How to pronounce words and expressions related to money and finance with an American accent

in this video I would like to teach you how to correctly pronounce some words related to money and finance these are words that are very common but so often they are mispronounced first I will teach you how to correctly pronounce them and then I will teach you some common expressions related to these words and finally as usual we will say them in natural sounding sentences so that you can also work on other English sounds and rhythm intonation and linking the first word is debt did you know that the B is silent in the word debt so don't say depth we can say I'm in debt or I'm out of debt if I Opie pulmonic in debt and after I pay on my debt I am out of debt out of debt and we have another word that's an adjective that's related to debt and that's indebted repeat after me indebted in debt it has two meanings one meaning is to be in debt for example I am indebted to the bank that means I owe money but a more common meaning is when someone does you a big favor when they help you a lot you can say I am indebted to you you feel very thankful I'm deeply indebted to you for all your help for all that you've done for me that's a good word for you to know and to use the second word is interest there are two things about this word they make it difficult the first one is the first e is silent so we don't say interests we say interest only two syllables and the second thing is when the e is eliminated now the T and the R are next to each other and the T and they are together or pronounced true-true for example we don't say to rest we say trust travel try introduce a trash therefore the T and the R sound like this interest interest and the percentage that you pay when you borrow money is called the interest rate it's a compound noun so we stressed the first word interest rate and of course the word interested is also pronounced this way with the T and the are interested I'm interested in improving my English the next word is difficult for three reasons and the word is withdraw the first reason it's difficult is because we have the th and the D next to each other and we should pronounce both of those sounds so we have to go like this withdraw first move your tongue on your teeth and then for the D behind your teeth withdraw and the second reason this word is difficult is because of the aw in American English we need to open our mouth and say oo oo for example law raw pas saw therefore withdraw and the third reason this word is difficult is due to the dr the dr sound like this jura jura it's not the it's not good it's drew for example drive drink dream drop and in the middle of the word address and the city in Spain Madrid Madrid that's how we say it and one more word dehydrated when your body doesn't have enough water when you lose too much water you are dehydrated and you need to drink water let's say that word one more time withdraw withdraw and of course that means to take out money and the past tense is withdrew I withdrew money from the bank and where do you go to withdraw money sometimes you go to the bank but sometimes you go to a machine right what is that machine called that's the next word in American English that machine is called the ATM Sheen ATM and let's stress the last letter because when we have abbreviations the rule is we stress the last letter the most for example MBA UCLA FBI so we say ATM and ATM stands for automated teller machine automated teller machine and a teller is a person who works in the bank and this is an automated teller so ATM automated teller machine so we say I withdrew money from the ATM and what is the opposite of withdraw when you put money in the bank we stress the second syllable deposit the Oh sounds like ah deposit don't stress the first syllable don't say deposit its deposit and the past tense is deposited I deposited some money in the bank how do we say the next word do you know what it means let's say it first mortgage the T is silent listen again mortgage and we reduce the a we don't say more gauge we say mortgage what does that mean for example if you have an apartment and you pay every month you usually pay rent to the landlord to the owner if you are not the owner you pay rent but if you bought the apartment or you bought the house you pay a mortgage to the bank if you didn't pay all cash you have to pay monthly payments to the bank and that payment is called mortgage so the payments for an apartment or a house are either called rent or mortgage depending on if you're renting or if you own it and now let's say an expression mortgage interest rate many people are buying property because mortgage interest rates are low do you ever confuse these two words a lot of my students do you probably know the difference in the meaning but be careful when you're speaking quickly don't add the extra n to the first word one is o and one is own they're very different o is the money you need to pay back I owe you money I owe money to the bank own is something you possess something you have I own a car a common mistake that my students make they will say I own you five dollars instead of I owe you five dollars be careful about that and the past tense is owed versus owned he owed it versus he owned it and sometimes people use oh for other things for example I owe you a favor I'm very indebted to you I owe you a favor and we have an expression owing - and that means do - or because of I was late to the meeting owing to heavy traffic and our final word is budget budget the D is silent and make sure that you is pronounced like this uh it's not budget its budget and budget can be either a noun or a verb you can use these expressions that was so expensive it was over my budget or you can also say it was out of my budget it means the same thing it means I can't afford it I can't pay for it it costs too much money and the verb is to budget and that means to save money for something special that you want we are budgeting for our next vacation and the past tense is budgeted budgeted and there's an expression that I like that I think is really funny the first time I heard it I was laughing and that is when you have very expensive tastes and you like really expensive things but you don't make enough money for example you'd like to buy a Ferrari or some kind of expensive car but actually you can only afford a used Honda the expression is you have champagne taste on a beer budget I like that one champagne taste on a beer budget do you know some people like that okay now let's practice saying these words in natural sounding sentences listen to me and repeat number one I need to withdraw some cash from the ATM make sure you stress the m80 em and say them as one word let's say that again I need to withdraw some cash from the ATM number two I still owe $2,000 on my car loan and car loan is a compound noun so we stressed the word car car loan I still owe $2,000 on my car loan number three I owe you an apology make sure you connect the n with the a an apology and the first o is pronounced as aa I owe you an apology number four the bank owns our house until we pay off the mortgage and notice we didn't say our house we said our house our house and we're gonna say pay off and pay off means to pay completely to pay the whole amount listen again the bank owns our house until we pay off the mortgage number five I'm trying to get a lower interest rate on my mortgage and interest rate as a compound now so we stress interest I'm trying to get a lower interest rate on my mortgage number six I hope to get out of debt soon and you can either say get out of debt or if you want to speak more quickly you can say get out of debt I hope to get out of debt soon and number seven he likes that apartment but it's out of his budget and let's connect that an apartment and let's say that apartment he likes that apartment but it's out of his budget thanks for watching and keep practicing your English every day [Music] you