CONTENTS

SAMPLE ANSWERS
1 Sample questions and
answers from speaking part 1,

TOPIC:
2 and 3
1. 2.

KEY VOCABULARY
3. 2 Words and terms frequently
used when talking about

MONEY and
education.
4.

WORD FORMATION
3 Learn how to use wide

FINANCE
variety of parts of speech,
such as nouns, verbs,
adjectives

COLLOCATIONS

Sample answers, useful

5. 4 Find out groups of words that
usually used together by
native speakers
vocabulary and resources
USEFUL RESOURCES
for IELTS speaking exam 5 References to teaching and
authentic materials related to
this topic: IELTS blogs,
podcasts, videos and articles


1. SAMPLE ANSWERS
PART 1
that I can do more and help more people.
1. Do you like shopping?
6. Do you think it is ok to lend money to friends or
- Yes, I do. If I have enough money to spend, I could family members?
shop all day.
-I think it is okay to lend money as long as it would
2. Have you bought anything interesting recently? serve a good cause.

-Yes, I did. I bought a small speaker that I am now 7. Are you good at saving money?
using to listen to music whenever I’m at home.
-Honestly, not really because I can be an impulsive
3. How important is money to you? buyer sometimes. For example, whenever I see
something that I really like even if it is not necessary,
-Just like everybody, money is important for me. We I’d buy it.
need it to survive.
8. Is it difficult for you to control your spending?
4. Do you think you will have lots of money in
future? -Sometimes it is, especially when I know I have some
extra money.
- I am working hard to have lots of money in the future.
Well, maybe not too much, just enough to have a good
lifestyle.

5. Would you like to become rich some day?

- Of course I do. I like to become rich some day so

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PART 2

Describe something you want to buy but can’t I would like to buy a new car. I need it every day to travel
afford. You should say: to work. The heavy traffic everyday especially during rush
• What you would like to buy hours makes public transportation really inconvenient for
• How much it costs me. To get to work, I have to spend about two hours in
• Why you can’t afford it public transport including waiting in long lines to get a
• and explain if there is any other way you ticket for a train and transferring from one mode of
could acquire it. transport to another. This has been my daily routine and it
could get stressful.

A brand new car in my country would probably cost about

16,000-20,000$ while second hand or used cars are
roughly cost 5,000-7000$. I prefer to have brand new one
because used cars can have much more problem
especially in maintenance cost.

For the moment, I cannot afford a car because I do not

have that much savings and my salary might be
jeopardized if I purchase a car in instalment basis.
Although it may be possible for me to acquire a car
through bank finance or through a loan, I do not prefer to
use this method because my take home pay would be too
low which would risk my day to day living expenses
including the bills and other necessities. Besides, I would
still have to consider the expenses for the gas. So, for
now

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PART 3

1. How much money is enough?

I think considering the idea of having enough money would depend on someone’s lifestyle. But for me, enough
money is being able to afford basic needs and other necessities while having some more for recreation as well as
savings. For example, I could say that I have enough money if I am able to sustain my basic needs such as food,
clothing and shelter and etc, while having some more to spend for my hobbies and leisure and some amount in my
bank account that I could use for emergency purposes.

2. What problems does money cause in your society?

Money causes a lot of problems in our society. In the field of politics, leaders become selfish and greedy because of
money. Politicians engage in graft and corruption, which makes them incompetent and ineffecient public servants. It
is the society that suffers out of this. Poverty is also another problem our society is facing. Many people lack money
to sustain day to day living. As a result, people’s health suffers and illiteracy rate is continuously increasing. Heinous
crimes happen in many places because people resort to doing illegal actions just to be able to acquire money.
These are just some examples and there are a lot more.

3. Do young people nowadays believe in saving money? What conflicts can arise between a person's family
and a person's friends?

