Financial Terms

4. – Things you must have to live (food, water, shelter, clothes).
5. – Things that are nice to have but not necessary (toys, fast food, video games).
8. – Trading goods or services without using money.
10. – The money you earn or receive (allowance, jobs, gifts).
11. – Money set aside to use later instead of spending now.
13. – A plan for how to use money (income, expenses, savings).
14. – The money you spend.
15. Card – A card linked to your bank account that lets you spend your own money.
17. Expenses – Expenses that stay the same every month (rent, phone bill, bus fare).

1. Card – A card that lets you borrow money to spend, which you must pay back later.
2. – A system where you pay a small amount regularly so the company can help cover big unexpected costs (like accidents, health issues, or damage).
3. – Extra money paid on a loan, or money earned when you save in a bank.
6. Expenses – Expenses that can change (snacks, entertainment, clothes).
7. – Money borrowed from a bank or person that must be repaid.
8. – A safe place where people keep money, save, and sometimes borrow.
9. – What people use to buy goods and services. It can be coins, bills, or digital.
12. Goal – Something specific you want to save for (like a bike, trip, or emergency fund).
16. Template – A chart or table that shows income, expenses, and savings.