Understanding Money Basics

Front

Needs vs. Wants

Back

Needs are essentials; wants are desires.

Front

Budget

Back

A plan for managing money.

Front

Income

Back

Money earned from work or investments.

Front

Expenses

Back

Money spent on goods and services.

Front

Savings

Back

Money set aside for future use.

Front

Interest

Back

Money earned from savings or paid on loans.

Front

Bank Account

Back

A safe place to keep money.

Front

Debit Card

Back

A card that uses money directly from a bank account.

Front

Credit Card

Back

A card that borrows money to be paid back later.

Front

Loan

Back

Borrowed money that must be repaid.