I think almost everyone, not just the young people believe that it is good to save money. However, in today’s
generation wherein there are a lot of products and attractive advertisements, people find it difficult to do so. In
addition, many companies offer easy payment terms, so people get tempted to spend even for things that are not
really needed. A great example would be the rapid advancement in technological gadgets by which people,
especially the young jump in the bandwagon. Nevertheless, I still believe that the young people think of saving
money, but the will to do it could be very difficult.

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2. KEY VOCABULARY

a price asked for goods or You no longer need to worry for future charges from
charge services Audible and your membership was completely
cancelled now.

an amount of If you're looking for a loan, approach our local banks.

loan money borrowed from a bank

money available for a client to Redland Bank will not normally give credit to
credit borrow. applicants under 18 years of age .

a large amount of valuable things Wealth is not the same thing as money.
wealth or money

the money that you have saved I don't have a strong view as to how you should
savings diversify your savings

to get money for the work that Indeed up until recently the average English
to earn you do farmer earned £ 77 per week.

a financial gain, especially the Typically the higher the profit margin, the more the
profit difference between the amount value
earned and the amount spent in
buying, operating, or producing

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something

the money that an organization or He refused to answer questions about his personal
finances person has finances

an amount that has to be paid or Since 2004 the building has been boarded up so that
cost spent to buy or obtain something. the cost of refurbishing it hasincreased hugely.

a reduction of the selling price of I frequently ask for discounts.

discount something or of the total cost of
an invoice

a repayment of a sum of money, I have issued a refund in the amount of $14.95 back
refund typically to a dissatisfied to your credit card
customer

the amount of money a person or Robert Rodriguez first film, El Mariachi, was famously
budget company has for something or a produced for a budget of $7,000
plan describing expenditure

an amount of money that The creditors declined the offer, preferring to realize
offer someone is ready to pay for the estate themselves.
something

a sum of money that you pay No deposit is necessary and no payments need be
deposit immediately to prove that you will made during the first year of the agreement .
buy something

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to use your money to pay for Managers are often wary about spending money on
to spend something flat-screen monitors.

used to describe that something She received a year's membership worth £ 200 at
worth has value especially in money Lifestyle Fitness Suite at Riversdale.

money received for goods or There are many ways to make a second income.
income services or coming from other
sources as for instance,
investments.

the money spent on something What are the living expenses in Sydney?
expense
the state of being welthy and It is a fallacy (a mistaken belief) that a obtaining
prosperity having everithing that you need adegree will inevitably result in a successful career
for good life and guaranteed prosperity.

expencive things that you enjoy Not only is it possible to live without a single luxury,
luxury but do not really need the majority of people in the world do

have enough money to pay for to We couldn't afford the house without the studio, and
afford buy something we couldn't afford the studiowithout the house.

the fact of losing something or First Bank does not expect any loss of revenue from
loss you have less of something than the deal .
you had before

a sum of money paid in exchange Card payments accounted for $12 trillion globally in
payment for goods or services 2013.

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income generated by selling Everbrite reported $760 million in gross revenue in
revenue goods and services 2012.

a legal agreement in which you You don't truly own the house until you've paid off
mortgage borrow money from a bank your mortgage

a decline in economic, business, Oil industry downturn is nothing new, it's always
downturn or other activity comes in cycle.

a person or company who is Once you are a bankrupt your unsecured creditors
bankrupt unable to pay for debts because will cease to contact you
they have no money

a thing bought or offered for sale He 's proud of his ability to spot a bargain
bargain more cheaply than is usual or
expected

amount of money spent by The cost of government expenditures are covered

expenditure someone (person, company, by taxes or increasing the money supply.
government)

monthly (yearly) payment that you What is your monthly salary?

salary earn from your job

something, typically money, that Debt matters if it is too large compared to assets and
debt is owed income.

to take money out of a bank You have not got enough funds to withdraw this
to withdraw account amount.

