Shopping & Money

20 words

1. 1

   pay upfrontverb phrase/peɪ ʌpˈfrʌnt/

   to pay before a service or product is provided

   “They asked customers to pay upfront for bespoke orders.”

2. 2

   shop for groceriesverb phrase/ʃɒp fɔː ˈgrəʊsəriːz/

   to buy food and household supplies

   “On Sundays I usually shop for groceries at the local market.”

3. 3

   in-store purchasenoun phrase/ɪnˈstɔː ˈpɜːtʃəs/

   a purchase made at a physical shop rather than online

   “In-store purchases are often eligible for immediate returns.”

4. 4

   file a complaintverb phrase/faɪl ə kəmˈpleɪnt/

   to submit an official complaint about a product or service

   “If the item is faulty you should file a complaint with the retailer.”

5. 5

   buy on creditverb phrase/baɪ ɒn ˈkrɛdɪt/

   to purchase something now and pay for it later using credit

   “Many households buy appliances on credit and pay them off over time.”

6. 6

   price competitionnoun phrase/praɪs kəmˈpɛtɪʃən/

   competition between firms that mainly focuses on lowering prices to attract customers

   “Price competition among supermarkets has driven down profit margins.”

7. 7

   make ends meetverb phrase/meɪk ɛndz miːt/

   to have just enough money to pay for your basic needs

   “After her hours were cut, she had to take a second job to make ends meet.”

8. 8

   living paycheck to paycheckadverbial phrase

   spending all or most of your income so that you have little or no savings between paydays

   “Many families are living paycheck to paycheck despite both parents working full time.”

9. 9

   consumer confidencenoun phrase/kənˈsjuːmə kənˈfɪdəns/

   the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation

   “A rise in consumer confidence usually boosts retail sales.”

10. 10

    brand loyaltynoun phrase/brænd ˈlɔɪəlti/

    the tendency of consumers to continue buying the same brand's products over time

    “Strong brand loyalty can insulate firms from short-term price competition.”

11. 11

    shopping habitsnoun phrase/ˈʃɒpɪŋ ˈhæbɪts/

    the usual ways in which people buy goods and services, including frequency, preferences and channels

    “Online options have changed shoppers' shopping habits significantly.”

12. 12

    price gougingnoun phrase/praɪs ˈɡaʊdʒɪŋ/

    the practice of raising prices to an unfair level, especially during emergencies or shortages

    “Authorities often ban price gouging during natural disasters to protect consumers.”

13. 13

    financial literacycollocation/fəˈnænʃəl ˈlɪtərəsi/

    The ability to understand and use various financial skills, such as budgeting, saving, and investing.

    “Improving financial literacy among young people can reduce levels of personal debt.”

14. 14

    disposable incomecollocation/dɪˈspəʊzəbəl ˈɪnkʌm/

    The money a person or household has available to spend or save after taxes and necessary deductions.

    “Households with higher disposable income often buy more luxury items.”

15. 15

    emergency fundnoun phrase/ɪˈmɜːdʒənsi fʌnd/

    money set aside to cover unexpected expenses or emergencies

    “Many advisers recommend an emergency fund that covers three months' worth of expenses.”

16. 16

    household expenditurecollocation/ˈhaʊshəʊld ɪkˈspendɪtʃə/

    The total amount of money a household spends on goods and services over a period of time.

    “Rising energy prices have increased household expenditure across the region.”

17. 17

    retail sectornoun phrase/ˈriːteɪl ˈsɛktə(r)/

    the industry involved in selling goods directly to consumers

    “The retail sector has been transformed by e-commerce in the past decade.”

18. 18

    seasonal discountcollocation/ˈsiːzənəl ˈdɪskaʊnt/

    A reduction in price offered for a limited time during a particular season or period.

    “Retailers often offer seasonal discounts to clear out last season's stock.”

19. 19

    price sensitivitycollocation/praɪs sɛnˈsɪtɪvɪti/

    The degree to which consumers alter their buying behaviour in response to changes in price.

    “Products with high price sensitivity see large drops in sales when prices rise.”

20. 20

    cashless societycollocation/ˈkæʃləs səˈsaɪəti/

    A society in which financial transactions are conducted through electronic means rather than using physical cash.

    “The rise of mobile payments is accelerating the transition to a cashless society.”