The people who make things use adverts to tell us how good they are and that we should buy them. Adverts can be on posters, in magazines and papers. We see a lot of adverts on TV.

You can have an account with a bank, building society or the Post Office. This is where you keep your money - rather like a piggy bank.

This is where many people keep their money. When they earn money it is put in the bank. People take it out of the bank when they need some money. Banks will let people borrow money, but you have to pay extra. Banks will give you more money if you save in special accounts

Sometimes people spend all the money they have so that they have none left. This happened to shops, factories and other businesses. They have to tell everyone they are bankrupt so that they can be helped to begin to sell the business and pay back some of the money they owe.

If you buy a bargain it means you spent less than the normal price! Sometimes a bargain can be where you get two things for the price of one.

The government will give money to people who cannot work, or who need help. This is called a benefit. All parents get a child benefit until you are 16 to help pay for a some of the things you need.

When you bet on something you give some money in the hope you will get more back. If the thing you bet on does not win you may lose all your money. Some people bet on whether it will snow on Christmas Day.

People send you a bill when you need to pay for something. Your parents may get a bill for the electricity or water that you use at home.

To borrow money means that someone else gives you the money and you agree to pay them back as soon as possible.

A borrower is someone who borrows money from someone else, or from a bank, building society, or loan company. The book 'The Borrowers' is about small people who borrow things from humans and don't give them back!

A budget is where you plan how you are going to spend the money that you have. Even the Government does this!

A Building Society is now similar to a bank. They used to be places where people borrowed money to buy their houses.

If you have an account you often get a cheque book. You write a cheque instead of paying with money. The cheque tells the bank, building society (or Post Office) how much money to take out of your account to pay for your goods.

Coins are made out of metal. They represent different amounts of money. Coins have been used for years and years. The Romans used coins.

A consumer is someone who buys something from a shop.

The cost of something tells you how much you have to pay to buy it.

A credit card lets people spend money without having to pay immediately. It is like borrowing. You have to pay it back at the end of the month. If you don't pay it back the credit card company will charge you extra money.

When you go and buy something you are a customer.

If you owe people money then you are in debt to them.

You earn money when you work. Your boss pays you when you have done some work. He may pay you at the end of the week or the end of the month.

A gamble is when someone bets on something in the hope that they will win more money.

The things you buy are called goods.

To be 'in the black' means you have money in your account.

This is the money you earn.

The Government give some people money to help them. Many people are allowed to claim this money which is called income support. People have to ask for this money and fill in special forms.

If you insure something it means you pay the insurance people money each month or year. You must have car insurance. If you are in an accident the money you have paid helps to pay for the cost of repairs to the car. If the accident is your fault your insurance helps to pay for the other person's car as well.

If you save money in special accounts and you do not spend it for a long time, you will earn extra money. This is called interest. The banks, building societies and post office pay you because you have let them look after your money. They invest it and make more money and give you some of it!

An investment may give you more interest than banks and building societies. If you invest in something you give your money for a long time. Sometimes you get more money, at other times you may lose all your money.

A lender is a person who lets others borrow money from them.

The lottery is a gamble. People pay to see if their numbers will win. A few people win lots of money. Many people win no money at all.

People use a mortgage to buy a house. A bank or building society lend them money. It is paid back every month over many years. People also pay interest on this money.

A note is a larger some of money. In this country we have £5, £10, £20 and £50 notes.

Nowadays many people shop using the Internet. This is called online shopping. Supermarkets let you shop online and will bring your goods to your door. You pay extra for them to do this.

If you owe money it means you have borrowed from someone and need to pay it back.

This stands for postage and packing. If you have something sent to your house you often have to pay extra for the postage and for the people to pack the goods in a parcel.

When you start to earn money it is a good idea to begin to save a little money each month in a pension scheme. When you stop working you will be given some of this money every week or month to pay for everything. The government take some of your money every month to pay for a state pension.

The Post Office is like a bank. You can save money in the Post office.

This is where people have very little money and cannot buy many things. The government will help people who are poor.

Everything you buy has a price. This is how much money you have to give to buy it.

If you save up your money you are able to buy the things you want. It is good to save for things that cost a lot and in case you need to buy something in a hurry. Many people say they are 'saving for a rainy day'. That means if something happens and they can't earn money they have some saved up to help.

If you shop on the Internet it is important to make sure you use a secure site so that no one knows your details. A picture of a lock should appear on the screen.

Anyone who buys something is a shopper.

When you buy something you spend your money on it. This means you have to give your money and you will have the sweets or toy instead. It is always good to think before you spend your money!

People who sell things are interested in your spending power. They hope you will spend all your money buying their goods and products.

Banks and Building Societies send you a piece of paper every month, or when you ask for it. This tells you how much money you still have in your account and lists the amounts you have spent. This paper is called a statement.

Everyone who earns money has to pay tax to the government. This is so the government can pay for schools, hospitals, and other services. You give some of your money so that everyone can have these things.

This is a special tax which is paid on many goods. Many children's things do not have VAT. VAT means Value added tax.

When you work for someone they pay you every week of month. This is called your wages. It is the money you earn for working.