Money

To get started, you need to earn money or make money – both of these verbs refer to receiving money from your work or other sources of income. Another way to obtain money is to inherit money – receive money from a family member or friend after that person dies. If the person was filthy rich, you could inherit a fortune. It is possible to take your money to the bank and make a deposit – put money into your bank account. Later, you can make a withdrawal – remove money from your bank account. Of course, everyone likes to spend money – use money to buy things – but it’s important not to waste/squander your money. These verbs refer to using money in a way that’s not productive.

When money is tight, you should make a budget – a plan for how much to spend on things every month – and then you need to stick to the budget. Otherwise, you might be broke by the end of the month! Someone who is “broke” has no money.

One who is financially savvy will always save money. It’s a good idea to have an emergency fund of at least 3-6 months of living expenses. You can also 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.

Say you want to purchase an expensive item like a car. If you haven’t saved up money or set money aside for the purchase, you can borrow money from the bank – which is also called taking out a loan. The disadvantage of this is that you’ll need to pay the money back in installments – plus interest (extra money).

When travelling, you’ll need to change/exchange money to be able to buy things with the local currency. Make sure to change money only at official locations like banks and travel agencies – otherwise, you could be tricked into receiving counterfeit bills.

Finally, you can consider donating money to a good cause, such as preserving the environment or researching cures for diseases. Non-profit organizations are always trying to raise money for their various projects.