Personal Finance

Money

Definition: Paper or coins used to buy things.

• I need money to buy a new book.
• He saved his money for a new bike.
• We use money to pay for food.

Money in a sentence

Savings

Definition: Money that has been set aside or saved for future use.

• She deposited her savings in a bank account.
• His savings helped him buy a new bike.
• Understanding savings is important for financial planning.

Savings in a sentence

Spend

Definition: To use money to buy something; to use time doing something.

• I want to spend my allowance on a new game.
• They decided to spend the weekend at the beach.
• She likes to spend time reading books.

Spend in a sentence

Save

Definition: To keep something safe or to store for later.

• I save money for a new bike.
• Please save your work before turning off the computer.
• They save energy by using less electricity.

Save in a sentence

Buy

Definition: To get something by paying money.

• I want to buy a new phone.
• She bought a gift for her friend.
• They buy fresh vegetables from the market.

Buy in a sentence

Price

Definition: The amount of money required to buy something.

• The price of the shirt is ten dollars.
• I found a good price for my favorite book.
• Prices change depending on the store.

Price in a sentence

Cheap

Definition: Low in price; not expensive.

• This shirt is cheap, but it's still good quality.
• I found a cheap restaurant for lunch.
• Buying cheap items can save you money.

Cheap in a sentence

Expensive

Definition: costing a lot of money

• The shoes were too expensive for her budget.
• They decided against the expensive restaurant.
• Understanding what is considered expensive can guide purchases.

Expensive in a sentence

Job

Definition: a paid position of regular employment

• He found a job at the local library.
• She enjoys her job as a teacher.
• Many students are looking for summer jobs.

Job in a sentence

Pay

Definition: To give money for goods or services.

• I will pay for my lunch today.
• She forgot to pay the bill on time.
• They need to pay for their movie tickets.

Pay in a sentence

Bill

Definition: a statement of money owed

• He received a bill for his phone service.
• The bill was higher than expected.
• She paid the bill at the restaurant.

Bill in a sentence

Bank

Definition: A place where money is kept or managed.

• I need to go to the bank to deposit my allowance.
• The bank offers loans for buying homes.
• He has a savings account at the bank.

Bank in a sentence

Cash

Definition: Money in the form of coins or banknotes.

• I prefer to pay in cash.
• He kept some cash in his wallet.
• They accepted cash for the ticket.

Cash in a sentence

Credit

Definition: Recognition or acknowledgment, often for work done.

• She received credit for her hard work.
• You need to give credit to the author.
• He got credit for his contribution to the project.

Credit in a sentence

Card

Definition: A small piece of paper or plastic with information.

• She gave me a birthday card.
• He paid with his credit card.
• I wrote a thank-you card for my teacher.

Card in a sentence

Loan

Definition: Money borrowed that is expected to be paid back.

• He took a loan to buy a car.
• The bank offered her a loan for school.
• She is paying off her loan slowly.

Loan in a sentence

Earn

Definition: To receive money or reward for work done.

• She wants to earn money for a new bike.
• He hopes to earn a good grade this semester.
• You can earn points by completing tasks.

Earn in a sentence

Work

Definition: activity involving mental or physical effort

• He has a lot of work to do this week.
• She enjoys her work as a teacher.
• They finished their work ahead of schedule.

Work in a sentence

Rich

Definition: Having a lot of money or valuable resources; abundant.

• He is rich in knowledge about science.
• The soil is rich and good for farming.
• They live in a rich neighborhood.

Rich in a sentence

Poor

Definition: Having little money or resources; lacking basic necessities.

• The poor family needed help.
• She volunteers to support poor children.
• He felt sorry for the poor people in the city.

Poor in a sentence

Invest

Definition: To put money into something for future profit.

• They plan to invest in a new project.
• She wants to invest in stocks.
• He decided to invest in his education.

Invest in a sentence

Need

Definition: A requirement or something necessary for survival.

• We all have basic needs like food and water.
• She has a need for more time to complete the project.
• His need for support was clear during the meeting.