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to give someone money or You can only lend the book once, for a two week
lend something that belongs to you for period
a short time

the action of buying something or Purchase can be made on-line

purchase something you buy

to build up, get more Nikson says he began accumulating his fortune in
to accumulate 1952 , when his father , an advertising executive ,
gave him $ 5 for his fifth birthday .

decide that money should be The city government has allocated substantial
to allocate used for a certain purpose funding in recent years for afforestation to control air
pollution .

raw material or primary Russia 's economic crisis has been exacerbated by
commodity agricultural product to be bought the drop in world prices for oil , its main
and sold export commodity .

ive sometning, often money, to The French government will also sign an accord with
to compensate someone in order to make up for insurance companies to compensate victims of
loss or suffering school violence .

a gradual and continuous loss of The market suffered it's worst decline in 2013
decline strength, numbers, quality, or
value

a thing that motivates or Economic incentives provide you the motivation to

incentive encourages one to do something pursue your preferences.

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/liːs/ a legal contract by which one The closer you are to the end of your lease, the more
lease rents or rents out something flexible your landlord is likely to be

the difference between how much The gross margin actually just turned positive for the
margin money you get when you sell first time in 2014.
something and how much it costs
you to buy or make it

a person or compay whose job is As a small merchant you can sell not only on
merchant to buy and sell goods Amazon or eBay but also on other major
marketplaces

a person or company that makes We supply, install and configure computers from
manufacturer goods for sale leading manufacturers

money given in recognition of As a charity we do not get any financial reward for
finansial reward one's service, effort, work or our work.
achievement

noticeable and definite The majority of employers (99%) believe coaching

tangible can deliver tangible benefits to both individuals and
organisations

(formal) having a lot of money My retirement income in the UK gave us a

affluent and a good standard of living; comfortable but certainly not affluent lifestyle
wealthy

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money paid regularly for ongoing The membership fee for the programme is $ 600 a
fee service or payment for year
professional service

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3.WORD FORMATION

noun Price for delivery is included in the charge for each

charge sandwich

verb You can charge any rent you agree with the tenant
to charge
phrase What's the best free-of-charge software for making an
free of charge org chart?

noun My firm, GMD Partners, has 25% of our total

investments investments in the financial services sector

verb When you can't keep savings in the form of money,

to invest you invest them in something that will produce value in
the future.

noun Wealth is not the same thing as money.

wealth
adjective Not all Chinese Indonesians are wealthy, only a fraction
wealthy of them are.

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verb Indeed up until recently the average English

to earn farmer earned £ 77 per week.

noun house prices are rising faster than earnings

earnings

verb You do not have to purchase everything you need and

save money need to be smart to save money

noun
savings
phrase Not having a car is a huge money saving tip
money saving

noun Typically the higher the profit margin, the more the
profit value.

verb An exposure would profit me indirectly to a

to profit considerable extent.

adjective Udemy is a profitable business model

profitable

noun He refused to answer questions about his personal

finances finances

verb If you are looking for financial advice, start off by talking
finansial to close friends or family members.

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noun Since 2004 the building has been boarded up so that the
cost cost of refurbishing it hasincreased hugely.

verb A home computer will cost you anywhere between $500

to cost - $1000

adjective The most cost effective way to ship books is actually

cost-effective by using a Print on Demand (POD) printer

phrase Greet people with a Smile , it will cost you nothing but it
it will cost you may bring positivity to someone else
nothing

noun El Mariachi, was famously produced for a budget of

budget $7,000.

verb Do You need advice on dealing with debt and how

to budget to budget ?

noun The creditors declined the offer, preferring to realize the

offer estate themselves.

verb We can offer help and advice in the search for other
to offer posts

noun While planning an investment it can be difficult choosing

deposit between fixed deposit or recurring deposit.

verb
to deposit

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verb You don't have to spend a fortune to look good
to spend
noun In that period , public spending will rise by 5.9 per cent
spending per year on average .

noun It is a fallacy (a mistaken belief) that a obtaining adegree

prosperity will inevitably result in a successful career and
guaranteed prosperity.

