Saving or spending money in Money Glossary for IELTS

10 Money terms

This glossary can help you prepare for the IELTS writing tasks related to the Saving or spending money in Money.


additionally:

adverb

As an extra factor or circumstance.

Example: Additionally, it will reduce the stress of unforeseen situations such as dealing with an expensive treatment for a health issue.

balanced:

adjective

Keeping or showing a balance; in good proportions.

Example: We as individuals must live a more balanced life enjoying the present.

consumerism:

noun

The protection or promotion of the interests of consumers. (Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal.)

Example: Moreover, we are leaning towards consumerism believing that material things will bring happiness.

economy:

noun

The state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Example: We are currently living in an experience economy.

extremely:

adverb

To a very great degree; very.

Example: I believe it is extremely important to have investments or a source of income.

investments:

noun

The action or process of investing money for profit.

Example: I believe it is extremely important to have investments or a source of income.

predict:

verb

Say or estimate that (a specified thing) will happen in the future or will be a consequence of something.

Example: Moreover, we cannot predict the future and cannot ensure we will live a long life.

retirement:

noun

The action or fact of leaving one's job and ceasing to work.

Example: However, we are not paying attention to the future nor having a retirement plan.

savings:

noun

The money one has saved, especially through a bank or official scheme.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

spending:

verb

Give (money) to pay for goods, services, or so as to benefit someone or something.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

additionally:

adverb

As an extra factor or circumstance.

Example: Additionally, it will reduce the stress of unforeseen situations such as dealing with an expensive treatment for a health issue.

balanced:

adjective

Keeping or showing a balance; in good proportions.

Example: We as individuals must live a more balanced life enjoying the present.

consumerism:

noun

The protection or promotion of the interests of consumers. (Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal.)

Example: Moreover, we are leaning towards consumerism believing that material things will bring happiness.

economy:

noun

The state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Example: We are currently living in an experience economy.

extremely:

adverb

To a very great degree; very.

Example: I believe it is extremely important to have investments or a source of income.

investments:

noun

The action or process of investing money for profit.

Example: I believe it is extremely important to have investments or a source of income.

predict:

verb

Say or estimate that (a specified thing) will happen in the future or will be a consequence of something.

Example: Moreover, we cannot predict the future and cannot ensure we will live a long life.

retirement:

noun

The action or fact of leaving one's job and ceasing to work.

Example: However, we are not paying attention to the future nor having a retirement plan.

savings:

noun

The money one has saved, especially through a bank or official scheme.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

spending:

verb

Give (money) to pay for goods, services, or so as to benefit someone or something.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

additionally:

adverb

As an extra factor or circumstance.

Example: Additionally, it will reduce the stress of unforeseen situations such as dealing with an expensive treatment for a health issue.

balanced:

adjective

Keeping or showing a balance; in good proportions.

Example: We as individuals must live a more balanced life enjoying the present.

consumerism:

noun

The protection or promotion of the interests of consumers. (Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal.)

Example: Moreover, we are leaning towards consumerism believing that material things will bring happiness.

economy:

noun

The state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Example: We are currently living in an experience economy.

extremely:

adverb

To a very great degree; very.

Example: I believe it is extremely important to have investments or a source of income.

investments:

noun

The action or process of investing money for profit.

Example: I believe it is extremely important to have investments or a source of income.

predict:

verb

Say or estimate that (a specified thing) will happen in the future or will be a consequence of something.

Example: Moreover, we cannot predict the future and cannot ensure we will live a long life.

retirement:

noun

The action or fact of leaving one's job and ceasing to work.

Example: However, we are not paying attention to the future nor having a retirement plan.

savings:

noun

The money one has saved, especially through a bank or official scheme.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

spending:

verb

Give (money) to pay for goods, services, or so as to benefit someone or something.

Example: Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have savings or investment plan in place.

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