You save money when you keep it and do not use it. You spend money when you pay for things. When you start something, you do the first part of it.
Save, spend, start
Try it: Woman: The movie is at 8:00, and it's 8:10! Man: Oh no. It ___ ten minutes ago. Choose what the man says. (saved / started / spent) Answer: started — It is ten minutes after eight, so the movie started.
Word
Pronunciation
Example
save
I save $20 every month.
spend
I spent $50 today.
start
What time does it start?
A budget
A budget is a plan for how you spend your money. You can afford something when you have enough money for it.
Try it: Man: Look at this sofa. It's $3,000! Woman: We can't ___ that. Let's find a cheaper one. Choose what the woman says. (budget / afford / save) Answer: afford — It costs too much for them, so they can't afford it.
Word
Pronunciation
Example
budget
We need a budget.
afford
Can you afford a new phone?
Borrow and owe
You borrow money from a person or a bank, and later you give it back. Until you give it back, you owe them the money.
Try it: Man: Thanks for my lunch yesterday. How much do I ___ you? Woman: Twelve dollars. Choose what the man says. (borrow / spend / owe) Answer: owe — She paid for his lunch, so he owes her money.