15 | Finance

Today you will learn 5 new English words related to "Finance"

Author

SEWT Team
July 10, 2024

Finance

“Financial” literacy isn't just about numbers – it's about empowering yourself in English! For ESL learners like yourself, understanding basic financial terms equips you to discuss everyday topics like budgeting, saving, and paying bills. Learning about financial products like bank accounts and credit cards can also help you navigate the English-speaking world confidently. So, are you ready to take control of your “financial” future with today’s vocabulary words? If so, let’s jump right in!

In today’s lesson, you’re going to have:

  • 5 advanced English vocabulary words about Finance.

  • 15 examples of phrases that you can use on a daily basis.

  • Eye-catching images will help you learn and retain the vocabulary.

5 VOCABULARY WORDS

1. Deposit

Verb

📚 DEFINITION

To put money into a bank account.

📄 Example Sentences:

  1. I deposited my paycheck into my checking account.

  2. You can deposit cash or checks at the ATM.

  3. Be sure to endorse your check before depositing it.

2. Withdraw

Verb

📚 DEFINITION

To take money out of a bank account.

📄 Example Sentences:

  1. I need to withdraw some cash from the ATM.

  2. You can withdraw money using your debit card.

  3. It's important to check your balance before withdrawing cash.

3. Interest

Noun

📚 DEFINITION

The money you earn on your savings in a bank account.

📄 Example Sentences:

  1. The interest rate on my savings account is very low.

  2. You can earn interest on your money by investing it.

  3. The longer you keep your money in the bank, the more interest you will earn.

4. Debt

Noun

📚 DEFINITION

Money that you owe to someone else.

📄 Example Sentences:

  1. I have a student loan debt that I need to pay off.

  2. Credit card debt can be very expensive.

  3. Managing your debt is important for your financial health.

5. Bill

Noun

📚 DEFINITION

A statement that shows how much money you owe for goods or services.

📄 Example Sentences:

  1. I need to pay my electricity bill this month.

  2. Don't forget to pay your phone bill on time.

  3. It's important to review your bills carefully before paying them.

A PARAGRAPH USING THE 5 VOCABULARY WORDS

❝

With effective financial management, it is important to understand the interplay between incoming and outgoing funds. Regular deposits, from your salary or business income, fuel your accounts. However, recurring bills for utilities, rent, and groceries demand timely withdrawals. Careful budgeting can help you plan for these outflows and prioritize them. Debt, with its accruing interest, can sometimes be necessary for larger purchases, but minimizing it is crucial. To achieve this balance, you should monitor your withdrawals, maximize deposits whenever possible, and consider setting up automatic transfers to build an emergency fund that can act as a buffer against unexpected withdrawals.s and restaurants create an exhilarating atmosphere. So pack your bag and get ready to explore the world, because the possibilities for travel destinations are endless.

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