Finance 101: Earning, Spending, Saving, and Investing

If you want to learn about money, you don’t have to attend finance school!

Here are some basic concepts that can help you understand finance.

Earnings

Earnings are the money you get from doing chores or from a job.

So, if you get $5 for taking out the trash, that’s your earnings.

You can also get earnings from doing a job, like working at a store or restaurant.

You get savings when you don’t spend all of your earnings.

For example, if you earned $10 from doing chores and you only spent $6 on candy, you would have $4 left over.

That $4 is your savings.

Investing is what you can do with your savings.

It means putting your money somewhere so it can grow and make more money for you.

For example, you can put your money in a stock, bond, or CD. These are all types of investments.

Earnings: The money you get from doing chores or a job.
Savings: The money you have left over when you don’t spend all your earnings.
Investing: What you can do with your savings to make more money.

Remember, finance doesn’t have to be scary!

Learning about money can help you make good choices and achieve your goals.

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