West Bromwich building Society

Finance

Mortgage

Mortgages are things that usally paid on houses. Most people can't afford a full house so they borrow money from the bank, but then they have to pay back what they borrowed to the bank in bits.

Insurance

Insurance is when pays an insurance company an amount of money each month (these amounts vary from which insurance company you use). You can get insurance on many things eg cars.For example if somthing happens to your car the insurance company will pay you how much you covered for.

Salaries

Salaries are what people get when they have a job. Different jobs pay different amounts of money. Here is a list, a doctor earns $156,000 a year and a headteacher earns 55,700.