What is money?
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About this module
Before you can be smart with money, you need to know what it actually is. This module covers the basics: why we use money instead of trading stuff, how prices get decided, and why the same candy bar costs more than it did when your parents were kids.
Key takeaways
- Money does three jobs: you trade with it, you save it, and you use it to compare what things are worth.
- Prices come from a tug-of-war between how much people want something and how much of it exists.
- Inflation means prices slowly rise over time, so the same money buys a little less each year.
- Understanding how money works is the foundation every other money decision sits on.