Need in a sentence

Want

Definition: To desire something; to wish for.

• I want a new bicycle.
• She wants to learn how to swim.
• They want to visit the zoo this weekend.

Want in a sentence

Food

Definition: Any substance that can be eaten.

• I love Italian food.
• Healthy food is important for our bodies.
• They prepared a lot of food for the party.

Food in a sentence

Clothes

Definition: Items worn to cover the body.

• I need to buy new clothes for school.
• She folded her clothes neatly.
• He donates old clothes to charity.

Clothes in a sentence

Home

Definition: A place where someone lives and feels comfortable.

• My home is my favorite place.
• After a long day, I love to go home.
• He feels safe in his home.

Home in a sentence

Car

Definition: A vehicle with four wheels used for travel.

• My father drives a red car.
• She bought a new car last week.
• The car stopped at the traffic light.

Car in a sentence

Travel

Definition: To go from one place to another.

• I love to travel during summer.
• They plan to travel to Europe next year.
• Travel can be exciting and educational.

Travel in a sentence

Help

Definition: To assist someone with something.

• Can you help me with my homework?
• She helped her mother in the kitchen.
• He always helps his friends.

Help in a sentence

Plan

Definition: A detailed proposal for doing or achieving something; a strategy or outline.

• They made a plan for their vacation next summer.
• Having a plan helps organize thoughts and actions.
• She wrote a plan for her science project.

Plan in a sentence

Budget

Definition: A plan for managing money; an estimate of income and expenses.

• I need to create a budget for my monthly spending.
• We saved money by sticking to our budget.
• The school has a budget for supplies and activities.

Budget in a sentence

Shop

Definition: A place where goods are sold or the act of buying items.

• I will go to the shop to buy some groceries.
• We can shop for new clothes this weekend.
• The shop has many interesting toys for kids.

Shop in a sentence

Shopping

Definition: The activity of buying goods or services, typically from stores.

• She enjoys shopping for clothes on weekends.
• Shopping online has become very popular.
• They went shopping for groceries after school.

Shopping in a sentence

Account

Definition: A record of financial transactions; a personal description of events.

• She opened an account at the bank.
• He shared his account of what happened.
• The account showed all his expenses.

Account in a sentence

Interest

Definition: A feeling of wanting to know or learn about something; a stake in something.

• She has a strong interest in science.
• His interest in music started at a young age.
• They learned about how to manage their interest in saving.

Interest in a sentence

Invoice

Definition: A document that itemizes and records a transaction between a buyer and a seller.

• The company sent an invoice for the services provided.
• She checked the invoice for any errors before paying.
• An invoice is usually due within 30 days.

Invoice in a sentence

Receipt

Definition: A document acknowledging that something has been received, especially in transactions.

• He kept the receipt for his new shoes.
• She asked for a receipt after buying the groceries.
• Understanding receipts is important for budgeting.

Receipt in a sentence

Change

Definition: To make something different; the act of becoming different.

• She decided to change her hairstyle.
• He likes to change his routine every month.
• Change is a natural part of life.

Change in a sentence

Wealth

Definition: the abundance of valuable resources or money

• He used his wealth to help others in need.
• Wealth can bring comfort but also responsibilities.
• Many people dream of accumulating wealth through hard work.

Wealth in a sentence

Financial

Definition: Related to money or the management of money.

• She took a course in financial planning.
• The company is in a strong financial position.
• He needs financial advice for his budget.

Financial in a sentence

Goal

Definition: An aim or desired result that one works towards.

• My goal is to finish reading this book by next week.
• Setting a goal helps me stay focused.
• He scored a goal in the soccer game.

Goal in a sentence

Spending

Definition: The act of using money to buy goods and services.

• She keeps track of her spending to save money.
• His spending on snacks was too high last month.
• Understanding spending habits is important for budgeting.

Spending in a sentence

Afford

Definition: To have enough money to pay for something.

• I can't afford to buy a new phone right now.
• They can afford to go on vacation this year.
• She wants to afford a new bicycle for her birthday.

