Unit 5 Class Notes
Unit 5 Class Notes
Money
Money makes the world go around.
Money doesn’t make you happy, but it helps.
The three most important things in life are health,
money and love.
Glossary
A2
borrow (= GET)
to get or receive something from someone with the
intention of giving it back after a period of time.
She used to borrow money but didn’t use to pay it back.
likely
describes something that will probably happen or is
expected
Do remind me because I'm likely to forget.
I suppose that might happen but it's not very likely.
It's very likely that we'll be in Spain this time next year.
owe
to have to pay money back to someone
I owe Janet ten pounds.
We still owe £1000 to the bank.
Please tell me how much I owe you for that.
wage
the amount of money a person regularly receives for
their job
weekly wages
He earns/gets good wages at the factory.
a very low/high wage
the minimum wage
an hourly/daily/weekly wage
B2
broke
without money:
I can't afford to go on holiday this year - I'm flat broke.
Many small businesses went broke during the recession.
debt
an amount of money that you owe someone
He managed to pay off his debts in two years.
budget
the amount of money a person or organization has
available to spend
an annual budget of £40 million
They are over/under/on/within budget.
They have a very tight budget.Este
As I am a student on a very tight budget, I would prefer a
cheap B and B or a family rather than a local campsite
budget
very cheap
a budget airline
C2
chip in (sth)
If several people chip in, they each give money to pay for
something together.
We all chipped in to buy our teacher a present.
If you say it's on you, they will offer to chip in and you can
always say politely: "Sure, why not."
it’s on me = I will pay
If you won the lottery and had a million euros, what
would you do?
If I had a million euros, I would buy a house and then I
would invest the rest of my money so that I would never
have to work again.
Or maybe I would give it all to charity.
Spending
A2
free: not costing any money
I got some free cinema tickets.
Members all receive a free copy of the monthly
newsletter.
We will install your washing machine free of charge.
You don't have to bring any money because it is free.
When was the last time you wanted to buy
something but you realised you couldn’t afford it?