How Money Works in Our Economy

Dr. Forrester explains the concept of money, how it is earned and spent, and the importance of understanding paper money denominations. The video covers borrowing money, interest rates, and the significance of savings for financial security. It emphasizes the need for financial preparedness for unexpected expenses.

What does the expression 'money doesn't grow on trees' mean?

How do most grown-ups earn their money?

What are some common expenses that grown-ups pay with their paycheck?

What does it mean to 'save for a rainy day'?

Why is it important to save money for unexpected costs?