Unit 3 five tips for your financial future

Unit 2 Five Tips For Your Financial Future 2 LEAD IN CONNECT to the TOPIC LEAD IN MONEY A B C D G H E F LEAD IN – match the word in pairs Column A Column B a nickel a dime a quarter a buck a quid a fi.

Unit 2 -

Five Tips For Your Financial Future

2

LEAD-IN

CONNECT to the TOPIC

LEAD IN - MONEY

A B C

D

G

H E

F

LEAD- IN – match the word in pairs

1 a nickel = 5 cents (US)

2 a dime = 10 cents (US)

3 a quarter = 25 cents (US)

Lead in – WHAT VERBS CAN COME with MONEY

WIN

MAKE

Amount of money available of

needed for a specific use

 B budget

 C pension

 A salary

 D loan

An amount of money that a person, business, or country borrows, especially

  a sum of money that is given as the first

part of a larger payment

 D deposit

 B interest

 A pension

 C salary

Small amount of cash available for everyday expenses

 C petty cash

 B fee

 A fund

 D interest

  money which is earned after paying the cost of producing and selling goods and

The amount that a bank charges on money

The total amount of money received from sales of goods and

The money you need to spend to keep an

an agreement in which you pay a company money and they pay your costs if you have

an accident injure etc.:

 C insurance

 B load

 A deposit

 D debt

The act of putting money, effort, time, etc into

something to make a profit or get

an advantage, or the money, effort, time, etc

7

8

9

1 Match each of the following word with

its most suitable explanation

1 secure a small plastic card that can be used as a method of payment

2 pay off b to put something valuable, especially money, in a bank

3 interest c something serious that happens suddenly and needs fast action to avoid harmful results

emergency f a first degree at a college or university

7 deposit g to result in success

a) I like my job, but I don’t ……… a lot of money I would like to get a job that pays me more.

b) My college education was a good ……… I had to put a lot of money and time into it, but now I can get a good job.

c) I bought a new computer even though I didn’t have the money Now I’m in ……… for a couple of years.

d) My ……… income never seems to be high enough I wish I could make more money each year.

EXERCISE 2: Complete sentences using words

annual

EXERCISE 2: Complete sentences using words

h) He had some money in an account that he’d

……… for his kids.

i) I'm so broke this month that I can hardly pay the

1 I ……… £500 in my account this

morning

2 You should put the money in a savings

account where it will earn ………

3 She managed to ……… a loan from

the bank

4 A(n) ……… degree can increase

career opportunities and salary potential

5 There's been a significant ……… of

time and energy in order to make the project a

success

2 Use the words in Exercise 1 to complete the

following sentences Change the form of the word if necessary

23

deposit

ed

interest secure

bachelo

r’s

investm

ent

2 Use the words in Exercise 1 to complete the following

sentences Change the form of the word if necessary

6 This ……… allows you to withdraw up

to £200 a day from cash dispensers

7 Don’t you wish you had hired a ………

to give you some consultancy on your investment

8 All her hard work ……… in the end, and she finally passed the exam

9 There have been persistent rumors that the managing director might take early

retirem

ent emerge

ncy credit

card

INTERECT WITH VOCABULARY: - Pair Work

ADD A FOOTER 25

10/19/22

gave us tips about some of your hopes

and dreams providing well for your family.

the first step toward lots of time

and money earns more money than

be careful with go into debt.

prepare for emergencies by please at how ell this

Watch the lecture and complete the notes

below.

LISTENING

 Introduction:

-Think about your hopes and dreams:

=> All ………

Topic:

Five financial strategies:

1 Get a college degree

2 Be careful with credit cards

5 financial strategies

Five financial strategies:

1 Get a college degree

investment (time, money)

will pay off -> future income

Bachelor’s -> earn twice as much $ as sb with high school

education ($2.1 mil vs $1.2 mil)

2 Be careful with credit cards

- In the U.S, ………

- Credit is OK if ………., have to think about ………

- Ex: ………

………

3………

- Establish ………

- Regularly ………

Topic: 5 financial

strategies

average credit card debt =

$8000 you’re careful

interes t

buy new computer on credit card ($1000), interest = 22% -> $220 of interest/ 1 year Prepare for emergencies

emergency account deposit before bills, movie, etc.

4 Invest money

- Start ………

- Don’t like taking risks: ……….

- Want help: ……….

5 ……….

- Start ……….

 Conclusion: ………

5 financial strategies

small, see money grow

put money in low-risk fund hire professional, read (books, websites)

Save for retirement

early with small amount + from your first job

Financial security = personal

security

Use the note to

answer questions

35

1 Getting a college degree is

A the first step toward financial security

B a big investment

C both a and b

2 On average, a person with a college degree makes

in a lifetime.

A $2.1 million B $2.5 million C $1 million

3 We should be careful with credit cards because

A they will make us financially secure

B we can buy something and never pay for it

C we will have to pay interest

Choose the best answer use your

notes

4 We can pay for unexpected events by

A regularly putting money into an emergency account

B going out to eat or to a movie

C both a and b

5 If you don’t like risk, you should

A spend all of your money B put money in a low-risk fund C use credit cards

6 Retirement is something we should think about

A now

B when we’re in our sixties

C only if we have extra money

7 “We all know that happiness doesn’t depend upon money” means that:

A money is not necessary in life

B we cannot be happy without money

C if we don’t have a lot of money, we can still be happy

Choose the best answer use your

notes

FOLLOW-UP DISCUSSIO

N

38

Discuss with your partner the

following questions

●Based on the 5 financial

strategies given in the lecture, how financially secure would you say you are?

●Which financial strategy do

you find the most helpful? Why?

LISTENING STRATEGY

40

First we’ll (1)………at some new trends in advertising and then we’ll discuss the reasons.

I’m going to (2) ………different aspects of business ethics and then…

We’ll discuss a few (3) ……… of innovation in business

I want to discuss the (4) ……… leading to the problem of …

What I want to do is (5) ………males and females when it comes to spending money.

We’ll look at several (6) ……… for changes in work habit in America.

1 Here are some examples of how the big picture of a

lecture is introduced Use the given words to complete the sentences that follow.

look

cover

examples causes compare reasons

example compare cover reasons look

causes

Hi there, everyone It’s nine o’clock, so let’s go ahead and get started What I want to talk about this morning is the history of global brands Now, why do I want to talk about the history of global brands? Shouldn’t

we be talking about the future? Maybe, but in business, we can’t understand the future until we understand the past… All right I want to discuss the causes of the failure of some companies who have tried to do business – Novelties and other companies that are no longer around

2 Read the introduction from a lecture on global brands Then:

- circle the pic picture of the lecture

- Underline the big picture language topic

big picture

FURTHE

R PRACTIC

E

44

FURTHER PRACTICE 3

45

You will hear part of a lecture, given by an economist, about North American women's attitude to

money and saving Write NO MORE THAN THREE WORDS AND/ OR A NUMBER for each

answer.

1) Bernard Shaw, men are supposed to understand economics and finance 2) However, women are more prepared to about them.

3) Women tend to save for and a house.

4) Men tend to save for and for retirement.

5) Women who are left alone may have to pay for when they are old.

Saving for the future

Research indicates that many women only think about their financial future when a

(6) occurs This is the worst time to make decisions It is best for women to start

thinking about pensions when they are in their (7) A good way for women to

develop their (8) in dealing with financial affairs would be to attend classes in

(9) When investing in stocks and shares, it is suggested that

women should put a high proportion of their savings in (10) In such

ways, women can have a comfortable, independent retirement.

politicslearn

(their) children’s

education

a car

nursing care

crisis

early twenties