Money Exercise and Flashcards - Get ready for IELTS (3.5

Money Flashcards - Vocabulary Practice for IELTS

These exercises focus on Money Vocabulary

List of Money Words for the IELTS

Word/Phrase	Definition	Example
Do Grocery Shopping	To buy food and household essentials.	I usually do grocery shopping every Saturday.
Department Store	A large store selling a variety of goods.	She bought her clothes from a popular department store.
Make a Shopping List	To write down items you need to buy.	It’s a good idea to make a shopping list to avoid overspending.
Save Money	To set aside money for future use.	He decided to save money by cooking at home.
Boutique	A small shop selling fashionable items.	The boutique specializes in handmade jewelry.
Misunderstand	To fail to understand correctly.	I misunderstood the price of the item and overpaid.
Shopping Mall	A large indoor complex with many shops.	They spent the afternoon browsing the shopping mall.
Spend Money On	To use money to buy something.	She loves to spend money on travel and experiences.
Go Shopping	To visit stores to buy items.	We’re planning to go shopping this weekend.
Market Stall	A small outdoor booth for selling goods.	Fresh vegetables were sold at the market stall.
Mature Adult	A fully developed person.	A mature adult is expected to manage finances responsibly.
Household Goods	Items used in the home, such as furniture or appliances.	The store sells a variety of household goods.
Natural Pace	A speed or rhythm that feels comfortable.	Managing money at a natural pace helps avoid stress.
Make Notes	To jot down important information.	He always makes notes during financial planning meetings.
Manage Money	To handle finances effectively.	Learning to manage money is a valuable life skill.
Citizen	A legally recognized member of a country.	Every citizen has a role in supporting the economy.
Wealthy	Having a lot of money or assets.	The wealthy businessman donated generously to charity.
In My View	A phrase used to express personal opinion.	In my view, saving money is more important than spending it.
Positive Attitude to Life	A hopeful and optimistic approach to living.	A positive attitude to life helps in achieving financial goals.
Possession	Something owned or held by someone.	His most valuable possession is his family home.
Bring Up Children	To raise and care for kids.	It can be expensive to bring up children in a big city.
Approach	A way of dealing with something.	His approach to saving money involves setting monthly goals.
Quote	To provide a fixed price for goods or services.	The builder gave us a quote for the renovation.
Leading Share Price Indices	Major stock market indicators.	The leading share price indices showed significant growth this month.
Long-Term	Over an extended period of time.	Investing in property is a good long-term financial strategy.
Originate	To begin or come from a specific source.	Many financial problems originate from poor money management.
Medium-Sized Enterprises	Companies with moderate levels of revenue and employees.	Medium-sized enterprises play a crucial role in economic growth.
Engine of Economic Development	A key driver of growth and progress in the economy.	Small businesses are the engine of economic development in many countries.
Sole Trader	A person who owns and runs a business alone.	She operates as a sole trader in the retail industry.
Partnership	A business owned by two or more people.	The company was formed as a partnership between two friends.
Contribute	To give or add to something.	His innovation contributed to the company’s success.
Thrive	To grow or develop successfully.	Small businesses can thrive with proper support and funding.
Innovative	Introducing new ideas or methods.	Their innovative product attracted a lot of attention.
Accommodate	To provide space or meet needs.	The new office can accommodate up to 50 employees.
Passion For	A strong interest or enthusiasm for something.	She has a passion for starting her own business.
Sufficient To	Enough to meet a need or purpose.	The funds were sufficient to cover all expenses.
Entrepreneur	A person who starts and manages a business.	The young entrepreneur launched a successful tech startup.
Appreciate	To recognize the value of something.	Investors appreciate the company’s potential for growth.
Viable	Capable of working successfully.	The business plan is financially viable.
Services Meet Customer Needs	Services that satisfy the requirements of customers.	Their aim is to ensure that services meet customer needs.
Analyze Competitors’ Products	To study rivals’ goods to gain insights.	Businesses must analyze competitors’ products to stay ahead.
Set Clear Business Aims and Objectives	To define specific goals for a company.	It’s important to set clear business aims and objectives.
Ownership	The state of possessing something.	He takes pride in the ownership of his first car.
Set Up a Business	To start a new company.	She plans to set up a business in the fashion industry.
Run a Business	To manage a company’s operations.	He has been running a business successfully for over a decade.
External Help	Assistance from outside sources.	The company sought external help to improve its marketing strategy.
Overwork	To work too much or too hard.	Overwork can lead to stress and burnout.
Evaluate	To assess or determine the value of something.	They need to evaluate the success of their marketing campaign.
Anxious	Feeling worried or uneasy.	He felt anxious about his financial situation.
Ensure	To make sure something happens.	The company must ensure customer satisfaction.
Undertake	To commit to doing something.	They plan to undertake a major project next year.
Foster	To encourage or promote growth or development.	The company aims to foster innovation in its team.
Guidance	Advice or information aimed at resolving a problem.	He sought guidance from a financial advisor.

Usage in IELTS Exam Formats

Reading Section

Words like entrepreneur, financial rewards, and evaluate may appear in texts discussing business success or economic policies.

Listening Section

Terms like analyze competitors’ products, run a business, and overwork could be heard in discussions about work-life balance or career goals.

Writing Section

Use phrases like manage money, innovative, set clear business aims and objectives, and viable to discuss financial planning or business topics in Task 2 essays.

Example: “Setting clear business aims and objectives is essential for long-term success.”

Speaking Section

Employ terms like save money, shopping mall, wealthy, and contribute when discussing spending habits, financial goals, or economic development.

Example: “In my view, saving money is essential for achieving financial stability.”

Common Mistakes

Confusing "Save Money" with "Spend Money On":

Mistake: "I try to save money on new clothes every month."
Correction: "I try to spend money on new clothes every month."

Using "Entrepreneur" Instead of "Sole Trader":

Mistake: "She’s a sole trader with many employees."
Correction: "She’s an entrepreneur running her own business."

Misusing "Contribute" Without Context:

Mistake: "I contribute to the event."
Correction: "I contribute by organizing the event."

Overusing "Foster" in Personal Contexts:

Mistake: "I foster my homework regularly."
Correction: "I complete my homework regularly."

Mixing Up "Evaluate" and "Analyze":

Mistake: "We need to evaluate our competitor’s products."
Correction: "We need to analyze our competitor’s products."

FAQ

What is the difference between "entrepreneur" and "sole trader"?

An entrepreneur refers to someone starting a business, while a sole trader specifically owns and runs the business alone.

How can I use "set up a business" in IELTS Speaking?

You can describe plans or ambitions, e.g., “I’d like to set up a business in the tech industry one day.”

What’s the importance of "financial rewards" in IELTS Writing?

It helps discuss job benefits, e.g., “Financial rewards motivate employees to perform better.”

How do I use "save money" and "spend money on" in context?

Save money: “I save money by avoiding unnecessary purchases.”
Spend money on: “I spend money on experiences rather than material things.”

What does "analyze competitors’ products" mean in business discussions?

It means studying rival products to understand market trends or improve one’s own offerings.