19 | Savings Goals

Today you will learn 5 new English words related to "Savings Goals"

Author

SEWT Team
September 08, 2025

There’s an advanced English lesson waiting for you

Setting a “savings goal” is an important topic for you, an ESL learner, because it helps you manage your money, plan for the future, and feel more financially secure in your everyday life. Whether you're saving for a vacation, an emergency fund, or a big purchase, being able to talk about money goals in English can help you communicate clearly with banks, employers, or even friends. Today’s vocabulary will help you stay on track and feel more confident when talking about finances. Let’s jump right in!

5 TERMS

  1. Budget (Noun): A plan for how you will spend and save your money.

  2. Deposit (Verb / Noun): To put money into a bank account; the money that is added.

  3. Interest (Noun): Extra money earned from keeping money in a savings account.

  4. Goal (Noun): Something you want to achieve in the future.

  5. Emergency fund (Noun): Money saved for unexpected expenses like medical bills or car repairs.

EXAMPLE SENTENCES

  1. Budget

    • I made a monthly budget to track my expenses.

    • Sticking to a budget helps me save more.

    • We adjusted our budget to include a savings category.

  2. Deposit

    • I deposit money into my savings account every Friday.

    • She made a deposit of $100 into her emergency fund.

    • You can deposit cash at the ATM or online.

  3. Interest 

    • My savings account earns interest every month.

    • The bank offers higher interest for long-term savings.

    • Over time, interest can help your money grow.

  4. Goal

    • My goal is to save $2,000 by the end of the year.

    • Having a clear goal keeps me motivated.

    • We set a new goal to buy a car next year.

  5. Emergency fund

    • Everyone should have an emergency fund just in case.

    • I started an emergency fund for sudden travel or repairs.

    • A small emergency fund can prevent stress during hard times.

EXAMPLE PARAGRAPH

To reach a savings goal, it's helpful to create a budget and make regular deposits into your account. Over time, your money may grow thanks to interest, especially if you keep it in a good savings account. It’s also a smart idea to build an emergency fund, so you’re prepared for anything unexpected while still staying focused on your main goal.