AUDREY AGAPOV

Introduction to Investment Investing isn't as complex as it sounds․ At its most basic‚ it means making your money work for you by putting it somewhere it will grow over time․ The difference between saving and investing is simply that when you invest‚ your money is working for you while you wait (OECD, 2022; Bank of England, 2023)․ Saving is generally safer and more stable because your money is typically going into a bank account and is usually (but not always) earning low or

Interest & Credit Credit is one of those financial instruments that shape not just what people buy but when they buy it and for how long they pay it off‚ all the way down to whether they can buy it on credit․ Credit is simply borrowing money․ Your credit is your ability to borrow now and pay back later, generally with additional interest as well (CFPB, 2023; Bank of England, 2022). That 'extra' is called interest‚ and it's what makes debt powerful or dangerous․ Interest is si

Understanding Tax For the purposes of this lesson‚ I am using the term "child" in the broadest sense as for the age of 10 to 16 years when income and taxes can be first introduced meaningfully․ Taxes are money that people and businesses pay to the government. This money is collected from things like wages, buying goods, or owning property. Taxes are important because they help pay for public services that everyone uses. 4 There is evidence that many young people in the United

Structuring an Allowance For the purpose of this lesson, a “child” refers to individuals aged approximately 6 to 14 years, as this is the stage at which parental allowances are most commonly used to introduce financial responsibility. Research in the UK suggests that 71% of parents give their children allowance and 85% of them believe that money skills are important. However, In the UK alone, it is estimated that approximately 1 million UK households do not save for their chi