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@topic Based Vocaburya

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24 views5 pages

@topic Based Vocaburya

Uploaded by

roiryan8bit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Live Lesson Notes

Personal Finance
____________________________________________

Click on a picture to take my online courses!

_________________________________________________________

What you will learn in this worksheet:

Useful links
Useful vocabulary
Discussion about investment
Idioms to talk about personal finance

Copyright@KeithSpeakingAcademy
IELTS Speaking Vocabulary: Money and Finance

“Financial literacy is the confident understanding of concepts


including saving, investing and debt”

Here is some useful vocabulary to talk confidently on the IELTS


Speaking topic of Money and Personal Finance

A budget (n.)

I make a monthly budget


I live on a budget of 500 USD per month

To go/be over budget = to spend more than you planned

I have gone over budget this month

To budget (v.) = to allocate money for something

I will need to budget for a new kitchen this year

budget (adj.) = cheap, economical, low price

We have booked a budget hotel

*****

To save (for retirement)

1) to keep money

To save up

Copyright@KeithSpeakingAcademy
I am saving up to buy a new laptop
I am saving up for a new car

2) to spend less

If you buy in bulk (=buy a lot at one time) you save money

*****

To invest (in something) (v.)

I like to invest in stocks and shares


I invest a lot of time and energy in learning English

Investment (n.) Countable or uncountable

An investor (person)

*****

To earn money
To make money

Have a salary (monthly payment)


Have a wage (weekly payment)

*****

Finance (n.) uncountable

Financial (adj.)

planning
security
freedom
literacy

Copyright@KeithSpeakingAcademy
IELTS Discussion: Investments
An investment is where you buy something and you expect to grow in
value. Here are some things to consider when talking about investments

High risk versus low risk


Long-term versus short-term
Volatile versus stable

A key guiding principle of investing is the following:

"Only invest money you can afford to lose”

Investing is about risks and here are some more related collocations:

• Take calculated risks


• Manage the risk well
• Balance high risk and low risk investments

Get a good return on your investment (ROI)

Which is the best investment?

1. Works of Art
2. Cryptocurrencies (e.g. Bitcoin)
3. Stocks
4. Gold
5. Savings account (bank)
6. Real Estate (property / houses)

I think gold is a a safe haven and a good store of value

Stocks are fairly stable and can pay off in the long term

You make a quick win with cryptocurrencies, but it is a volatile market

I would invest in real estate because it tends not to depreciate (=fall in


value)
A saving account is stable but the interest rate is so low. That said, it
could be a good long-term investment.

Copyright@KeithSpeakingAcademy
IELTS Speaking Idioms about Money and Finance

To be on a shoestring budget = with little money to spend

To be on a tight budget = with little money to spend

To tighten your belt = to be careful with spending money

We don’t have much money, so we need to tighten out belts this month

To make ends meet = to cope, survive (financially)

It’s hard to make ends meet at the end of the month

To be hard up = to have little money (temporarily)

I’m a hard at the moment and can’t afford to go to the pub

To be broke = to have no money left

To get by = to cope, survive

I can get by until my next pay cheque

A juggling act = something that is difficult to balance

Controlling monthly budgets is a juggling act

Once bitten, twice shy! = A proverb meaning when you try something
for the first time and it doesn’t work, the second time you are less likely
to try it.

Copyright@KeithSpeakingAcademy

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