English Phrases about Money

This lesson will provide you with some of the most useful phrases to use when talking about money.

First, as a quick test for yourself, choose the correct prepositions below

1. If you buy real estate as an investment, you are investing money for/in/to real estate.

2. If you buy fast food, you are spending (or wasting) money on/for/to fast food.

3. If you are saving money so that you can travel, you are putting aside money to/for/on a trip.

4. If you get a loan from the bank, you owe money for/to/from the bank

5. If you get a loan from the bank, you borrow money for/to/from the bank.

6. If you get a loan from the bank, the bank lends money for/to/from you.

7. If the company Apple sells an iPhone and you buy it, you buy it for/to/from Apple.

8. If the company Apple sells an iPhone and you buy it, Apple sold it for/to/from you.

9. If you eat dinner with friends at a restaurant and take the total bill, you pay for/to/on everyone.

10. If you have borrowed money that you have to pay back, you are in/on/at debt.

11. If you have debt and you want to reduce the debt so that it is less, you pay down/for/off the debt.

12. If you have debt and you want to pay all of the debt to $0, you pay down/for/off the debt.

13. If you manage your budget responsibly, you stay off/over/within budget.

14. If you do not manage your budget responsibly and spend too much money, you go off/over/within budget.

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Answers:

1. Invest (money) in (something)

2. Spend/Waste money on (something)

3. Put aside money for (something)

4. Owe money to (someone)

5. Borrow money from (someone)

6. Lend money to (someone)

7. Buy something from (someone)

8. Sell something to (someone)

9. Pay for (something)

10. Be in debt

11. Pay down debt (= reduce the debt)

12. Pay off debt (= make the debt $0)

13. Stay within budget

14. Go over budget

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Practice

Try again and focus on the prepositions that you got wrong on the previous exercise. Try to fix those mistakes and use the correct preposition from the options provided.

From / Within / On / To / For

1. I owe $50 ____ my brother.

2. I spent $700 ____ a new guitar.

3. My company paid ____ the trip because it was business-related.

4. I bought a used car ____ my friend.

5. It's difficult to stay _____ budget while traveling.

For / Over / Down / Off / To / In

1. I invested $1,000 ____ the stock market.

2. I'm putting aside money _____ my son's college tuition.

3. My parents lent money _____ me so that I could buy a house.

4. I never go _____ budget. I'm very careful with money.

5. I want to pay ____ my credit card debt. It's too high.

6. I want to pay ____ my student loan debt so that it's gone.

Answers

Try again and focus on the prepositions that you got wrong on the previous exercise. Try to fix those mistakes and use the correct preposition from the options provided.

From / Within / On / To / For

1. I owe $50 to my brother.

2. I spent $700 on a new guitar.

3. My company paid for the trip because it was business-related.

4. I bought a used car from my friend.

5. It's difficult to stay within budget while traveling.

For / Over / Down / To / In

1. I invested $1,000 in the stock market.

2. I'm putting aside money for my son's college tuition.

3. My parents lent money to me so that I could buy a house.

4. I never go over budget. I'm very careful with money.

5. I want to pay down my credit card debt. It's too high.

6. I want to pay off my student debt so that it's gone.