2. Money
Revenues: places you get money from and how
much money you get from there; for example from
your work or job
Expenses: what you are buying with your
revenues, how much you are spending each week,
month, year; for example rent, mortgage, food,
etc.
4. Banking
cheque: a payment that allows you to write
out how much you would like to pay to a
specified individual or company, also
prevents over spending because it draws
money from your bank account
transaction register: a way to keep track of
all of your spending; a piece of paper that
you fill out with all of your expenses
bank statement: a paper that the bank sends
out every month to let you know of how much
you spent that month and on what
5. Making More Money
investment: putting your money into a property, company, shares,
financial schemes, etc. and expecting a profit or item in return
6. Plastic
debit card: a card issued by a bank allowing the holder to transfer money
electronically to another bank account when making a purchase
credit card: a small plastic card issued by a bank, business, etc. allowing
the holder to purchase goods or services on credit
credit rating: an estimate of the ability of a person or organization to
fulfill their financial commitments, based on previous dealings.
Definitions from google definitions
7. Taxes
taxes: a mandatory fee you must
pay for buying and selling items;
this money goes towards the
country you live in
