Money

1.​ Tricks for saving money

2.​ Are you a spender or a saver? Fill in and

We’re spending a lot more …………… food than we used to.
●​ We can always borrow some money ………...……… the bank.

●​ Don't waste your money …………… such purchases.

●​ Banks are willing to lend large amounts of money …………… people starting up

businesses.

●​ I’m going to invest my savings …………… this project.

●​ How can I cut down …………… clothing costs?

https://quizlet.com/pl/535688116/money-flash-cards/?x=1jqt
3.​ Where does your money normally go? Discuss which of these things you spend
the most money on.

ordering takeaways (BrE)/ transportation

takeout (AmE) clothes
going out with friends holidays
grocery shopping

4.​ Match the words and phrases in bold to the correct meanings below.

1.​ I feel that I sometimes overspend on

a. coffee.
b. eating out.
c. entertainment.
2.​ When I do the shopping,​
a. I have a list of items I need.​
b. I remember what I should buy.​
c. I think, while I’m in the shop, about what I want to buy.
3.​ When I buy online,
a. I spend time looking for the best deals.
b. I only buy from one shop because I know and trust it.
c. I buy much more than I need.
4.​ To keep myself on budget,
a. I write down all of my purchases.
b. I cut down on some expenses at the end of the month.
c. I use cash instead of a credit card.
5.​ You want to save some money. You know that you waste too much money on
petrol driving to work. The most cost-effective means of transport would be a
bike. What do you do?
a. I bike to work.
b. I save on other things because I love driving.
c. I find a colleague to drive with and share petrol costs.
6.​ You are going to buy some groceries, but you enter a clothes shop and see an
amazing pair of jeans for $100. What do you do?
a. I buy them on impulse.
b. I already have so many pairs of jeans, so I don’t buy them.
c. I take a photo and wait until the sales.
7.​ You want to go to your friend’s house by Uber. If you take an Uber now, you’ll
be charged more, but if you wait, the price might be cheaper. What do you
do?
a. I go now because I don’t want to wait.
b. I wait a couple of minutes to spend less money.
c. I decide to use public transport and arrive a bit later.
8.​ What trade-off would you accept if you wanted to save money for a holiday?
a. Not ordering takeout for one year.
b. Cycling instead of driving to school for half a year.
c. Staying at home instead of going out for half a year.
MEANINGS:
a.​ it means that something is good value for the amount of money paid
b.​ a compromise
c.​ to ask an amount of money for something
d.​ an individual thing
e.​ to spend more money than you should or more than you wanted to
f.​ because you suddenly want to, although you haven't planned to
g.​ to spend only as much money as you have
h.​ a good, or lower than usual, price
i.​ a cost

5. Video -
https://en.islcollective.com/english-esl-video-lessons/listening-comprehension/deep-liste
ning-focus-on-meaning/are-you-a-saver-or-a-spender/236354

6. Match

1. change money a. a negative amount of money in your bank

2. exchange rate account
3. charge commission b. how much the money of one country can be
4. bills changed for the money of another country
5. balance c. paper money
6. withdraw cash d. the amount of money you have in your bank
7. overdraft account
e. to ask a customer to pay a fee or
percentage of a particular service
f. to give money in one currency and receive
the same money in another currency
g. to take out money from your bank account
or from a cash machine
Now complete the following dialogues with words from above

FOREIGN EXCHANGE
Cashier: Hello. How may I help you?
Robert: I’d like to ___________
some euros into dollars, please. Could you tell me the current ___________?
Cashier: 1.2 US dollars to the euro.
Robert: Fine. Do you ___________?
Cashier: No, we don’t. How much would you like to change?
Robert: 100 euros.
Cashier: May I see your passport?
Robert: Here you are.
Cashier: How would you like your ___________?
Robert: In twenties, please.
Cashier: Here you are, sir. That’s 120 dollars.
Robert: Thank you.

