Money

What is money, you may ask? What comes in your mind when you think of the word money? From my experience, people refer to money as "happiness", or "something nobody could live without." Well, that is only my friends' opinions. If you want an explanation, money is related to economics.

Economics is social science. In other words, economics is a like a topic in things like money, trading, distribution, and production of goods and services. Pretty complicated, huh? Well, let's put it more simply.

 

So, money is like a trading system. For example, you go to the grocery store, and you buy carrots. You give your money, and get the carrots you want in return. That's how money works.

However, it's gets more and more complicated. There are some money terms, like inflation, supply & demands, assets and liabilities. This may sound foreign to you right now, but in the next lessons, you will know all the basics about those words.
Also, everyone wants to make money. Who doesn't, right? I can even guess that you want millions of dollars. There are a bunch of ways people can earn money, but did you know what job you do actually relies on your education and human capital? You may not know what I am talking about, but let's move on! There is so much learning to do!

I hope I will be able to help you with your financial problems...like reducing your debt!

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Copyright 2008 Nachapol D.
Money Management for Teens