Afford in a sentence

Expenses

Definition: Costs or amounts of money spent on something.

• His monthly expenses include rent and food.
• She keeps track of her expenses to save money.
• They reduced their expenses by eating at home more.

Expenses in a sentence

Income

Definition: The money received for work or through investments.

• Her income helps support the family.
• He saved part of his income for a vacation.
• They discussed ways to increase their income.

Income in a sentence

Investment

Definition: The action of putting money into something to earn more money in the future.

• He made a smart investment in stocks.
• They discussed investment options for their savings.
• Her investment in education paid off.

Investment in a sentence

Debt

Definition: Money owed to someone; an obligation to pay back.

• He is trying to pay off his debt.
• She learned about managing debt in finance class.
• Living within your means helps avoid debt.

Debt in a sentence

Cost

Definition: The amount of money needed to buy something.

• The cost of the book is ten dollars.
• She checked the cost of the concert tickets.
• It may cost more to travel during the holidays.

Cost in a sentence

Statement

Definition: A clear expression of something in speech or writing.

• The teacher asked for a statement about the project.
• He made a statement about his favorite book.
• She wrote a statement to explain her opinion.

Statement in a sentence

Transaction

Definition: an instance of buying or selling something

• The transaction was completed online.
• He received a receipt for the transaction.
• They tracked the transaction in their records.

Transaction in a sentence

Insurance

Definition: A contract that provides protection against financial loss.

• Car insurance helps pay for damages in an accident.
• I have health insurance to cover doctor visits.
• You should get insurance for valuable items.

Insurance in a sentence

Profit

Definition: The financial gain made after subtracting expenses.

• The business made a profit last year.
• They hope to increase their profit this quarter.
• His hard work led to a profit for the company.

Profit in a sentence

Loss

Definition: the state of losing something; not having something anymore

• His loss of a pet made him very sad.
• The team felt the loss of their star player.
• She experienced a loss when her grandmother passed away.

Loss in a sentence

Debit

Definition: An entry recording an amount owed or payment made, often in a bank account.

• The debit from my account was for groceries.
• She checked her bank statement for recent debits.
• Understanding debits is important for managing money.

Debit in a sentence

Withdraw

Definition: to take back or remove something

• He decided to withdraw his application.
• She had to withdraw money from the bank.
• Understanding withdraw helps in financial contexts.

Withdraw in a sentence

Deposit

Definition: To put money into a bank account; a sum of money given as security.

• He made a deposit to open a new account.
• She needs to deposit her paycheck.
• They require a deposit for the rental.

Deposit in a sentence

Currency

Definition: The money used in a particular country.

• The dollar is the currency of the United States.
• She exchanged her currency for euros.
• Understanding currency is important for travel.

Currency in a sentence

Value

Definition: The importance or worth of something.

• Honesty has great value in life.
• The value of gold is very high.
• She understands the value of hard work.

Value in a sentence

Asset

Definition: Something valuable owned by a person or company.

• The house is their biggest asset.
• Her skills are a great asset to the team.
• Investing in education is an important asset.

Asset in a sentence

Liability

Definition: the state of being responsible for something, especially in law

• He accepted liability for the accident.
• The company has a liability to its employees.
• Understanding liability is important in business.

Liability in a sentence

Tax

Definition: A compulsory financial charge imposed by the government.

• Everyone pays tax on their income.
• He learned about tax rates in his economics class.
• Taxes fund public services like schools and roads.

Tax in a sentence

Balance

Definition: A state of stability; an equal distribution of weight or amount.

• It's important to maintain a balance between work and play.
• She tries to balance her studies and hobbies.
• The scale showed a perfect balance.

Balance in a sentence

Forecast

Definition: a prediction about future events

• The weather forecast says it will rain tomorrow.
• We reviewed the economic forecast for next year.
• The forecast showed sunny skies ahead.

Forecast in a sentence

Budgeting

Definition: The process of planning how to spend money.

