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B1At the Bank

Saving Money: How to 'Put Aside' Cash at the Bank

Phrasal Verb: put aside |Grammar: Present Perfect

Objective

Students will learn how to use the phrasal verb 'put aside' in the present perfect tense to talk about saving money regularly at the bank.

Article

Many people have put aside money regularly to save for their future. At the bank, customers have put aside small amounts every week or month to build a safety fund. Some have put aside money for special occasions like holidays or emergencies. Using a bank account makes it easier because people have put aside cash without carrying it around. Recently, more customers have put aside money using online banking. This method has helped them save more confidently. Banks have also put aside advice for clients who want to manage their savings better. Overall, many individuals have put aside money systematically and feel more secure about their finances.

Grammar Explanation

Meaning

'Put aside' means to save money or keep something for future use.

Grammar Note

The present perfect is formed with 'have/has' + past participle. It is used to describe actions that happened at an unspecified time before now and often relate to experiences or changes.

Usage Tips

  • Use 'have put aside' to talk about money saved up to now.
  • Remember to use 'has' for singular third person (he, she, it).
  • The exact time is not specified with the present perfect.

Examples

I have put aside £50 every month to save for a new laptop.

Talking about regular saving so far

She has put aside some money at the bank for emergencies.

Saving in case something unexpected happens

They have put aside enough cash to go on holiday next summer.

Saving for a future trip

We have put aside money online instead of using cash.

Using digital methods to save

He has put aside his savings in a special account at the bank.

Keeping money safely in a bank account

Dialogue

Context: A customer talks to a bank officer about saving money regularly.

A:
Hello, I have been thinking about how to put aside some money every month.
B:
That's a great idea. Have you opened a savings account yet?
A:
No, I haven’t. I have just put aside cash at home so far.
B:
Opening an account helps. Many customers have put aside money online, which is very convenient.
A:
I want to start putting aside money regularly through the bank.
B:
We can help you set up a direct debit to put aside money automatically each month.

Vocabulary

savings
Money that someone has saved, usually in a bank
Example: She has built her savings over many years.
Synonym: funds
account
A record of money kept at a bank
Example: He opened a new account last week.
Synonym: bank account
deposit
To put money into a bank account
Example: They deposited £200 into their savings account.
Synonym: put in
withdraw
To take money out of a bank account
Example: She withdrew some money from the ATM.
Synonym: take out
balance
The amount of money in a bank account
Example: Check your balance before you spend.
Synonym: amount
interest
Extra money paid by the bank on your savings
Example: The bank pays interest on your savings.
Synonym: earnings
budget
A plan for managing your money
Example: She follows a strict budget every month.
Synonym: plan
emergency
A sudden, unexpected situation that needs money
Example: It's good to have savings for emergencies.
Synonym: crisis
withdrawal
The act of taking money out of an account
Example: He made a withdrawal from his account yesterday.
Synonym: cash out
statement
A document from the bank showing your transactions
Example: I checked my bank statement online.
Synonym: report

Tips

  • Set a fixed day each month to put aside money for savings.
  • Use online banking to keep track of how much you have put aside.
  • Don’t confuse 'put aside' with 'spend'; the first means to save money.

Summary

In this lesson, you learned how to use the phrasal verb 'put aside' with the present perfect tense to talk about saving money. You also explored useful vocabulary and tips for managing your savings at the bank. Practising these will help you discuss your finances confidently.

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