SOME BAD WAYS OF EARNING MONEY
1. Tax evasion.2. Smuggling goods.
3.use of 'ghost names' on payrolls.
4.stealing and armed robbery.
SAVING MONEY
Saving money means keeping money for future use.
MEANS OF SAVING MONEY
a. Saving with the bank.b. Keeping money in Money boxes.
c. Saving with 'Susu' group.
d. Buying shares from a profitable company.
IMPORTANCE OF SAVINGS
1.it helps us to use money wisely.2.it helps us to meet our needs in future.
3.it helps us to get loan easily from the bank.
4.saving helps us to guard unforseen circumstances.
EXERCISE
Differentiate between stealing and armed robbery.
ASSIGNMENT
State any three (3) problems associated with borrowing money.
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