• They are budgeting for their school project.
• Budgeting helps manage expenses effectively.
• He learned about budgeting in his economics class.

Budgeting in a sentence

Planning

Definition: The process of making decisions about future activities or projects; organizing.

• Effective planning helps ensure success in projects.
• She enjoys planning events for her friends.
• They spent time planning their vacation itinerary.

Planning in a sentence

Retirement

Definition: The period of life when one stops working.

• He looks forward to his retirement.
• Many people travel during retirement.
• Retirement plans are important to consider.

Retirement in a sentence

Portfolio

Definition: a collection of work or documents

• She showed her portfolio during the job interview.
• His art portfolio impressed the gallery.
• The student created a portfolio of her best essays.

Portfolio in a sentence

Financially

Definition: In a way that relates to money or finances; economically.

• He is financially responsible with his spending.
• The project was supported financially by several donors.
• Understanding financially can help in making informed decisions.

Financially in a sentence

Analysis

Definition: The detailed examination of something to understand it better.

• He did an analysis of the data for his project.
• Her analysis showed interesting results.
• They worked together on the analysis of the report.

Analysis in a sentence

Forecasting

Definition: The process of making predictions about future events based on data or trends.

• Weather forecasting helps us prepare for storms.
• The company relies on sales forecasting to plan production.
• He learned about forecasting in his economics course.

Forecasting in a sentence

Goals

Definition: Desired outcomes or achievements.

• Setting goals helps you stay focused.
• She has academic goals for this school year.
• His goals include learning a new language.

Expenditure

Definition: the amount of money spent

• The expenditure for the trip was higher than expected.
• She tracked her monthly expenditure carefully.
• Understanding expenditure helps in financial planning.

Expenditure in a sentence

Diversification

Definition: The process of varying investments or activities to reduce risk.

• Diversification in business can lead to greater stability.
• They discussed the importance of diversification in farming.
• Understanding diversification helps in planning.

Diversification in a sentence

Inflation

Definition: The rate at which prices for goods and services rise, reducing purchasing power.

• Inflation affects how much we can buy with our money.
• The inflation rate increased last year.
• He learned about inflation in economics class.

Inflation in a sentence

Cash Flow

Definition: The movement of money in and out of a business or personal account.

• Monitoring cash flow is important for financial health.
• He created a cash flow plan for his new business.
• Understanding cash flow helps in budgeting and planning.

Cash Flow in a sentence

Equity

Definition: Fairness or justice in the way people are treated; ownership in a property.

• They believe in equity for all students.
• The company focuses on promoting equity in the workplace.
• She discussed equity in education during the meeting.

Equity in a sentence

Financial Literacy

Definition: The ability to understand and effectively manage personal financial matters.

• Financial literacy is crucial for making smart money decisions.
• She learned about financial literacy in her economics class.
• Improving financial literacy helps avoid debt.

Wealth Management

Definition: financial services that help clients grow their assets

• Wealth management involves investment and financial planning.
• He studied wealth management to help clients achieve goals.
• Understanding wealth management is important for financial success.

Fiscal Policy

Definition: Government policies regarding taxation and spending to influence the economy.

• The government announced a new fiscal policy to boost growth.
• Understanding fiscal policy is important for economics students.
• The fiscal policy aims to control inflation and unemployment.

Fiscal Policy in a sentence

Risk Assessment

Definition: The process of identifying and analyzing potential problems or dangers.

• They conducted a risk assessment before the project began.
• His job involves risk assessment for workplace safety.
• Risk assessment helps in making informed decisions.

Risk Assessment in a sentence

Credit Score

Definition: A numerical representation of a person's creditworthiness based on their credit history.

• A good credit score can help you get loans.
• She checked her credit score before applying for a credit card.
• Understanding credit scores is vital for financial health.

Taxation

Definition: The process of collecting taxes from individuals and businesses by the government.

• Taxation is used to fund public services.
• They learned about taxation in social studies.
• Understanding taxation helps with financial planning.

