Financial Literacy Vocabulary

adjective Adequate is an adjective that describes something as being enough or sufficient for a particular purpose.

• It is important to ensure that all employees receive adequate training before starting their new roles.
• Make sure you have adequate supplies before we head out on our camping trip.
• I need to get an adequate amount of sleep tonight so I can function properly tomorrow.
• The team's performance was adequate, but we need to strive for excellence in the next competition.

adjective having or showing an ability to accurately assess situations or people and turn this to one's advantage

• The astute businessman was able to predict market trends with remarkable accuracy.
• She's so astute, she can always tell when someone is lying.
• That dude is seriously astute when it comes to picking winning stocks.
• Her astute observations cut through the noise and revealed the truth hidden beneath the surface.

noun a negative mark or stain on one's reputation or record

• Receiving a black mark on your record can have serious consequences for your future employment prospects.
• Getting caught cheating on the exam will definitely give you a black mark with the professor.
• If you bail on me last minute, that's gonna be a black mark against your name.
• The scandal was a black mark on the company's reputation that took years to recover from.

adjective showing a lack of attention or consideration; not taking care or caution

• The careless handling of sensitive information can lead to serious consequences.
• She's so careless with her belongings, always losing things.
• Don't be so careless with your money, you'll end up broke.
• His careless attitude towards his health is like playing with fire.

noun a record of money deposited or withdrawn from a checking account

• I opened a checking account at the bank to manage my finances.
• I set up a checking account so I can easily pay my bills online.
• I got a checking account to stash my cash.
• Having a checking account is like having a financial safety net.

noun harm or damage

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The new policy may be to the detriment of small businesses.
• Eating junk food every day is to your detriment.
• Skipping class is detrimental to your grades.
• Holding onto grudges is like carrying a heavy weight to your own detriment.

verb to improve or enhance the quality or value of something

• Reading books can help enrich your vocabulary and knowledge.
• Adding some herbs and spices can really enrich the flavor of this dish.
• Watching documentaries can really enrich your mind, man.
• Traveling to different countries can enrich your soul with new experiences and perspectives.

adjective describing the state of being unencumbered or unrestricted

conjunction used to join two words or phrases together

• After paying off the mortgage, the homeowner finally owned the property free and clear.
• I finished all my assignments so now I'm free and clear to enjoy the weekend.
• Once I broke up with my toxic ex, I felt free and clear of all the drama.
• With a clear conscience, he walked away from the situation free and clear.

noun items or things that are needed or essential; necessities

• It is important to pack all the necessaries for the business trip.
• Don't forget to grab the necessaries before we leave.
• I always make sure to have my necessaries with me at all times.
• Education is the key that unlocks the door to all other necessaries in life.

noun a person, place, thing, or idea

adjective a word that describes or modifies a noun or pronoun

preposition a word that shows the relationship between a noun or pronoun and other words in a sentence

• The top shelf in the library was out of reach for the children.
• I can't grab that book on the top shelf, it's out of reach.
• I really want that new phone, but it's out of reach for me right now.
• Success may seem out of reach at times, but with hard work, it can be achieved.

noun a rate, number, or amount in each hundred

adjective relating to or denoting a proportion per hundred

• The percentage of students who passed the exam increased this year.
• What percentage of people actually believe that?
• The percentage of people who showed up to the party was off the charts.
• The percentage of happiness in her life seemed to decrease with each passing day.

noun a small container, typically in the shape of a pig, used for saving coins

• I have been saving my spare change in a piggy bank for the past year.
• I found a cute piggy bank at the store and decided to start saving my coins in it.
• I'm gonna smash open my piggy bank to see how much money I have saved up.
• She broke her piggy bank of emotions and finally let out all her pent-up feelings.

adjective showing care and thought for the future; wise; sensible

• It is prudent to carefully consider all options before making a decision.
• It's probably a good idea to think things through before you decide.
• You'd be smart to think it over before jumping in.
• Being prudent is like looking both ways before crossing the street.

noun the act of keeping money in a bank account or an amount of money that you keep in this way

verb the act of keeping money in a bank account or an amount of money that you keep in this way

adjective economical or thrifty in the use of money or resources

• The act of saving money is essential for financial stability.
• I'm saving up for a new car so I can finally get rid of my old one.
• I've been stashing cash away in my piggy bank for a rainy day.
• She's been saving her energy for the big race next week.

