Personal Finance Glossary

noun a book of blank checks that are used for making payments from a bank account

• I always keep my checkbook balanced to ensure accurate financial records.
• Don't forget to grab your checkbook before we head to the store.
• I never use my checkbook anymore, everything is digital now.
• Her generosity is like a blank checkbook, always ready to help others in need.

noun assets or money that someone has saved for a long time

• She invested her life savings in a diversified portfolio to ensure financial security in the future.
• He blew his life savings on a fancy new car instead of saving it for a rainy day.
• I can't believe she gambled away her life savings at the casino last night.
• Losing his job felt like losing his life savings, as if all his hard work had gone to waste.

noun the value of all assets, including cash and investments, minus all liabilities or debts

• His net worth is estimated to be in the millions.
• I heard his net worth is through the roof!
• She's got a crazy net worth, like ballin' status.
• Her net worth in terms of friendships is immeasurable.

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.