Junior Secondary · 8-9 · Career Education
What is a budget?
A plan for how you will spend and save your income over a period of time
What is the difference between gross income and net income?
Gross income is the total earned before deductions like taxes; net income is what's left after those deductions are subtracted
What is a savings account typically used for?
Setting aside money for future use, often earning a small amount of interest over time
What is interest, in a banking context?
Money earned on savings, or money paid on a loan, usually calculated as a percentage of the amount saved or borrowed
What is the difference between a 'need' and a 'want' when budgeting?
A need is essential for living (like housing or food); a want is something desired but not essential
Free, offline, no account needed — runs entirely in your browser.