{"id":8141,"date":"2021-07-30T03:03:11","date_gmt":"2021-07-30T07:03:11","guid":{"rendered":"https:\/\/blogs.transparent.com\/english\/?p=8141"},"modified":"2021-07-30T03:03:11","modified_gmt":"2021-07-30T07:03:11","slug":"money-talks","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/english\/money-talks\/","title":{"rendered":"Money talks"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Good morning, everyone! Talking about money isn\u2019t always easy. Over the past few years, global economy underwent a major blow as the pandemic hit and affected the market on a huge scale. A lot of people lost their jobs or couldn\u2019t secure a stable stream of income, and so the money problems begin! <\/span><\/p>\n<p><span style=\"font-weight: 400\">As unpleasant as it may be, there comes a time in our adult lives when we inevitably have to face issues like these. And it sure can be a lot easier when you have the language skills to communicate about it, right? Today\u2019s text will go over a few terms to talk about personal finance in English. Let\u2019s have a look at it? I promise it will pay off!<\/span><\/p>\n<h3 style=\"text-align: center\"><b>borrow\/ lend<\/b><\/h3>\n<div id=\"attachment_8142\" style=\"width: 387px\" class=\"wp-caption alignleft post-item__attachment\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8142\" class=\" wp-image-8142\" src=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-breakingpic-3305.jpg\" alt=\"\" width=\"377\" height=\"249\" srcset=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-breakingpic-3305.jpg 640w, https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-breakingpic-3305-350x231.jpg 350w\" sizes=\"auto, (max-width: 377px) 100vw, 377px\" \/><p id=\"caption-attachment-8142\" class=\"wp-caption-text\">Talking about money problems in English (Photo by breakingpic from Pexels)<\/p><\/div>\n<p><span style=\"font-weight: 400\">If you are in a tight spot financially, you might have to borrow money from someone or from a bank and pay them back later<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Oh, shoot, I left my wallet in the car. Could I <strong>borrow<\/strong> 20 dollars?<\/span><\/li>\n<li><span style=\"font-weight: 400\">My father <strong>lent<\/strong> me 10.000 dollars to cover part of my wedding expenses.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>loan<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Money you borrow from a financial institution and must be paid back on the agreed upon date<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">My husband and I just applied for a <strong>loan<\/strong> to start our own business.<\/span><\/li>\n<li><span style=\"font-weight: 400\">If you want to buy a car nowadays, you will have to <strong>take out<\/strong> a bank <strong>loan<\/strong>.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>interest rates<\/b><\/h3>\n<p><span style=\"font-weight: 400\">But watch out, getting a loan means they will charge you for interest rates.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Factors like the state of the economy or inflation may lead to a rise in <strong>interest rates<\/strong>.<\/span><\/li>\n<li><span style=\"font-weight: 400\">What is the average <strong>interest rate<\/strong> for a loan here?<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>mortgage<\/b><\/h3>\n<p>The money you borrow to buy real estate.<\/p>\n<ul>\n<li><span style=\"font-weight: 400\"><strong>Taking out<\/strong> a <strong>mortgage<\/strong> is a big money drainer, but it is still better than paying rent.<\/span><\/li>\n<li><span style=\"font-weight: 400\">If you fail to pay your <strong>mortgage<\/strong>, you run the risk of having your home repossessed.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>in debt<\/b><\/h3>\n<div id=\"attachment_8143\" style=\"width: 444px\" class=\"wp-caption alignright post-item__attachment\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8143\" class=\" wp-image-8143\" src=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-liliana-drew-8555256.jpg\" alt=\"\" width=\"434\" height=\"289\" srcset=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-liliana-drew-8555256.jpg 640w, https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-liliana-drew-8555256-350x233.jpg 350w\" sizes=\"auto, (max-width: 434px) 100vw, 434px\" \/><p id=\"caption-attachment-8143\" class=\"wp-caption-text\">Learn about personal finance in English (Photo by Liliana Drew from Pexels)<\/p><\/div>\n<p><span style=\"font-weight: 400\">If you owe money to a person or an institution, this could mean that you are in debt.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Due to the recession, the company is now deeply <strong>in debt<\/strong>.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Getting a college education in the US could mean being <strong>in debt<\/strong> for many years to come.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>in the red<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Another way to say that you spent more money than you earned is to say you are in the red.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">If we remain <strong>in the red<\/strong> for longer, we\u2019ll eventually go out of business.<\/span><\/li>\n<li><span style=\"font-weight: 400\">My account is 500 dollars<strong> in the red<\/strong>, I hope I can get my paycheck soon.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>overdraft<\/b><\/h3>\n<p><span style=\"font-weight: 400\">And if you spend more than you have on your bank account, a bank might temporarily allow you to have an overdraft.