MONEY VOCABULARY
This is the paper proof you get after buying something.
Receipt
Money you regularly receive from your parents.
allowance
To return money you borrowed.
pay back
If something is very expensive, it costs…
an arm and a leg
US teens spend most money on these two things.
food and clothes
Money you get back if you return a product.
refund
A plan that helps you control how much money you spend.
budget
To spend a lot of money on something fun.
splash out
To get something cheap and quickly.
snap up a bargain
One way teens earn money besides gifts.
chores / part-time jobs
When a product costs less than normal, it is sold at a…
discount / sale
If you spend more money than you have, you get into…
debt
To compare prices before buying.
shop around
To waste money carelessly.
throw money down the drain
Many teens prefer this instead of cash.
debit card
Extra money a bank may charge you for using its services.
bank charge/fee
Coins and banknotes together are called…
cash
When something is no longer available in stores.
sell out
To spend a huge amount of money.
spend a fortune
A financial worry teens have is spending too much using this.
credit card
When you spend money unnecessarily, you do this with money.
waste money
The amount something is worth.
value
To cheat someone by charging too much.
rip off
To reduce spending because you have little money.
tighten your belt
Only a small percentage of teens calculate this to manage money.
budget / financial plan