noun a sum of money saved or kept aside for a particular purpose

• It is important to start building your savings early in order to secure your financial future.
• I'm trying to cut back on expenses so I can boost my savings.
• I'm stashing away some cash for a rainy day.
• Investing in your education is a great way to grow your savings in the long run.

noun a number that expresses achievement, especially in a game or competition

verb to achieve a goal or point in a game or competition

• The final score of the game was 3-1 in favor of the home team.
• Did you see the score of the match last night? It was amazing!
• I can't believe I scored tickets to the concert tonight!
• She really knows how to score points with her boss by always meeting deadlines.

verb to be very careful with money and spend it only when necessary

• The company implemented a new policy of scrimping on office supplies to cut costs.
• I've been scrimping on eating out so I can save up for a vacation.
• My parents are always scrimping and saving for a rainy day.
• She was scrimping on sleep to finish her project on time.

adjective having, using, or showing good sense or sound judgment

• It is sensible to consider all the options before making a decision.
• I think it would be sensible to bring an umbrella, just in case it rains.
• Dude, it's just not sensible to skip class like that.
• In life, it's always sensible to listen to your heart and follow your dreams.

adjective showing caution or restraint; not using or giving freely

adverb in a way that shows caution or restraint; without wastefulness

• The government is sparing no effort in ensuring the safety of its citizens.
• She is known for sparing no expense when it comes to her wardrobe.
• I'm sparing no time in getting this project done.
• His sparing use of words made his speech all the more impactful.

verb to waste (something, especially money or time) in a reckless or foolish manner

• The company cannot afford to squander its resources on unnecessary expenses.
• Don't squander your money on things you don't really need.
• Stop squandering your time on that useless project.
• She squandered her opportunities by not taking advantage of them.

noun a fair and honest way of doing business or behaving

adjective honest and fair in dealings with others

• The company prides itself on its reputation for square dealing in all business transactions.
• I appreciate your square dealing in splitting the bill evenly with me.
• I can always count on Jake for some square dealing when it comes to trading cards.
• In the game of life, it's important to practice square dealing with others to maintain trust and integrity.

noun the quality of using money and other resources carefully and not wastefully

• She learned the value of thrift at a young age, always saving her money for a rainy day.
• My grandma is the queen of thrift shopping, always finding the best deals on clothes.
• I'm all about that thrift life - finding treasures at the thrift store is my favorite hobby.
• In literature, the character's thriftiness symbolized their resourcefulness and ability to make do with limited resources.

noun means or resources for accomplishing a purpose

• With the necessary wherewithal, the company was able to expand its operations globally.
• I don't have the wherewithal to buy a new car right now.
• She didn't have the wherewithal to handle the pressure of the job.
• He lacked the emotional wherewithal to confront his past trauma.

adjective having or showing experience, knowledge, and good judgment

preposition indicating that someone is aware of or informed about something

• It is wise to carefully consider all options before making a decision.
• You'd be wise to listen to her advice, she knows what she's talking about.
• It's wise to keep your cool in that situation.
• In life, it's wise to choose your battles wisely.

noun a word that represents a person, place, thing, or idea

verb a word used to describe an action, state, or occurrence

adverb a word or phrase that modifies or qualifies an adjective, verb, or other adverb

pronoun a word that can function by itself as a noun phrase and that refers either to the participants in the discourse (e.g., I, you) or to someone or something mentioned elsewhere in the discourse (e.g., she, it)

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

article a particular item or object, typically one of a specified type

• After a long day at work, coming home to a quiet house with a good book, that’s all I need.
• A hot cup of coffee and some good music playing, that’s all I need to relax.
• Just give me some Netflix and chill time, that’s all I need right now.
• A shoulder to lean on and a listening ear, that’s all I need to feel better.

verb to have enough money or resources to be able to pay for something

• The new tax breaks afforded many businesses the opportunity to invest in expansion.
• I can't afford to go on vacation this year, I need to save money.
• I can't afford to splurge on a new phone right now, I'm broke.
• The sacrifices she made afforded her the chance to pursue her dream career.