What is income?
The money that you get, earn or receives from any sources.
What do you the things you would like to have but not necessary for survival?
wants
It is a plan you make to help spend or save money wisely.
budgeting
Odd one out: peace - time - groceries - happiness
groceries
Which of the following is not a type of money that we use today? stones - cryptocurrencies - banknote - coins
stones
It is a commodity accepted by general consent as a medium of economic exchange.
Money
It is a compulsory payment made by individuals or organizations to the government.
tax
An example of indirect tax that is included in the price of goods and services.
VAT (Value Added Tax)
Common types of this are life, health, auto, homeowner's, rental, dental, vision and trip.
insurance
It is exchanging current income for an asset expected to produce future earnings.
invest/investing/investment
Why is saving important?
provides money for emergencies or achieve future goals
It includes everything people pay to satisfy their needs and wants in daily life.
expenditure
Odd one out: assets - protect - company shares - stocks
protect
These are activities that people do for others.
services
What are goods?
Physical things that we can see, touch and use.
