Personal Finance Terminology

noun personal items or possessions that someone owns

• Please make sure to keep track of your belongings while traveling.
• Don't forget your belongings when we leave the party.
• I always double-check my belongings before heading out.
• Her memories are her most precious belongings.

noun a form of risk-taking involving the betting of money or valuables on an uncertain outcome

preposition a word that shows the relationship between a noun or pronoun and other words in a sentence, in this case indicating the action of betting on something uncertain

• Investors should not gamble on high-risk stocks without thorough research.
• Don't gamble on that new restaurant without reading reviews first.
• I wouldn't gamble on that team winning the championship this year.
• Sometimes you have to gamble on yourself and take risks to achieve success.

noun a personal item or possession

adjective relating to a particular person's private life, relationships, and emotions

• It is important to set boundaries in order to protect your personal space.
• I don't like it when people invade my personal bubble.
• I keep all my personal stuff in a locked drawer.
• She kept her personal demons hidden from the world.

verb to be thrifty or frugal, to save or economize

• In order to save money, it is important to scrimp on unnecessary expenses.
• I'm trying to scrimp on eating out so I can save up for a vacation.
• I need to scrimp on my shopping this month to afford concert tickets.
• She had to scrimp and save in order to achieve her dream of starting her own business.

noun a person who spends money in an extravagant, irresponsible way

adjective extravagant or wasteful in spending

• The spendthrift young man quickly depleted his inheritance on luxury items.
• She's such a spendthrift, always buying things she doesn't need.
• My friend is a total spendthrift, always blowing his money on useless stuff.
• Being a spendthrift with your time can be just as detrimental as being one with your money.

noun a written record of one's personal finances, typically detailing income, expenses, and savings

• She diligently kept track of her expenses in her money diary to ensure she was staying within budget.
• I started a money diary to see where all my cash was going, turns out I spend way too much on coffee.
• I'm broke this month, I need to start a money diary to figure out where all my money is disappearing to.
• Her money diary was like a window into her spending habits, revealing patterns and areas where she could cut back.

noun Rate refers to the amount of one currency or commodity exchanged for another.

• The financial advisor warned against being a rate tart and advised diversifying investments.
• She's known as a bit of a rate tart, always chasing the best deals on savings accounts.
• Don't be such a rate tart, just pick a credit card and stick with it.
• In the world of travel hacking, being a rate tart can help you score free flights and hotel stays.

noun a colloquial term used to describe the process of behaving in a mature and responsible manner typically associated with adults

• Many young adults struggle with the responsibilities of adulting, such as paying bills and managing finances.
• I'm so tired of adulting today, can we just order takeout for dinner?
• Adulting is hard AF, I wish I could just stay in bed all day.
• Learning to navigate the complexities of adulting is like trying to solve a never-ending puzzle.

noun a word that functions as the head of a noun phrase and refers to an entity, person, place, event, substance, or quality

• Many young adults rely on financial support from the bank of mum and dad to purchase their first home.
• I had to borrow some money from the bank of mum and dad to pay for my car repairs.
• I'm broke again, looks like it's time to hit up the bank of mum and dad.
• In times of need, the bank of mum and dad always comes through with emotional support.

noun a slang term for a method of borrowing money at a low interest rate and investing it at a higher rate to make a profit

• Some individuals engage in stoozing as a way to make money from credit card rewards.
• I heard that stoozing can be a clever way to earn extra cash without much effort.
• Hey, have you tried stoozing to get some free money from credit cards?
• The art of stoozing involves strategically leveraging financial tools to maximize returns.