Imagine you have a piggy bank where you put your pocket money. Now, let's say you live in Namibia. In Namibia, you will see that some things cost more money than they do in other places. This is called the "cost of living."
Cost of living means how much money you need to be able to buy the things you need like food, clothes, and toys. For example, in Namibia, you might need to spend more money on basic things like groceries, transportation, and housing than you might in other places.
This is because some things are harder to get or grow in Namibia than in other places, so they cost more. It's kind of like if you wanted a rare toy that's hard to find, it would probably cost more than a toy that's easy to find.
So, if you live in Namibia, you might spend more money on your everyday needs than someone living in another country. However, it's important to remember that the cost of living can vary depending on where you are in Namibia, and how much money you have to spend.