Summary of REAL ENGLISH: Money vocabulary & expressions

Summary of "REAL ENGLISH: Money vocabulary & expressions"

In this lesson, Alex discusses various vocabulary and expressions related to money, Wealth, and Spending habits. The video is structured into several key sections, each focusing on different aspects of financial language.

Main Ideas and Concepts:

Talking About Wealth:
- Broke: Indicates having no money at all (e.g., "I'm broke").
- Living Check to Check: Describes a situation where a person can only afford basic necessities and has no savings (e.g., "I'm living paycheck to paycheck").
- Rich: Refers to someone with a lot of money (e.g., "He is loaded").
- Well-off: Describes someone financially secure who does not struggle with money.
Spending habits:
- Cheap: A negative term for someone who does not like to spend money (e.g., "He's cheap if he always forgets his wallet").
- Frugal: A more positive term for someone who is careful with money but not necessarily stingy.
- Penny Pincher: A negative term for someone who is excessively frugal.
- T-Rex Arms: A humorous expression to describe someone who is too stingy to reach for their wallet.
Dining out vocabulary:
- Splitting the Bill: Dividing the cost of a meal among friends.
- Covering Someone: Paying for someone else (e.g., "I’ll cover you").
- Getting It: Another way to say you will pay (e.g., "I'll get it").
- It's on Me/My Treat: Informal ways to indicate that you will pay for someone else.
Bank vocabulary:
- Withdrawal: Taking money out of a bank account (e.g., "I need to make a withdrawal").
- Deposit: Putting money into a bank account (e.g., "I need to make a deposit").
Currency Vocabulary:
- Bucks: Slang for dollars (e.g., "10 bucks" means $10).
- Grand: Slang for $1,000 (e.g., "30 grand" means $30,000).
- Coins:
  - Quarter (25 cents)
  - Dime (10 cents)
  - Nickel (5 cents)
  - Penny (1 cent)
- Canadian Coins:
  - Loonie (CAD $1)
  - Toonie (CAD $2)

Methodology/Instructions:

Repeat after the speaker to practice pronunciation and understanding of the terms.
Use the vocabulary in context to improve conversational skills related to money.

Speakers/Sources Featured:

Alex: The main instructor in the video who presents the lesson on Money vocabulary and expressions.

Notable Quotes

— 04:30 — « Now, 'cheap' has a negative connotation. If you want to talk about someone who is financially responsible and, you know, being cheap in a positive way, you can use the word 'frugal'. »

— 06:24 — « I think my favorite expression that I've ever heard to talk about a cheap person, I had a student from Mexico, and he said, 'Oh, yeah, we say that you have T-Rex arms', right? So, your arms can't reach your wallet, like a Tyrannosaurus rex. »

— 08:30 — « So, if you cover someone, this means you will pay for them. »

— 09:44 — « Or just, 'Don't worry, my treat. I will pay. It's my gift to you. My present to you. My treat. You don't have to pay. I am inviting you, and I will pay.' »