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Money Words

Money words explained in plain English, three ways each, so you can pick whichever fits the child asking. Handy when a question arrives and you’d rather not say “I’ll explain when you’re older”.

Nineteen words, with more on the way. If there’s a word you’d like us to explain, do tell us.

  1. B
  2. Bank A place that looks after money for people — and lends some of it out.
  3. Budget A plan for your money.
  4. C
  5. Charity An organisation that uses money to help people, animals or causes.
  6. Compound interest When your interest starts earning interest of its own.
  7. Credit card A card that lets you pay with money you haven’t got yet.
  8. Currency The particular kind of money a country uses.
  9. D
  10. Debt Money you owe someone else.
  11. I
  12. Inflation When things slowly cost more than they used to.
  13. Interest Money a bank pays you for keeping your money there — or money you pay for borrowing.
  14. Investing Using money to buy something you hope will be worth more later.
  15. L
  16. Loan Money you borrow and promise to pay back.
  17. N
  18. Needs and wants Things you must have, versus things that would be nice.
  19. P
  20. Pocket money Money some children are given regularly by a grown-up.
  21. Profit What’s left when you sell something for more than it cost you.
  22. S
  23. Saving Keeping money instead of spending it now.
  24. Scam A trick designed to take someone’s money.
  25. Share One small piece of a company that you can own.
  26. Stock market Where shares in companies are bought and sold.
  27. T
  28. Tax Money everyone pays towards the things we all share.

Looking for something longer?

Every one of these ideas gets a proper topic page in Money World, with activities to try.

Get told when new words are added