BANKING

When banking you can open up many accounts to have access to your money. One account is a  savings account with a savings account you can have access to your money but if you leave it aloe over time you will gain interest. Another account would be a checking account a checking account is an account of all of your own money this is the most liquid account and you gain no interest from it.The easiest way to access tour money with either of these accounts you get a debit card. With banking you can also take out loans and loans are approved and denied based on your credit score. Another thing to do with banking that has to do with  your credit score is a credit card, a credit card given by the bank for you be able to access money you are borrowing from the bank. 

Saving & Inflation

You can make more money with your own money, cool, don't you think? this is called gaining interest on your own savings. saving money is very beneficial because the longer you keep money in your account the more money(interest) you accumulate. Over time if your interest rate is not higher than the inflation rate you will lose money over time because inflation is when the value of money goes down over time.