ELI5: Explain Like I'm 5


Money is what people use to buy things. It helps us exchange goods and services. People usually earn money by working at a job or running a business. Money can come in different forms, like coins, cash or debit cards. You can also store money in banks, which keeps it safe and helps it grow. Banks also charge fees for their services. To use money, you have to have it in your possession first, either by taking it out of the bank, or by someone giving it to you in exchange for something else. You can use money to buy items you need or want, or you can save it and use it later.