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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 |