Personal Budgeting

noun a sum of money that is owed or due

adjective related to something that is owed or due

• The company is struggling to pay off its debt to creditors.
• I have a lot of debt from my student loans.
• I'm drowning in debt, dude.
• His kindness towards others is a debt that can never be fully repaid.

noun the cost required for something; the money spent on something

• The company is reviewing its expenses to identify areas for cost reduction.
• I can't go on that trip, it's too much of an expense right now.
• I can't hang out tonight, I'm low on funds and can't afford the expense.
• His constant negativity is an emotional expense that I can no longer afford.

verb to pay or spend money, especially when it is done reluctantly or with hesitation

• The company requires all employees to fork out a portion of their salary for health insurance.
• I had to fork out a lot of money for those concert tickets.
• I'm not going to fork out for that overpriced gadget.
• Sometimes we have to fork out our time and effort to achieve our goals.

noun a word (other than a pronoun) used to identify any of a class of people, places, or things

adjective a word naming an attribute of a noun, such as sweet, red, or technical

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

• The company's financial statements show that they are consistently in the red.
• My bank account is always in the red by the end of the month.
• I can't go out tonight, I'm in the red until payday.
• Her emotions were in the red after the argument with her friend.

noun money received, especially on a regular basis, for work or through investments

• The government requires individuals to report their annual income for tax purposes.
• I heard she makes a decent income working at the law firm.
• He's always hustling to increase his income.
• Education is an investment in yourself that can lead to a higher income in the future.

noun a phrase used to describe expenses that are paid for personally rather than by an organization or insurance

adjective describing something that is not covered by insurance or other means of payment

• Due to the unexpected medical expenses, I was left out of pocket.
• I had to pay for the repairs out of pocket since insurance wouldn't cover it.
• I can't believe I had to go out of pocket for that concert ticket.
• His reckless spending left him out of pocket and in financial trouble.

noun A written acknowledgment that something has been received

verb None

adjective None

adverb None

pronoun None

preposition None

conjunction None

interjection None

article None

• Please make sure to keep all your receipts for reimbursement purposes.
• Hey, don't forget to hang on to your receipts in case you need to return something.
• I always stash my receipts in a shoebox just in case I need them later.
• The success of the project can be seen in the positive feedback and glowing receipts from satisfied customers.

noun an instruction or directive that is consistently followed

• I have set up a standing order to automatically transfer funds to my savings account each month.
• I've arranged a standing order to send money to my mom every payday.
• I've got a standing order to move money into my rainy day fund.
• His dedication to volunteer work is like a standing order of kindness that never stops giving.

noun a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions

• The government imposes a tax on all income earned by its citizens.
• I hate tax season because I always end up owing money.
• I can't believe how much tax they took out of my paycheck!
• His criticism felt like a tax on my self-esteem.

adjective describing someone who is primarily focused on money and material possessions

• The new CEO is often criticized for being too money-minded and not taking into account the long-term impact of his decisions.
• My aunt is so money-minded that she never misses a chance to save a few bucks, even if it means compromising on quality.
• I don't trust that money-minded guy, he always seems to have an agenda when it comes to finances.
• Being money-minded is like wearing blinders that only allow you to see the dollar signs and not the bigger picture.