G.E B2 Series 2 Budgeting Bonanza – listening-lingua prt 3

Segment 3

Your Budgeting Odyssey 

Vocabulary check

01

Entails

Definition: Involves or includes as a necessary part. 

Example: Budgeting entails careful planning and allocation of funds to meet financial goals. 

02

Aspirations

Definition: Strong desires or goals that one hopes to achieve. 

Example: Her aspirations include starting her own business and traveling the world.

03

Harness the power

Definition: Utilize or control the potential or influence of something. 

Example: By learning to manage investments, you can harness the power of compound interest. 

04

Discerning between

Definition: Differentiating or distinguishing one thing from another. 

ExampleDiscerning between genuine opportunities and scams is crucial in the investment world. 

05

Pivotal skill

Definition: A crucial and essential ability. 

Example: Effective communication is a pivotal skill for building strong relationships. 

06

Budgeting odyssey

Definition: A journey or adventure related to budgeting. 

Example: Navigating through financial challenges is part of the budgeting odyssey. 

07

Allocate resources judiciously

Definition: Distribute resources wisely and with careful consideration. 

Example: The company’s management team aims to allocate resources judiciously to optimize profitability. 

08

Embark

Definition: Begin or start a journey or venture.  

Example: As they embark on their entrepreneurial journey, they face various challenges. 

09

Infuse

Definition: Inject or introduce something into a situation to enhance or enrich it. 

Example: Art and creativity can infuse a sense of inspiration into everyday life. 

10

50/30/20 rule

Definition: A budgeting guideline where 50% of income is allocated to needs, 30% to wants, and 20% to savings and debt repayment. 

Example: Following the 50/30/20 rule helps individuals achieve a balanced financial lifestyle.