving?
Interest
A number that shows how good you are at paying back money?
Credit score
Paying less money because of a deal?
Earning money on money you already invested into?
Interest