Encoding, storage and retrieval are the basic processes required for memory. Long-term memory is a relatively permanent and unlimited type of memory e. g. games you played as a child. Working memory is a kind of mental workbench where individuals manipulate and assemble information when they make decisions, solve problems, and comprehend written and spoken language many psychologists prefer the term working memory over short term memory. Contains a central executive (decides what info is stored, relating info from long term memory acts as a manager of the system) and an episodic buffer (acts as a storage of information. Children who have better working memory are linked to more advanced reading, writing, math skills. Schema theory people mold memories to fit information that already exists in their minds this process is guided by schemas, which are mental frameworks that organize concepts and information. Preschool children remember verbatim info more, and school age children remember gist information more.