Money

Question 1

Inherit money

Inherit a fortune

Answer 1

Another way to obtain money is to inherit money.

If the person was very rich, you could inherit a fortune (a fortune is a lot of money).

Question 2

Make a deposit

Answer 2

put money into your bank account

You can take your money to the bank and make a deposit.

Sometimes your employer can pay your salary by making a deposit directly in your bank account.

Question 3

Make a withdrawal

Answer 3

Remove money from your bank account

You can make a withdrawal whenever you need the money you’ve put into your bank account.

Question 4

Waste/squander your money

Answer 4

Of course, everyone likes to spend money, but it’s important not to waste/squander your money.

Question 5

Money is tight

Answer 5

Meaning you have very little money

If money is tight, you should make a budget.

Question 6

Make a budget

Answer 6

A plan for how much to spend on things every month

If money is tight, you should make a budget and then you need to stick to the budget.

Question 7

Stick to the budget

Answer 7

If money is tight, you should make a budget and then you need to stick to the budget. Otherwise, you might be broke by the end of the month!

Question 8

Broke

Answer 8

You need to stick to the budget. Otherwise, you might be broke by the end of the month.

Question 9

Financially savvy

Answer 9

intelligent, perceptive, and well-informed on the subject of money

A person who is financially savvy will always save money.

Question 10

Emergency fund

Answer 10

It’s a good idea to have an emergency und of at least 3-6 months of living expenses.

Question 11

Living expenses

Answer 11

the amount of money you use to survive in everyday life

It’s a good idea to have an emergency fund of at least 3-6 months of living expenses.

Question 12

Invest money in the stock market

Answer 12

You can invest money in the stock market - you could make a nice profit, but there’s also the risk of losing money if the economy goes downhill.

Question 13

Economy goes downhill

Answer 13

You can invest money in the stock market - you could make a nice profit, but there’s also the risk of losing money if the economy goes downhill (starts to get worse).

Question 14

Set aside money

Answer 14

Let’s say you want to purchase an expensive item like a car. If you haven’t saved up money or set aside money for the purchase, you can borrow money from the bank - which is also called taking out a loan.

Question 15

Taking out a loan

Answer 15

If you haven’t saved up money or set aside money for the purchase, you can take out a load (borrow money from the bank).

Question 16

Pay the money back in installments - plus interest

Answer 16

The disadvantage of taking out a loan is that you’ll need to pay the money back in installments - plus interest.

Question 17

Counterfeit bills

Answer 17

False paper money that is not legally valid

Make sure to change/exchange money only at official locations like banks and travel agencies - otherwise, you could be tricked receiving counterfeit bills.

Question 18

Donating money

Answer 18

You can consider donating money to a good cause, such as preserving the environment or researching cures for diseases.

Question 19

Raise money

Answer 19

get donations

Non-profit organizations are always trying to raise money for their various projects.