Financial Literacy

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What is a Service?

Back

A service is an action or activity that one person does for another, such as teaching or cleaning.

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What is a Good?

Back

A good is a physical item that can be bought or sold, like toys or food.

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What does it mean to Earn?

Back

To earn means to receive money in exchange for work or services.

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What is a Need?

Back

A need is something essential for survival, like food, water, and shelter.

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What is a Want?

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A want is something that is not necessary for survival but is desired, like a new toy.

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What is Saving?

Back

Saving is setting aside money for future use instead of spending it right away.

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What is Spending?

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Spending is using money to buy goods or services.

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What is Donating?

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Donating is giving money or goods to help others without expecting anything in return.

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What is Giving?

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Giving is the act of providing something to someone else, often as a gift.

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What is a Budget?

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A budget is a plan for how to spend and save money.