verb Britain is the kindof society that can prosper best from
to prosper globalisation

adjective Provinces in east China, a comparatively prosperous

prosperous region, have also directed large amount of funds into
provinces in southwest China

adjective The most luxurious honeymoon destination is Vamizi

luxurious Island

noun The Ronam costs fifty thousand pounds a year to run,

luxury and the Tory administration believes this to be a luxury
it cannot afford.

verb We couldn't afford the house without the studio, and we

to afford could n't afford the studiowithout the house

adjective All web-based small business accounting software is

affordable affordable

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noun First Bank does not expect any loss of revenue from
loss the deal

phrase The fact that most apps make a loss proves that they
make a profit or are mostly wrong
make a loss

noun We want all of our customers to be completely satisfied

purchase with their purchases.

verb There are a set of signs people use to identify intent to

to purchase purchase.

verb The French government will also sign an accord with

to compensate insurance companies to compensate victims of school
violence .

noun Currently only six out of 10offenders ordered by the

compensation courts pay compensation to victims

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4.COLLOCATIONS

reasonable adjective+
small
charge
fixed
standard
total
annual
daily

at a preposition+
for a
charge
on

be willing to verb+
look to
invest
plan to
seek to

big adjective+
good
profit
greater
high
huge
record
substantial
low
modest

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small

bring (in) verb+

earn
profit
generate
make
realize
reap

margin, rate profit+noun

profit

big adjective+
easy
money
government, public,
taxpayers'

amount, sum +of+money

money

get out, take out verb+

withdraw
money
lose, run out of, spend
waste
invest

tuition, membership, school +fee

entry, entrance, admission,
fee
cancellation, booking

high adjective+
low
cost
additional, extra

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estimated
real | annual, monthly
fixed

bear, cover, meet, pay verb+

increase, push up
cost
bring down, cut, lower,
reduce | keep down
estimate
calculate

an increase/a reduction in phrase

cost, at no extra cost
cost
cost of living
at a cost of $10/$100

labour/transport/legal noun+cost
cost
accept verb+
reject
offer
turn down

acceptable adjective+
attractive
offer
fair
favourable
reasonable
tempting

high adjective+
steep
price

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low
bargain
attractive
fair
reasonable
right

good adjective+
average
price
asking
purchase
retail
sale
selling
market

consumer adjective +
commodity
price
food
house
land
property
share
electricity
energy
fuel
oil

go for verb+
quote sb
price
charge
increase,
raise

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cut
lower

increase in phrase
rise in
price
a drop/a fall/a reduction in
price
pay a heavy price (for sth)

go up price+verb
rise
price
skyrocket
drop
fall
go down

go from … to … price+verb
range from … to …
price
start at

level price+noun
range
price

above-average adjective+
high, large
income
sufficient
average

future adjective+
permanent
income

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secure
regular
steady
annual
monthly
weekly
national
per capita

family adjective+
household
income
gross
net

have verb+
receive
income
arn
generate,
boost
increase

monthly noun +
weekly
pay
high
low
poor
full

holiday adjective+
maternity
pay
overtime
sick

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pay pay + noun

cheque
pay
packet
slip
increase
rise
cut

negotiations adjective+
agreement
pay
award
deal
offer

a cut/an increase/a phrase + in pay

reduction in pay
pay

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5.USEFUL RESOURCES

THIS TOPIC ON IELTS BLOGS

§ IELTS Speaking Practice: Money [ielts-academic.com]
§ IELTS Cue Card Sample: Describe something special that you saved money to buy [ielts-mentor.com]

PODCASTS

§ The money paradox [npr.org]
§ Paul Piff: Does money make you mean? [npr.org]

ARTICLES

§ What is the best way to make money? [quora.com]
§ What is the bihhest surprise about getting rich? [quora.com]

VIDEOS

§ Saving for tomorrow [TED TALKS]
§ How to buy happiness [TED TALKS]

IELTSspeakingvocabulary.com