Purchases refer to the act of buying goods or services in exchange for money. When you go to a store or shop online, you make a purchase by selecting items you want and paying for them. This process can involve various methods of payment, such as cash, credit cards, or digital wallets. Understanding purchases is important for managing your finances. Keeping track of your purchases helps you budget and avoid overspending. You can also look for sales or discounts to save money on items you need, making your shopping experience more enjoyable and economical.