8A Vocabulary: Money and Finance

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 Money and Finance
Mention as many words as you
can related to money
Answer the following questions
• Do you have debts?
• Do you make a weekly or
monthly budget?
• Do you save money?
• Would you like to make an
investment in the future?
• Do you donate money to
charity?
 8A VOCABULARY
DEBT INTEREST RATE
/det/ /ˈɪn.trɪst ˌreɪt/
Something, especially money, that The interest percent you are
is owed to someone else. charged when you borrow money, or
the interest percent it pays you when
Example: He managed to pay off his you keep money in an account.
debts in two years.
Example: I pay a 7% interest rate for my
loan.

https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
BUDGET
/ˈbʌdʒ.ɪt/
A summary of planned expenses for a
given period, along with the estimated
income for that period.
Example: The school budget is going to
be cut again this year.
SAVINGS
/ˈseɪ·vɪŋz/
The money you keep, especially in a
bank or other financial organization
Example: I put my savings in that jar
over the fridge.
https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
PAY OFF INVESTMENT
/peɪ ɒf/ /ɪnˈvest.mənt/
To give someone all An investment is an asset or item acquired
the money that you owe them. with the goal of generating income or
appreciation.
Example:
He managed to pay off his debts in Example: The value of this investment is 715
two years. million dollars.

https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
INCOME DONATIONS
/ˈɪn.kʌm/ /doʊˈneɪ.ʃənz/
Money that is earned from doing work or Something that is given to help a person
received from investments. or organization in need.

Example: That business is my only source Example: We raised a little over $300
of income. in donations for our charity.

https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
MAKE A LIVING PUT ASIDE SAVINGS
/meɪk ə ˈlɪv.ɪŋ/ /pʊt əˈsaɪd ˈseɪ·vɪŋz/
To earn the money one needs to pay for To save money for a special purpose.
housing, food, etc.
Example: She's been putting aside her
Example: He made a living by working as savings for a vacation.
a cook.

https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
AWARD A GRANT DONATE TO CHARITY
/əˈwɔːrd ə ɡrænt/ /ˈdoʊ.neɪt tə ˈtʃer.ə.t̬i/
An amount of money given to To give money or goods to help a charity.
a person or organization for
a special purpose. Example: I donate 5% of my income to
charity.
Example: They awarded her a
grant to study abroad for one year.

https://dictionary.cambridge.org/es-LA/dictionary/english
 8A VOCABULARY
DEBIT AN ACCOUNT FINANCE A PROJECT
/ˈdeb.ɪt ən əˈkaʊnt/ /ˈfaɪ.næns ə ˈprɑː.dʒekt/
When money is taken out of To provide the money needed for a
your account by the bank. project to happen.

Example: I authorize CLARO to debit my Example: The Commission is

bank account monthly. about to finance a project to detect illicit
crops.

https://dictionary.cambridge.org/es-LA/dictionary/english
 Lend vs. Borrow

Lend means ‘give something to someone for a short time, expecting that you will get it
back’. The past simple and the -ed form are lent:
I never lend my car to anyone.
I lent my sister 20$ (I expect her to pay me back).

Borrow is a regular verb meaning ‘get something from someone, intending to give it
back after a short time’
Could I borrow your pen?
Kevin used to borrow money from me all the time.
Typical error
When you give something, you lend it; when you get or receive something, you borrow it.
Can I borrow your book?
Not: Can I lend your book?

Taken from: https://dictionary.cambridge.org/es-LA/grammar/british-grammar/lend-or-borrow

 Choose the right words to complete
the sentences
1 You should never borrow money if you’re still paying off / putting aside another debt.
2 Borrowing money from the family is the best way to finance / make a small project.
3 The government should make everyone with an income debit / donate some money to
charity.
4 At school, all children should learn how to work out a budget / living.
5 The government should award / finance grants to everyone who goes to university.
6 You should start paying off / putting aside savings for your retirement as soon as you
get your first job.
7 You should pay off / finance your credit card bill every month.
8 Renting rooms in your home is an easy way to do / make a living.

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