MONEY VOCABULARY

Income (noun): Money received regularly from work or investments

Example: My monthly income allows me to cover all my basic expenses comfortably.

Expense (noun): The cost of something; money spent

Example: Rent is my biggest monthly expense.

Savings (noun): Money that is not spent but kept for future use

Example: I always try to put 20% of my salary into savings.

Budget (noun/verb): A plan for managing income and expenditure

Example: I created a strict budget to avoid unnecessary spending.

Debt (noun): Money owed to someone

Example: After University, I had a huge student loan debt to repay.

Loan (noun): Money borrowed from a bank or individual

Example: We took a loan to buy our first house.