Money and Spending

Money and Spending

Introduction

When we spend, we pay money, usually in exchange for good

and services.
Consumer spending is when good and services are bought by
households in the satisfaction of their needs and wants.
Money is only meant for one thing –
spending.
Think about it for a minute – why do
people focus so much on saving and
investing? It’s so they can have more
money later… to spend. Otherwise there
would be no point in saving or investing.
The key is to spend less than you earn,
but still enjoy life in the present.

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 Money and Spending
Common Spending

What part of you income do you spend on these things?

Transportation Food Apparel and Housing

Services

Personal Insurance Entertainment Cash Healthcare

and Pension Contributions
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 Money and Spending
Collocations

1. Lose money 1. to receive money from somebody who has

2. Earn money died.
3. Inherit money (from 2. to use money on something you don’t need.
somebody) 3. to take money out of a bank account.
4. Borrow money 4. If you have borrowed money from
5. Lend money (to somebody we can say that you
somebody) him money E.g. I steve £10
6. Invest money (in 5. to return money that you have borrowed.
something) 6. the opposite of win or find.
7. Waste money (on 7. to get money by working.
something 8. to get money from somebody that you will
8. Pay (somebody) back give back. E.g I £10 from Steve.
money 9. to give somebody money that they must
9. Owe (somebody) give back to you.
money 10. to buy shares in for example a business and
10. Withdraw money hope that you will make a profit.

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 Money and Spending
Dialogue

The sentences below are part of a conversation between a

shop assistant and a customer. Put the complete conversation
in the correct order.

Yeah, here’s one.

But it’s very good quality.
Oh wait a minute.We do have this one. It has gray stripes.
Thank you.
Gray. I see. And your size is…?
Twenty five dollars.
Good afternoon. Can I help you?
I’m afraid these are the only two kinds
of gray we have.
Large. OK. How about this one.
What color would you like?

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 Money and Spending
Vocabulary Exercise

Fill in the gaps with the correct verb, in the correct form.

(not) earn inherit borrow lend steal

find invest waste pay (back) owe
withdraw

1) When I was younger, I some money in Nokia. It was a really good idea
because the company has been very successful, and I have made a lot of money.
2) 2) I was very sad when my grandfather died, but I used the money I from
him to study, and I think he would be very happy that I am a teacher now.
3) 3) Claire works as a secretary, but she much money, so her mum often
has to her some.
4) 4) A couple of years ago I £20 outside the pub. I it all on things I
didn’t need.
5) 5) When I was a student I had to lots of money from the bank. I all
the money back last year, so now I don’t the bank anything.
6) 6) You should be careful when you money from a cashpoint machine
because somebody might be behind you waiting to it from you.

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Money and Spending
Picture Description

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 Money and Spending
Reading Exercise
Money can buy happiness

The Beatles sang in a song that money can't buy us love. Many people
believe money cannot buy happiness and that it is the cause of evil. However,
new research says money can buy happiness. A study compared the spending
habits of 625 people with their personality.They compared the personalities
with a list of what the people bought.The conclusion was that buying the right
things can lead to happiness.
The study could change how
people think about money and happiness.
Internet companies could use information
about happiness to recommend things
that increase it. A researcher said
spending money could be more important
in our lives than we thought. She said:
"Spending money on products that help
us express who we are could…be as
important to our well-being as finding the
right job…or even the right friends."
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 Money and Spending
Check your understanding

True or False

1. This news is about a song sung by the group the Beatles.

2. Researchers said money made 625 people unhappy.
3. Researchers said buying the right things can make people happy.
4. A researcher said spending money was not very important.
5. The researchers said the study would help Internet companies.

Post Comprehension

1. Which English pop group was mentioned in the article?

2. What did an expression in the article say was the root of all evil?
3. What kind of things that we can buy can lead to happiness?
4. What kind of companies could use the information in the study?

a. What is the relationship between money and happiness?

b. Does money affect your happiness?
c. Is money the cause of evil?
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 Money and Spending
Picture Description
Make a sentence using the words in the box
debt
salary
2 3 loss
costs
profit
cash
price
1 budget
4

7 8

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 Money and Spending
Verbs Used with Money
Choose the letter of the correct sentence in each pair.

1. a. Maybe my sister will withdraw me some money.

b. Maybe my sister will lend me some money.
2. a. Can I borrow $10.00 from you?
b. Can I save $10.00 from you?
3. a. I spent my money in the bank.
b. I deposited my money in the bank.
4. a. I spend $6.00 an hour at my job.
b. I earn $6.00 an hour at my job.
5. a. I am saving money now, so I can buy a new car next year.
b. I am spending money now, so I can buy a new car next year.
6. a. I will use the automatic teller machine to spend $20.00.
b. I will use the automatic teller machine to withdraw $20.00.
7. a. How much money did you spend at the grocery store?
b. How much money did you deposit at the grocery store?
8. a. If I save enough money,I can take a vacation this summer.
b. If I lend enough money, I can take a vacation this summer.
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 Money and Spending
Sentence Building
Answer these questions:

1. Can you recommend a good toy shop/store?

There is a really good book shop ….......
2. Where can I get pet food from?
The nearest one is a few ….......
3. Could you direct me to the nearest florist please?
The florist isn’t open ….........
4. What time are you open until?
We’re open from …........
5. Do you take credit cards?
We take / accept all major …........
I’m afraid we only take …........
6. Does it have a warranty?
It comes with ...........
7. Would you have this in another colour?
I’m afraid that’s …........
8. Where is the changing/fitting room?
…........ are that way.
9. Do you have a refund policy?
You can get a refund if you keep ….......
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 Money and Spending
Shopping Signs and Notices

Match the Adverts

1. A sport shop
2. A second hand game
console
3. An electrical shop
4. A new department store

TRUE OR FALSE

1. The JR Sports sale starts inAugust.

2. The JR Sports sale starts inAugust.
3. The JR Sports sale starts inAugust.
4. You get a free DVD player if you buy a camera from Tellys’r’us.
5. You have to pay to use Jack and Jill’s car park.
6. Jack and Jill’s is open until late.
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 Money and Spending
Idioms
Use them in a sentence.

a dime a dozen
- easy to get and
two cents (worth) cost a pretty penny
therefore of little - to cost a lot of money
- one's comments or
value
opinion

look like a rain check

million - a promise to
dollars repeat an invitation
- to look very at a later date
good

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 Money and Spending
Express Yourself

1. Have you ever lost any money?

2. How much money would you like to earn a year?
3. Which company would you like to invest in now?
4. Have you ever borrowed money from somebody?
5. Is there anyone you don’t like lending money to?
6. Is it good to lend money to friends? Why or why not?
7. Have you ever found any money? Did you keep it?
8. What did you last waste money on?
9. Do you owe anybody money now?
10. When did you last withdraw money from the bank?
11. Has anybody ever stolen money from you?
12. Do you save money? Why orWhy not?

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Pronunciation Exercise

Minimal Pairs
short a /æ/ — short e /ɛ/
and end paddle peddle
bad bed pan pen
band bend pat pet
bat bet sand send
command commend tan ten
expand expend had head
gas guess laughed left
land lend mat met
mansion mention passed pest
pack peck sat set

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