Using the right words can save you a lot of money.
Words are important, especially when money is involved. The difference between loaning someone a few dollars and giving them a few dollars changes a lot. The more money involved, the more important it is to use the correct words. When you sign a contract for a job, there are a lot of important words in there that affect how you get paid, when you get paid, and how much you get paid.
Keep reading to learn more about why words matter and how to make sure you’re using the right ones!
What do words mean?
Language is a strange thing. Words are essentially an agreed-upon pattern of sounds and shapes. What you’re reading right now is simply made up; none of these words have to mean what they do. If we don’t agree, then we are all speaking our own languages and no one can communicate effectively.
It’s important to choose your words carefully and make sure each person agrees on the meaning of those words. For example, the difference between the words give and borrow when a friend asks you for a dollar.
The action is the same: you hand your friend a dollar. But the intention might be different. Asking to be given something implies that it’s not to be expected back. Borrowing implies that the dollar will be returned at some point.
It’s not just words
Grammar is also important. A dairy in Maine had to pay out $5 million because they didn’t have a comma in the right place. While this case might be extreme, improper grammar can change the meaning of a sentence. For example, “Let’s eat, Grandma” and “Let’s eat Grandma” mean totally different things. The first one is inviting Grandma to eat, the second is suggesting that Grandma be the meal. Yikes!
As you get older and start to borrow money for a car or school, reading the contract and understanding what is in it is beneficial. A lot of it might sound long-winded and overly complicated, but that’s because the lawyers that wrote the contract spent a long time in school learning the exact words to pick.
What to look out for:
A good contract will have:
So there you have it: words are extremely important. They can totally change what an agreement actually means. So be careful with your words; you could end up losing a lot of money!