In this lesson, we break down practical vocabulary from our premium Money episode and show you how to use it naturally in IELTS Speaking.
Watch the full video lesson here:
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Nouns & Noun Phrases
Outgoings
Outgoings refers to the money you regularly spend on essential things such as rent, bills, transport, and groceries.
Example sentences:
“I track my outgoings carefully each month so I don’t overspend.”
“After moving into my own apartment, my outgoings increased significantly.”
The lion’s share
This expression describes the largest portion of something, especially money.
Example sentences:
“The lion’s share of my income goes on rent.”
“The lion’s share of my spending is on basic necessities.”
Rainy day fund
A rainy day fund is money saved for emergencies or unexpected situations.
Example sentences:
“I like having a rainy day fund in case something unexpected comes up.”
“Having a rainy day fund gives me peace of mind.”
Allowance
An allowance is a small amount of money given regularly, often to children.
Example sentences:
“My parents gave me a weekly allowance when I was growing up.”
“Managing my allowance taught me not to spend everything at once.”
Piggy bank
A piggy bank is a container used for saving coins or small amounts of money.
Example sentences:
“I used to put my allowance into a piggy bank.”
“Saving in a piggy bank taught me patience.”
Occasional splurge
This phrase refers to spending extra money once in a while as a treat.
Example sentences:
“I allow myself the occasional splurge on nice clothes.”
“An occasional splurge doesn’t bother me as long as I’m saving regularly.”
Verbs & Verb Phrases
Track
To track spending means to regularly monitor where your money goes.
Example sentences:
“I track my spending using an app.”
“Once I started tracking my expenses, I realised how much I was wasting.”
Stick to a budget
This phrase means following a spending plan without going over it.
Example sentences:
“I try to stick to a budget, but it’s not always easy.”
“Sticking to a budget has helped me save more consistently.”
Set money aside
This means saving money for a specific purpose.
Example sentences:
“I set money aside every month for travel.”
“It’s getting harder to set money aside because prices keep rising.”
Commit to a purchase
This means making a final decision to buy something after thinking carefully.
Example sentences:
“I think carefully before I commit to a purchase.”
“I don’t commit to buying something unless I really need it.”
Tap my phone
This refers to paying by contactless payment using a smartphone.
Example sentences:
“I usually just tap my phone instead of carrying cash.”
“It’s much quicker to tap my phone and pay instantly.”
Skyrocket
This verb describes a very fast and dramatic increase, often in prices or costs.
Example sentences:
“Rent prices have skyrocketed.”
“Living expenses have skyrocketed in recent years.”
Adjectives & Descriptive Expressions
Intentional
Intentional spending is planned and purposeful, not impulsive.
Example sentences:
“I’ve become much more intentional with my spending.”
“Being intentional helps me avoid unnecessary purchases.”
Bulky
Bulky describes something large or awkward to carry.
Example sentences:
“I hate carrying a bulky wallet full of coins.”
“Cash feels bulky compared to digital payments.”
Disciplined
Being disciplined with money means controlling spending consistently.
Example sentences:
“I’m quite disciplined with my budget now.”
“Being disciplined has helped me build better money habits.”
Financially literate
This describes someone who understands how money works.
Example sentences:
“Many young people are becoming more financially literate.”
“Social media has helped people become more financially literate.”
Keen on investing
This expression means being interested in investing money for the future.
Example sentences:
“I’m keen on investing for the long term.”
“More young people are keen on investing these days.”
A sucker for
This means finding something hard to resist.
Example sentences:
“I’m a sucker for good skincare products.”
“I’m a sucker for cosy cafés.”
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