Money Skills - Keywords

What is credit?

• The ability to borrow money or access goods or services with the understanding that you'll pay later

• The ability to pay for things at a cheaper price

• The ability to buy multiple items at a cheaper price

• The ability to choose what shop you go to

What is income tax

• Money paid on your property

• Money paid on your salary

• Money paid on top of food

• Money paid on death

At what age do you get a national insurance number?

• 18

• 20

• 15

• 16

What is a mortgage used for?

• Buying a car

• Buying a house

• Buying some clothes

• Buying a holiday

Which of these is NOT a bank

• Barclays

• Santander

• Halifax

• County

When do people typically use a pension?

• Throughout your life

• When you are sick

• When you have retired

• While you apply for a job

What does a debit card do?

• Takes money straight from your bank account

• You use it to buy things on credit

What does a credit card do?

• Takes money straight from your bank account

• You use it to buy things on credit