How to use this lesson: read each item aloud, notice the collocation, cover the definition and retrieve the word from memory. Then use at least three items in your own sentences.
10 useful words and phrases
value
How useful or worthwhile something is compared with its cost.
Example: The course offers good value for money.
Natural collocation: good value
statement
A bank document listing transactions.
Example: Check your bank statement regularly.
Natural collocation: monthly statement
budget
A plan for how money will be spent.
Example: We set a monthly budget for food.
Natural collocation: tight budget
income
Money received from work or other sources.
Example: Her income varies from month to month.
Natural collocation: annual income
expense
Money spent on something.
Example: Travel is our biggest business expense.
Natural collocation: monthly expenses
savings
Money kept for future use.
Example: They used their savings for the deposit.
Natural collocation: build up savings
interest
Money paid for borrowing or earned on savings.
Example: The account pays interest monthly.
Natural collocation: interest rate
loan
Money borrowed and repaid later.
Example: He took out a loan to buy a car.
Natural collocation: repay a loan
debt
Money that is owed.
Example: They are trying to reduce their debt.
Natural collocation: get into debt
deposit
Money paid in advance or placed in an account.
Example: We paid a deposit on the flat.
Natural collocation: pay a deposit
Quick vocabulary check
- 1. Which word means “how useful or worthwhile something is compared with its cost”? value
- 2. Which word means “a bank document listing transactions”? statement
- 3. Which word means “a plan for how money will be spent”? budget
- 4. Which word means “money received from work or other sources”? income
- 5. Which word means “money spent on something”? expense
Make the vocabulary active
Choose five items above and make them personal. Say one true sentence about your life, work, studies or experience for each item. For stronger recall, return tomorrow and try to reproduce the collocations without looking.