Introduction Do you worry about your standard of living when you retire? How much money do you need to live the life you desire? How much money is enough money? These questions got Neil and Rob thinking as they talk about financial planning and teach you money-related vocabulary. This week's questionWhen was the word millionaire first used in English? Was it: a) 1600s b) 1700s c) 1800s The answer is at the end of the programme. Vocabularycashflow forecast
a calculation of how much money you can expect to have at a particular time income
money coming in from, for example, your salary expenditure
money you have to pay out for your regular expenses such as rent, food, entertainment, transport, etc. assets
the cash value of things that you own and your savings liabilities
the cash value of your debts, for example on credit cards or other loans to give someone a hand
to help someone Transcript Note: This is not a word for word transcript
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