Money Words Made Easy

Basic Money Words

  • Money – The coins and notes you use to buy things.

  • Save – Keeping your money to use later.

  • Spend – Using your money to buy something now.

  • Splurge – Spending on something fun or special you don’t really need.

  • Gift – Giving money or something you bought to someone else.

  • Budget – A plan for how you will use your money.

  • Wallet – A small case for holding your money.

  • Currency – The type of money a country uses (like dollars or euros).

  • Goal – Something you’re saving or working towards.

Earning & Spending

  • Income – The money you get from working, selling things, or gifts.

  • Earnings – Money you make from work or selling something.

  • Allowance – Money you get regularly from parents or guardians.

  • Expense – The money you spend.

  • Profit – Money you make after paying all costs.

  • Loss – When you spend more than you make.

  • Cash Flow – How money comes in and goes out.

Banking & Saving

  • Bank – A safe place to keep your money.

  • Savings Account – A special bank account where you keep your saved money safe.

  • Piggy Bank – A container for saving coins and notes.

  • Interest – Extra money you earn from the bank for keeping your money there.

  • Loan – Money you borrow and must pay back.

  • Debt – Money you owe someone.

  • Credit – Money you can use now but pay for later.

  • Credit Card – A card that lets you buy things now and pay later.

  • Debit Card – A card that takes money straight from your bank account.

  • Check – A paper you can use to pay someone from your bank account.

Crypto & Decentralised Finance

  • Crypto– Money that lives online, not in your wallet.

  • Bitcoin the first and most famous type of crypto.

  • Digital wallet A safe app or a device where you keep your crypto (like a digital piggy bank).

  • Blockchain – A big list on the internet where all crypto trades are written so nobody cheats.

  • Mining – Computers solving puzzles to create new coins.

  • NFT – A special digital picture, card, or item that only one person can truly own

  • Exchange – A place online to trade crypto for dollars or swap one coin for another.

  • Token– A small piece of crypto you can use in games, apps or as proof you own something.

  • Gas Fee - A small cost you pay to move or trade crypto, like a delivery fee.

  • HODL - A funny way to say “hold on to your crypto, don’t sell yet”.

Investing & Growing Money

  • Invest – Using money to buy something that will hopefully make you more money later.

  • Asset – Something you own that is worth money, like a bike or a house.

  • Liability – Something you owe, like a loan.

  • Depreciate – When something you own loses value over time.

  • Appreciate – When something you own becomes worth more over time.

  • Stock – A tiny piece of a company you can own.

  • Share – Another word for owning a small part of a company.

  • Dividend – Money a company pays you for owning its stock.

  • Bond – A way to lend your money to a company or government so they can pay you back with extra.

  • Portfolio – A collection of all the things you’ve invested in.

  • Capital – Money you use to start or grow something.

Buying, Selling & Trading

  • Market – A place where people buy and sell things.

  • Trade – Swapping something you have for something you want.

  • Broker – A person who helps you buy and sell stocks.

  • Mortgage – A special loan to buy a house.

  • Rent – Money you pay to live in someone else’s place.

Risks & The Economy

  • Risk – The chance you could lose money.

  • Reward – The money you could earn if your plan works.

  • Net Worth – How much money and valuable things you have, minus what you owe.

  • Exchange Rate – How much one type of money is worth compared to another.

  • Inflation – When prices go up and money buys less.

  • Deflation – When prices go down and money buys more.

  • Economy – How money moves around in a place through buying, selling, and working.

  • Entrepreneur – Someone who starts their own business.