CURRENT ACCOUNTS
Simon: I’d like to check the current ___________ on my account, please.
Cashier: Certainly. May I see your passport, please?
Simon: Here you are.
Cashier: Just a moment... It’s 280 pounds.
Simon: OK. I’d like to ___________ 50 pounds please.
Cashier: Certainly...Please sign here...And here is your receipt. Anything else I can do for you?
Simon: Yes, can you tell me what my ___________ limit is?
Cashier: Certainly. It’s 200 pounds. Anything else?
Simon: Audio No, that’s everything. Thank you.

7. ***Listening -
https://www.linguahouse.com/esl-lesson-plans/general-english/banking/audioplayer/bank
ing-ex2

8. What’s the difference?

1. a current account and a deposit account?
2. a mortgage and a loan?
3. a credit card and a debit card?
4. in credit and overdrawn?
5. a direct debit and a standing order

9. Memory - find the phrases

https://wordwall.net/play/38880/799/246
10 . I have a problem. Can you help me?
1. I want to buy a car but I don’t have enough money in my bank account.
2. I have to pay for my Internet connection every month, and I don’t want to remember to make
a transfer every time.
3. I want to buy a house, but I don’t have enough money.
4. I have a bank account in which I have to leave my money for a long time, but now I want to
spend it when I want.
5. I don’t want to carry too much cash with me when I go shopping.
6. My bank won’t lend me any more money.

11. Role play

1. You want to withdraw $200 in fifty-dollar bills.
2. You want to check your bank balance and pay in $50.
3. You want to check your overdraft limit and exchange some money.
4. You need a loan to buy a car but you have too many existing loans already.
5. You are going on holiday to Switzerland, and you need some cash in Swiss currency. You
have 100 US dollars.

10. Discuss
➔​ Do you prefer to pay with cash or card?

➔​ Do you use payment apps on your phone?

➔​ How do you prefer to pay for things online?

11. Look at the pictures below and discuss how money and payment methods
have changed over the years.
12. Choose one payment method, think about its pros and cons, and present
them

cash​ ​ cheques​ ​ credit card​ ​ mobile payments​

online payments​
Consider aspects such as:​
●​ convenience
●​ control
●​ security
●​ speed
●​ cost

13. Match the underlined word with the correct meaning below.

1.​ a disadvantage or problem 5.​ to remove or stop using something

2.​ able to be easily hurt, influenced, or gradually
attacked 6.​ to collect large quantities of
3.​ an object from the past that has no information
modern use 7.​ not simple, fast, or effective
4.​ a failure to follow a law or rule​ enough and difficult or annoying to
​ use

❖​ VHS tapes have been relics for almost 20 years as we moved to DVDs at the
beginning of this century.
❖​ Carrying huge amounts of cash is pretty cumbersome and almost nobody does it any
longer as a credit card is just much more convenient.
❖​ The only downside of working here is that it is so far from my home.
❖​ Nowadays, personal information is very often harvested from social networks.
❖​ When someone posts your photo without asking your permission, it is a breach of
your personal rights.
❖​ Fewer and fewer people used savings accounts, so the bank decided to phase out
this service at the end of this year.
❖​ Some older people are more vulnerable to cyber-attacks, because they don’t know
how the internet works exactly.
14. Watch the video and answer the following questions.
●​ Why is cash problematic for both banks and consumers?
●​ What are the downsides of cashless payments?
●​ What does 80% refer to in the video?
●​ What are the potential problems caused by going cashless?
●​ What do central banks do to control money?
https://www.youtube.com/watch?v=-0ph-pvCSPc&ab_channel=TheEconomist

15. Discuss
➔​ Do you think that cash is cumbersome? Why/Why not?
➔​ Do you prefer cash or digital payments? Why?
➔​ Would you miss cash once it’s gone?
➔​ Do you think a cashless society is safer? What are its downsides?
➔​ To what extent has your country already gone cashless?
➔​ Is it inevitable that cash will phase out?
➔​ How can we make sure that there are no people left behind when we go completely
cashless?

Watch the video and discuss the questions below.

➔​ What is the speaker's idea? Can you summarise it?
➔​ From your personal point of view, do you agree with his observations?
➔​ When was the last time you spent money on someone else?
➔​ What happens when people win the lottery?
https://www.youtube.com/watch?v=ZwGEQcFo9RE&t=1s&ab_channel=TEDxTalks