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Improve your English vocabulary and speaking with 6 Minute English! Do you worry about your standard of living when you retire? How much money do you need to live the life you desire? How much money is enough money? These questions got Neil and Rob thinking as they talk about financial planning and teach you money-related vocabulary.
You'll find transcript and vocabulary on our website: www.bbc.co.uk/learningenglish/...
𝐌𝐨𝐫𝐞 𝐞𝐩𝐢𝐬𝐨𝐝𝐞𝐬:
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𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲
𝐜𝐚𝐬𝐡𝐟𝐥𝐨𝐰 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭
a calculation of how much money you can expect to have at a particular time
𝐢𝐧𝐜𝐨𝐦𝐞
money coming in from, for example, your salary
𝐞𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞
money you have to pay out for your regular expenses such as rent, food, entertainment, transport, etc.
𝐚𝐬𝐬𝐞𝐭𝐬
the cash value of things that you own and your savings
𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬
the cash value of your debts, for example on credit cards or other loans
𝐭𝐨 𝐠𝐢𝐯𝐞 𝐬𝐨𝐦𝐞𝐨𝐧𝐞 𝐚 𝐡𝐚𝐧𝐝
to help someone
[Cover Image: Getty Images]
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