English vocabulary: Money

Here are some ways to talk about money in English.

How much something is

expensive = costs a lot of money: "My new PC wasn't expensive."

cheap = doesn't cost a lot of money: "That meal was very cheap."

it's a bargain = it costs less than you thought: "This car is a real bargain!"

to afford = have the money for something:
"I can't afford a holiday this year."
"Can we afford a new car?"

How much does it cost? / How much do they cost?
(it = for singular or uncountable nouns; they = for plural nouns)

How much is it? / How much are they?

It costs … (£10)

It comes to … = what the total amount is: "It comes to £25."

The total (amount) is … (£25)

Other useful vocabulary

bill = the piece of paper with the amount to pay (in a restaurant this is also called "check" in American English)
"Can we have the bill please?"

invoice = the bill a company sends, with other financial and legal information: "Please send me your invoice for payment"

cost (noun and verb) = the amount you need to pay: "What's the cost of two first-class tickets?"

price = how much you pay to buy something: "House prices are very high at the moment."

The verb "to pay"

pay: "I need to pay the gas bill."

pay for: "Can you pay for the shopping this week? I don't have any money."
"How much did you pay for your TV?"

pay someone: "She pays her employees every week."

pay in cash = pay with notes and coins

pay by credit card: "Can I pay by credit card?"

pay by bank transfer: "Please pay for these services by bank transfer. Our account details are …"

pay online / on your phone = pay via a website or with mobile banking

Pronunciation tips

In British currency we have pounds and pence:
£3 = three pounds
50p = fifty pence

To give the full amount (where you have two parts, such as pounds and pence, dollars and cents, euros and cents, etc) follow this order:

the amount in dollars / pounds / euros
the currency name (ie dollars, pounds)
the amount in cents / pence

£5.30 = five pounds thirty
$10.50 = ten dollars fifty
€9.60 = nine euros sixty

You can also add "and" after the currency:
five pounds and thirty pence
ten dollars and fifty cents
nine euros and sixty cents

Be careful with word stress.
60 = sixty (with the stress on six)
16 = sixteen (with the stress on teen)

More money vocabulary

change = when you give a larger amount than the price, and get back the difference:
"Here's your change."

a note = paper money

a coin = metal money

a currency = the money in a country, such as pounds, euros, dollars, rupee, etc

to earn money = to get money from your job: "How much do you earn?"

to save money = to not spend all the money you get: "We save money every month."

to make money = have a business or activity that earns money: "He makes a lot of money from his company."

salary = what you get from your job every month (often by bank transfer)

wages = what you get from your job every week (often in cash)

pocket money = the money parents give their children to spend every week

pension = the money you get from the government when you stop working after the age of 65 (for example)

pensioner = the person who has a pension

Money exercise

Click the Start button below to begin the exercise. For each question, select the missing word from the choices. Then click the arrow on the right to go to the next question.
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