ELI5: Explain Like I'm 5

Debir

Debit is a way to keep track of the money you have in your bank account or your wallet. When you spend money, like buying toys or food, the amount of money you spent is subtracted (taken away) from the total amount of money you had before. This means you have less money than you did before, and it's called a debit. The opposite of a debit is a credit, which means you added money to your account, like when someone gives you a birthday present with money inside. So, if you buy some candy for $2 with your allowance money, your debit will be $2 less, and you'll be left with less money to spend on other things. It's important to make sure you don't spend more money than you have to avoid running out of money completely.
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