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Cambridge English: KET (A2 Key) - Money & Personal Finance

Learn KET vocabulary for money and personal finance, including prices, cash, cards, saving, spending, paying, banks, and everyday financial situations.

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Cambridge English: KET (A2 Key)
salary
salary
[noun]

an amount of money we receive for doing our job, usually monthly

Ex: Employees receive their salary at the end of the month. 
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to spend
to spend
[Verb]

to use money as a payment for services, goods, etc.

Ex: She spent a lot on gifts for her family during the holiday season. 
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to lend
to lend
[Verb]

to give someone something, like money, expecting them to give it back after a while

Ex: She agreed to lend her friend some money until the next payday. 
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to borrow
to borrow
[Verb]

to use or take something belonging to someone else, with the idea of returning it

Ex: Can I borrow your umbrella?  It's raining outside, and I left mine at home. 
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to earn
to earn
[Verb]

to get money for the job that we do or services that we provide

Ex: Freelancers earn money based on the projects they complete. 
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to cost
to cost
[Verb]

to require a particular amount of money

Ex: The new smartphone costs $500, but it comes with advanced features. 
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to waste
to waste
[Verb]

to use something without care or more than needed

Ex: She tends to waste water by leaving the faucet running while brushing her teeth. 
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to save
to save
[Verb]

to keep money to spend later

Ex: She saves a portion of her salary every month for emergencies. 
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to pay
to pay
[Verb]

to give someone money in exchange for goods or services

Ex: She paid the repairman to fix her broken dishwasher. 
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change
change
[noun]

the money that is returned to us when we have paid more than the actual cost of something

Ex: When I handed the server a twenty-dollar bill for my meal, I waited patiently for my change to be returned. 
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cash
cash
[noun]

money in bills or coins, rather than checks, credit, etc.

Ex: He always keeps a little cash in his wallet for emergencies. 
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bank account

a financial arrangement between a person and a bank that allows them to put money in and take money out whenever they need to

Ex: She opened a new bank account to save for her future. 
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to afford
to afford
[Verb]

to be able to pay the cost of something

Ex: If you save consistently, you may eventually afford a house. 
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cent
cent
[noun]

a unit of money in some countries, equal to one hundredth of a dollar or euro

Ex: He dropped a few cents into the musician's guitar case. 
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cheque
cheque
[noun]

a piece of printed paper where one writes an amount of money and signs it, used as a form of payment instead of cash

Ex: She wrote a cheque for the rent and mailed it to her landlord. 
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dollar
dollar
[noun]

the unit of money in the US, Canada, Australia and several other countries, equal to 100 cents

Ex: I need to break this twenty dollar bill into smaller ones. 
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euro
euro
[noun]

the money that most countries in Europe use

Ex: I exchanged my dollars for euros before my trip to Europe. 
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penny
penny
[noun]

a fractional monetary unit of Ireland and the United Kingdom; equal to one hundredth of a pound

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pound
pound
[noun]

the currency of the UK and some other countries that is equal to 100 pence

Ex: I exchanged my dollars for pounds before my trip to London. 
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