Key Difference: If you want to know the contradictions of the words “Money” and “Income”, then you are in the right place. Today we will show you that with the proper explanations, and when/where/how to use these terms while talking in English. Many people use these words interchangeably and that is not correct. Income is an earning amount of our work. Whereas, money is a coin or banknote that we can have in our hand to buy something. Let’s see the difference between them.
Money: Please give me some money, I want to buy clothes.
Income: What is your monthly income?
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Money:
A coin or a banknote.
Money is a medium for exchanging things. It can be a coin or a banknote. We all need money to buy something. Let’s see an example to make it clear for you. We are saving money to start a new business. From this statement, we might understand that some people save money to start their own new businesses. Here we come up with another example for your reference. Riya won the prize money.
How Do We Spell the Word Money?
The phonetics pronunciation of the word Money is ˈmʌni. And this word sounds like the following audio.
Enunciation:
Syllabification refers to the process of division of words into smaller parts. It is commonly known as syllables. With its help, you can easily read and spell the word accurately. Here, you will see how to split the word “Money” by syllables.
- The word “Money” has two syllables.
- It can be divided into “Mo-ney.”
Using “Money” in sentences:
- She has a lot of money.
- I asked Enid to lend me some money.
- A boy stole money from the shop.
- He gives me money.
- Everyone works hard to earn more money.
Income:
Wages
As we said earlier, Income is nothing but a salary that we can earn per month or year because of doing the work or job. Let’s see an example to make it clear for you. They run their family with a fixed income. From this statement, we might understand that someone runs his or her family with his earnings. Here we come up with another example for your reference. This temple makes a good income from tourist people.
How Do We Spell the Word Income?
Phonetics pronunciation of the word Income is ˈɪnkʌm. And this word sounds like the following audio.
Enunciation:
Syllables are phonological building blocks of words. It divides the words into parts that can help you read words more accurately. Let’s see how to split the word How using syllables. Learning syllables can also help you to spell words correctly.
- The word “Income” has two syllables.
- It can be divided into “In-come.”
Using “Income” in sentences:
- I am satisfied with my current income.
- Her annual income is over $170,000.
- She loves to spend most of her income on clothes.
- We can gain more income from this business.
- Everyone wants to get a high-income job.
Compare: Money Vs Income
This table will show the contradiction between the words’ Money and Income.
| Money | Income | |
|---|---|---|
| Definition | It is a coin or a banknote that helps to buy something. | The total money we can earn from our work. |
| Synonyms | Hard cash, coins, funds | Earning, salary, gain, turnover, yield |
| Antonyms | Poverty | Expenditure, outgoings |
| Etymology | Middle English: from Old French moneie, from Latin moneta ‘mint, money’, originally a title of the goddess Juno, in whose temple in Rome money was minted. | Middle English (in the sense ‘entrance, arrival’, now only Scots): in early use from Old Norse innkoma, later from in + come. The current sense dates from the late 16th century. |
| Examples | I need to pay the money at this counter. Can you have money for that? He earns a lot of money from his new business. She invested her money in the stock market. We need to exchange money. | What is your annual income? He has a steady income from multiple properties. We need to live on a fixed income. I need to pay income tax this year. It is difficult to live on a fixed income. |
Resources and References:
Resources: Cambridge Dictionary (Money, Income), Merriam-Webster (Money, Income), Collins Dictionary (Money, Income), Dictionary.com (Money, Income)
Reference: Dictionary.Cambridge.org[1], Merriam-Webster.com[2], CollinsDictionary.com[3], Dictionary.com[4].