Basic Money Vocabulary
Definition: Money made of paper, not coins
Bills
This idiom means “very expensive.”
It costs an arm and a leg
To save money for something in the future
save up (for) OR set aside
What does someone say when they have no money
The basic unit of American money is called a ______.
U.S. Dollar
Definition: Money you keep and don’t spend
savings
This idiom means “time is valuable.”
Time is money.
To return money that you borrowed
pay back
If someone says something is "bougie", what do they mean?
Refers to something fancy or expensive
George Washington, First President of the USA
Definition: The money you earn from a job
income OR salary
This idiom means “money is limited.”
To have no money or supplies left
to run out of
"Bread" and "bag" both refer to what?
"easy money" or a way of refering to cash that was easily obtained
Americans often say “bucks” instead of this word.
Dollars/Cash/Bills
Definition: A plan for how you spend your money
Budget
This idiom means “to spend too much money.”
Break the bank.
To give money together with others for something
chip in
What does it mean when someone flexes on someone else?
This phrase means “to show off your money or expensive things.”
The coin worth 25 cents is called a __________.
Quarter
Money that you owe to someone or a company
Debt
This idiom means something is "losing money".
...in the red.
to spend a lot on something nice
to splurge (on)
What is a "side hustle"?
Americans celebrate this day every November where people shop for big discounts after Thanksgiving.
Black Friday