Financial Vocabulary Videos
Introduce kids to financial terms with funny videos made by kids.
An account is where you deposit money to save or use at a later time.
A Budget is a tool to help to manage your spending and saving.
Cost is the amount of money you have to spend to get something.
Debt is something owed to someone else – usually it is money.
Finance is a fancy way to describe dealing with your money.
Inflation is the increase in the prices of goods and services over time.
He may be a lean mean biking machine but his brother has a lien on the bike.
Needs are something you must have in order to survive.
Profit is a financial gain; the money a business has left after paying all the bills
Revenue is the money you receive in exchange for selling a good or service.
The stock market is where you can buy and sell pieces of companies.
Wants are things that are nice to have but not necessary to survive.
Have a Future Financial Expert?
Submit a video like the ones above. Some topic ideas are:
- Assets: Things you own that can be sold to get money
- Allowance: Money that a kid can earn by doing chores for his/her parents
- Bank: A business where people deposit, withdraw or borrow money
- Budget: Keeping track of how much money you earn and how much you spend – learn about budgeting for kids here.
- Chores: Small jobs you do around the house to help your family
- Deposit: Putting money into an account for safe keeping
- Debit Card: A plastic card used to buy things instead of cash
- Economy: The way in which goods and services are made, sold, and used in a country or area. It is how money flows through a community.
- College Savings (529 Account): A college savings account are tax-advantage investment plans to help families save for college.