expenses (the amount money you use to survive in everyday life). You can also invest money in the
stock market – you could make a nice profit, but there’s also the risk of losing money if the economy
goes downhill (starts to get worse).
Let’s say you want to purchase an expensive item like a car. If you haven’t saved up money or set aside
money for the purchase, you can borrow money from the bank – which is also called taking out a loan.
The disadvantage of this is that you’ll need to pay the money back in installments – plus interest (extra
money).
When you travel, you’ll need to change/exchange money to be able to buy things with the local
currency. Make sure to change money only at official locations like banks and travel agencies –
otherwise, you could be tricked into receiving counterfeit bills (false paper money that is not legally
valid).
Finally, you can consider donating money (giving money without receiving anything in return) to a good
cause, such as preserving the environment or researching cures for diseases. Non-profit organizations
are always trying to raise money (get donations) for their various projects.
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