Taxation in a sentence

Depreciation

Definition: the decrease in value of an asset over time

• The car's depreciation means it's worth less than when we bought it.
• Understanding depreciation helps in calculating taxes.
• He learned about depreciation in his finance class.

Depreciation in a sentence

Appreciation

Definition: Recognition and enjoyment of the good qualities of someone or something.

• He expressed his appreciation for her help.
• I have a deep appreciation for art.
• Showing appreciation can strengthen relationships.

Appreciation in a sentence

Liquidity

Definition: The ease with which an asset can be converted into cash.

• High liquidity means you can quickly access your money.
• She learned about liquidity in her finance class.
• Understanding liquidity is essential for financial management.

Liquidity in a sentence

Financial Planning

Definition: The process of managing finances for future needs.

• He is focused on financial planning for college.
• Financial planning includes budgeting and saving.
• She learned about financial planning in her class.

Financial Planning in a sentence

Economic Stability

Definition: A condition where an economy experiences consistent growth without severe fluctuations.

• Economic stability is crucial for long-term planning.
• The government aims to maintain economic stability.
• Understanding economic stability helps in investment decisions.

Economic Stability in a sentence

Mortgage

Definition: A loan for buying a house.

• They took out a mortgage to buy their home.
• Paying off a mortgage can take many years.
• She is saving money to pay her mortgage.

Mortgage in a sentence

Annuity

Definition: a fixed sum of money paid regularly

• He invested in an annuity for retirement.
• An annuity can provide financial security.
• They discussed the benefits of an annuity in class.

Annuity in a sentence

Dividend

Definition: A payment made by a corporation to its shareholders; a share of profits.

• The company announced a dividend for its investors.
• He received a dividend from his stock investments.
• Understanding dividends can help in financial planning.

Dividend in a sentence

Capital Gains

Definition: Profits from the sale of assets or investments.

• Capital gains taxes are applied to profits made.
• They discussed strategies to minimize capital gains.
• Understanding capital gains is essential for investors.

Capital Gains in a sentence

Financial Independence

Definition: The state of having sufficient personal wealth to live without working actively for basic necessities.

• Achieving financial independence is a common goal for many.
• She worked hard to reach financial independence by saving.
• Understanding financial independence can empower personal choices.

Yield

Definition: To produce or provide something; to give way to.

• The farm will yield a good crop this year.
• He hopes to yield better results with hard work.
• The tree can yield fruit in the summer.

Yield in a sentence

Capital

Definition: The city where a government is based; also refers to wealth used for investment.

• London is the capital of England.
• The company needs capital to expand its business.
• Understanding the concept of capital is important in economics.

Capital in a sentence

Risk

Definition: The possibility of something bad happening.

• There is a risk of falling if you climb too high.
• We need to assess the risk before starting the project.
• Taking risks can lead to great rewards if managed well.

Risk in a sentence

Return

Definition: To go back to a place or give something back.

• I will return the book to the library.
• Please return the favor when you can.
• He plans to return home next week.

Return in a sentence

Strategy

Definition: A plan of action designed to achieve a goal.

• We need a strategy to complete the project on time.
• The team developed a new strategy for winning.
• Her strategy for studying includes flashcards.

Strategy in a sentence

Leverage

Definition: To use something to maximum advantage; often refers to resources or influence.

• He used his connections to leverage a better job offer.
• Understanding leverage can help in negotiations.
• She aims to leverage her skills for career growth.

Leverage in a sentence

Valuation

Definition: the process of determining the value of an asset

• The valuation of the company was conducted last week.
• He learned how to perform a business valuation.
• Valuation helps in making investment decisions.

Valuation in a sentence

Securities

Definition: Financial instruments that represent ownership or debt.

• Investors buy and sell securities in the stock market.
• Understanding securities is essential for trading.
• Securities can provide income through dividends.

Securities in a sentence

Dividends

Definition: Payments made by a corporation to its shareholders from its profits.

• She received dividends from her stocks this quarter.
• The company announced higher dividends this year.
• Understanding dividends can help in financial planning.