Money vocabulary

 

Mastering money vocabulary involves understanding verbs, idioms, and specialized terms used for budgeting, banking, and spending.

💳 1. Essential Verbs & Actions

• To earn: To receive money in exchange for work or services.
• To budget: To plan how much money you will spend and save over a period of time.
• To invest: To put money into property, shares, or a commercial venture with the expectation of making a profit.
• To borrow (from): To take money from someone with the intention of returning it.
• To lend (to): To give someone money temporarily, expecting it to be paid back.
• To owe: To have an obligation to pay money back to someone.

🏦 2. Banking & Account Terms

• Income: The regular money you receive (salary, wages) for your work.
• Expenses: The money you spend on living costs (rent, food, bills).
• Deposit: To put money into a bank account.
• Withdraw: To take money out of a bank account.
• Overdraft: An extension of credit from a lending institution when an account reaches zero.
• Interest: The extra money you pay back when you borrow, or the money you earn when you save.

🗣️ 3. Phrasal Verbs & Idioms

• Splash out (on): To spend a lot of money on something nice or luxurious.
• Fork out: To pay for something, especially reluctantly or when it is expensive.
• Rip off: To overcharge someone or cheat them out of money.
• Save up: To keep money instead of spending it so you can buy something specific in the future.
• A penny saved is a penny earned: An idiom meaning it is wise to save money because saved money is just as valuable as earned money.

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