Spending ? - When you get money, you buy goods or services right away, Saving ? - You keep your money in a piggy bank or saving account to buy something bigger later., What is earning? - You can earn money by working. Getting a job is the most common way of earning., Investing? - Investing is growing money with money. One way is opening a saving account and let your money grow., Why investing? - To grow money with money for the future, in case you need to buy something necessary, or you want to buy something big., Donating ? - Donating is like giving money to kids in need hospitals or dogs in shelters.It's important to donate because you want other people or animals to have a good life, What is cash? - Cash is paper money (bank note) or coins. To buy goods and services, why some businesses ONLY accept cash? - Because they think it is not inclusive. For example, kids can not use credit cards or debit cards., Why some businesses do NOT accept cash? - Because they think it’s easier to handle money., Debit card ? - A debit card ALLOW you to transfer money from your account electronically to another account. Like using ATM , Cheque ? - A cheque is a paper that tells the bank to give money from one person's bank account to someone else. You can use cheque to transfer money., Credit card ? - A credit card allows you to pay for things with bank money instead of using their own money right away, they borrow the money from the bank and promise to give it back on time., EMT ? - a way of transferring money through text or email. E-transfer is fast, secure and convenient. You can send money anytime from anywhere., Digital wallet? - A digital wallet is an electronic version of your wallet. It stores all of your bank information and you can pay when you bring your phone close to the machine. One of the benefit is that you don’t need to carry a bunch of cards., Crptocurrency? - a type of digital token that allows people to pay directly to each other.,

Financial literacy

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