financial literacy

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8 Terms

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What Is Money?

Money is what people use to buy goods and services instead of trading one thing for another. It makes buying and selling simpler and fair for everyone.

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Earning Money

You earn money when you work or do something valuable for others. It’s a reward for your time, effort, or skills.

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Spending Money

Spending means using your money to buy something you need or want. Smart spending means thinking before buying.

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Saving Money

Saving is when you keep some of your money instead of spending it right away so you can use it later for something special or important.

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