Page 128 - Key to Social Studies 3

Forms of Money

• Coins or metal money

• Bills or paper money

• Bank checks

• Credit cards

Coins

People decide how they Paper money

can earn, spend, and

save money.

Bank check

Credit cards
Save and Invest

• It is better not to spend all your income,

but to keep some for later. This is called

saving. People save money in a bank to get

interest. Interest is the money a bank pays

people to encourage them to keep their

money in the bank. Sometimes people will

invest their money in businesses.

• A budget plan helps you decide how much

to spend and how much to save. It also

helps you decide what goods and services

to buy. A budget plan helps you decide

whether to save your money or invest it.
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