Savings Flashcards
1
Q
What is personal savings?
A
The money you keep for emergencies and for the future
2
Q
What is an investment?
A
Purchase of property or shares to earn money
3
Q
What can you do with your money?
A
Spend it
Save it
Give it to the Guptas
4
Q
Give some examples of investments
A
Buy a house and rent it out
Invest money in a small business
Buy shares in a big company
Invest the money in a bank
5
Q
Why do people save?
A
Buy expensive items in future For a holiday For children's education For unforeseen expenses To make more money For retirement
6
Q
What impact does saving have on the economy?
A
Makes money available for businesses
- > increased employment
- > increased standard of living
7
Q
Who benefits most from your saving?
A
The Guptas
