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Financial Literacy
| Term | Definition |
|---|---|
| Spending | trading money for goods or services |
| Sharing | giving money to other people |
| Saving | putting money aside from your income to buy something in the future |
| Expenses | money spent |
| Fixed expenses | spending on a regular basis |
| Variable expenses | spending that does not occur on a regular basis |
| Deposit | put money in the bank |
| Withdraw | take money out of the bank |
| Balance | amount of money in your bank account |
| Receipts | total money a business has taken in |
| Profit | money made after a company pays its expenses |