Word: Finances
Definition:
"Finances" is a noun that refers to the management of money, including how much money someone has, how they spend it, and how they save it. It can also refer to a person's, a company's, or a government's money and the systems they use to manage it.
Usage Instructions:
You can use the word "finances" to talk about how money is being handled. It is commonly used in both personal and business contexts.
Example Sentence:
- "She is studying to become a financial advisor so she can help people manage their finances better."
Advanced Usage:
In more complex discussions, "finances" can refer to financial planning, budgeting, investments, and economic strategies. It is often used in business and economics.
Word Variants:
- Financial (adjective): relating to money or finance (e.g., "financial advice") - Finance (verb): to provide money for a project (e.g., "The bank will finance the new building.")
Different Meanings:
While "finances" usually refers to money management, it can also refer to the financial status of someone or something. For example, "His finances are in good shape" means he has a stable amount of money.
Synonyms:
- Money - Funds - Capital - Resources
Idioms:
- "In the black": This means that someone or a business is making a profit or has more money than expenses.
Example: "After reviewing the quarterly report, we are pleased to see that we are in the black."
Phrasal Verbs:
- "Cut back on": This means to reduce spending.
Example: "We need to cut back on our finances to save for a vacation."