By Paul Mason
This ebook explodes universal myths approximately cash and is helping teenagers how to take regulate of the source of revenue they've got and get the main out of it. It treats what should be the driest and so much daunting of themes with the lightest of touches. info and recommendation can be brought in a streetwise, available, easy-to-follow manner. in reality so transparent and fascinating is the suggestions it deals that it is most likely the e-book might be learn by way of the fogeys themselves - its middle message being that having adequate funds has little or no to do with what quantity of money you earn, and a extra to do with how a lot extra you may make it go...To comprise topics equivalent to: tips on how to keep and use a financial institution Being a savvy Spender! easy methods to develop your cash should still I borrow? - all approximately loans turning into a scholar
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Additional info for Money Doesn't Grow on Trees. A Guide to Managing Your Money
IInﬂation is the name for the way that prices go up over time. 50 today, its price has undergone inﬂation. Inﬂation is usually shown as a percentage. 00 price. MONEY MATTERS ¥ $ £ % The inﬂationary basket The general inﬂation rate e is worked out using a range of different goods. This is often called a ‘basket of goods’ – the idea is that they are selected to reﬂect the things that most people regularly buy. The basket of goods might include milk, bread, chicken, washing powder, electricity, and washing machines, for example.
Placing a bet on the young, slim horse is not likely to win you much money. In the investment world, near-certain winners like this are called a safe or low-risk investment. The other extreme is to bet on the fat horse, or maybe the old one. No one expects either to cross the line ﬁrst. Betting on one of these could win you a lot of money! But there’s also a big risk that you will lose everything. This is a high-risk investment. Low risk, low reward If you were down to your last pound coin, you probably wouldn’t bet it on the fat horse or the old one.
Outgoings debit income tax payment out, or amount of percentage of the money you money below zero earn that has to be paid to overdrawn the government having a sum in your bank debt amount of money owed things you spend money on account that is below zero inﬂation rate amount by which the cost of pension deﬁcit goods and services increases, regular payment of money shortfall, caused by spending given as a percentage after you have reached a more money than you have certain age (usually between interest dividend yment made to 60 and 75) amount of money paid on credit in current PIN number eholders in a company and savings accounts, short for Personal business, if that business given as a percentage Identiﬁcation Number, makes proﬁts 46 a number known only FURTHER INFORMATION to the holder of a bank BOOKS A Young Citizen’s Guide To Money account, which is used when Show Me The Money Alvin Hall Anna Davidson (Wayland, 2002) withdrawing money and (Dorling Kindersley, 2008) Contains useful and making payments A great guide to all things interesting information on the money, by the Guru of sensible history of money; how banks, portfolio attitudes to money, Alvin building societies and other group or set of investments Hall.