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Lesson 17 – Money
There are a lot of things you can do with money!
First, you need to
earn money or
make money – both of these verbs refer to receiving money from your
work. 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 very rich, you could
inherit a fortune (a fortune is a lot of
money).
You can 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.
If
money is tight (meaning you have very little money), 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 (continue following
the plan). Otherwise, you might
be broke by the end of the month! Someone who is “broke” has no
money available.
A person who is
financially savvy (intelligent, perceptive, and well-informed on the subject of money)
will always
save money. It’s a good idea to have an
emergency fund of at least 3-6 months of
living
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