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">My bank account has a 300 dollar limit on <strong>overdrafts<\/strong>.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Be careful with your spending so you don\u2019t <strong>run up an overdraft<\/strong>.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>pay off<\/b><\/h3>\n<p><span style=\"font-weight: 400\">On the other hand, you can pay off your debts and no no longer owes money.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Haley managed to save up enough money to <strong>pay off<\/strong> her students loans.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Three more months and the car will finally be <strong>paid off<\/strong>!<\/span><\/li>\n<\/ul>\n<div id=\"attachment_8144\" style=\"width: 397px\" class=\"wp-caption alignleft post-item__attachment\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8144\" class=\" wp-image-8144\" src=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726.jpg\" alt=\"\" width=\"387\" height=\"258\" srcset=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726.jpg 640w, https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726-350x233.jpg 350w\" sizes=\"auto, (max-width: 387px) 100vw, 387px\" \/><p id=\"caption-attachment-8144\" class=\"wp-caption-text\">Digging into your savings can be a bad ideia (Photo by maitree rimthong from Pexels)<\/p><\/div>\n<h3 style=\"text-align: center\"><b>bail out<\/b><\/h3>\n<p><span style=\"font-weight: 400\">If someone helps you from financial trouble, they are bailing you out.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">When Tim lost his job, his family had to <strong>bail him out<\/strong> so he wouldn\u2019t lose his house.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The government is discussing a plan to <strong>bail out<\/strong> businesses who couldn&#8217;t operate during the lockdown.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>(dig\/dip into your) savings<\/b><\/h3>\n<p><span style=\"font-weight: 400\">When money is tight, you might have to dig into your savings.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">I had to <strong>dig into my savings<\/strong> to pay for the hospital bills.<\/span><\/li>\n<li><span style=\"font-weight: 400\">George was unemployed for 4 months, so he had to start <strong>dipping into his savings<\/strong>.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center\"><b>(file for) bankruptcy<\/b><\/h3>\n<p><span style=\"font-weight: 400\">And finally, when you see yourself unable to pay off your debts, you declare bankruptcy.\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Businesses in the hospitality industry<strong> filing for bankruptcies<\/strong> has been increasing over the past year.<\/span><\/li>\n<li><span style=\"font-weight: 400\">If sales continue to go down this quarter, we might be <strong>on the verge of bankruptcy<\/strong>.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">A penny for your thoughts? Do you know any other money-related terms? Make sure to comment below. Check out this previous post on the subject <a href=\"https:\/\/blogs.transparent.com\/english\/money-money-money\/\">here<\/a>. Have a wonderful weekend!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<img width=\"350\" height=\"233\" src=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726-350x233.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726-350x233.jpg 350w, https:\/\/blogs.transparent.com\/english\/wp-content\/uploads\/sites\/31\/2021\/07\/pexels-maitree-rimthong-1602726.jpg 640w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><p>Good morning, everyone! Talking about money isn\u2019t always easy. Over the past few years, global economy underwent a major blow as the pandemic hit and affected the market on a huge scale. A lot of people lost their jobs or couldn\u2019t secure a stable stream of income, and so the money problems begin! As unpleasant&hellip;<\/p>\n<p class=\"post-item__readmore\"><a class=\"btn btn--md\" href=\"https:\/\/blogs.transparent.com\/english\/money-talks\/\">Continue Reading<\/a><\/p>","protected":false},"author":136,"featured_media":8144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[135139,135370],"tags":[554084,554085,554087,554088,554091,554086,554082,554092,554090,554093,554089,554083],"class_list":["post-8141","post","type-post","status-publish","has-post-thumbnail","hentry","category-english-language","category-english-vocabulary","tag-dig-into-your-savings","tag-dip-into-your-savings","tag-in-debt","tag-in-the-red","tag-loan","tag-money-idioms","tag-money-problems","tag-money-vocabulary","tag-mortgage","tag-overdraft","tag-pay-off","tag-talking-about-money-english"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/posts\/8141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/users\/136"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/comments?post=8141"}],"version-history":[{"count":1,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/posts\/8141\/revisions"}],"predecessor-version":[{"id":8145,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/posts\/8141\/revisions\/8145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/media\/8144"}],"wp:attachment":[{"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/media?parent=8141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/categories?post=8141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.transparent.com\/english\/wp-json\/wp\/v2\/tags?post=8141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}