TD Managing your money

MANAGING YOUR MONEY

1. START

1. Describe what and who you see.

[pic 1]

1. What is your technique to avoid spending too much when you shop?

1. FACTS

1. MAJOR CURRENCY EXCHANGE RATES

EUR         USD                 GBP                 CHF                 CAD                 AUD                 JPY

EUR         1.322                 0.8194         1.2075                 1.3172         1.2741         113.72

USD         0.7564         0.6197                 0.9133         0.9963                0.9637                 86.016

GBP         1.2204         1.6134                1.4737                 1.6076                1.555                 138.78

CHF         0.8281         1.0948         0.6785         1.0909         1.0552         94.19

CAD         0.7591         1.0036                0.622                 0.9166                 0.9672                 86.32

AUD         0.7848         1.0375         0.643                 0.9476         1.0338         89.213

JPY         0.0087         0.0116         0.0072         0.0106                0.0115         0.0112

1. Observe the picture and match the following currencies with their country or area.

a. Europe                 1. Euro €

b. United States        2. Pound ₤

c. Great Britain          3. Swiss franc

d. Switzerland         4. Canadian dollar $

e. Canada                 5. US dollar $

f. Australia                  6. Yen ¥

g. Japan                  7. Australian dollar $

1. Say whether the following statements are true or false. Give the right answer or an example.

a • A country’s national money is called its currency.

b • ₤ is the American currency symbol.

c • In English, the currency symbol is always placed before the number..

d • The exchange rate is the amount of one currency that can be bought with another.

e • Today you would get €1.32 for $1.

1. AT THE BANK

1. Listen to the people talking. Circle the verbs you heard.

to pay for

to owe money

to lose money

to pay off

to go bankrupt

to write off debt

to borrow

to earn a better income

to lend money

to afford

1. Give the French definitions of these verbs.

a • to pay for:

b • to owe money:

c • to lose money:

d • to pay off:

e • to go bankrupt:

f • to write off a debt:

g • to borrow:

h • to earn a better income:

i • to lend:

j • to afford:

1. Write the numbers you heard in the audio.

1. Make rules on how to deal with numbers.

a • To say the year, you can say … as heard in the audio. Do you know any other way to say the date? ….

b • When hearing the plural of “thousand”, what did you notice and what else can you guess?

c • In a decimal number, how do you pronounce the digits after “point”?

1. UNDERSTANDING BANK VOCABULARY

1. Fill in the blanks with the words below.

overdraft fees / credit card / current account / expenses

bills / ATM-cash dispenser / to withdraw / loans

In today’s society, it is very easy to spend money. So you want to manage your … and balance your … … in order to avoid … …. When you … money at an …/…, when you use your … … or when you pay your … , make sure the money is available in your bank account. When you have extra money you can take the opportunity to pay off any … you may have.

1. DISCUSSION

How do you save money?

1. TEXTS

GRADUATES SAY THEIR INESCAPABLE STUDENT LOAN DEBT IS A LIFE SENTENCE THAT AFFECTS THEIR EVERYDAY DECISIONS

Elen Scott, Metro.co.uk, November 1st, 2020, D. R.

(1) If the looming worry of your student loan debt keeps you up at night, you’re not alone. The majority of people with a degree see their debt as an inescapable financial burden that negatively affects their everyday life, according to a study of 1,000 undergraduate and 1,000 postgraduate degree holders conducted by OnePoll on behalf of Splash Financial. 89% of those surveyed see their debt as a financial burden [...] and many people are making sacrifices to soothe the stress of owing so much. Some of those sacrifices include skipping socialising to save money, picking up side hustles, intense budget plans, skipping loved ones’ life events such as weddings or births to avoid travel costs, and taking a job they absolutely hate.

(2) 82% said their debt is affecting major life decisions. [...] 43% of graduates with student loans called buying a house a financial impossibility and 43% said their loans meant they couldn’t save for retirement. Graduates are willing to take drastic steps if they could erase their student loan debts entirely, including taking no time off work for a year, reliving secondary school, shaving their head, and spending a week in jail.

(3) And as you’ve probably gathered, all that debt is having an impact on graduates’ mental wellbeing, as ‘frustrated’ and ‘worried’ were the top words used to describe feelings about student loan debt. ‘These survey findings support the fact that the burden of student loans negatively impacts a person’s financial well-being and it often seems inescapable,’ said the CEO of Splash Financial. ‘From grocery shopping to relationship building, it is shaping everyday life. If we’re not careful, it could have massive cultural implications.’

Things graduates say are financial impossibilities due to student loans

43% saving for retirement

43% buying a house

42% moving to a new city

39% getting a new place to live

39% going on holiday

36% getting life insurance

35% marriage

35% children

29% moving out of their parents’ home

1. Classify all the figures in the graph in the right category.

1. Match the words from the text to their definition.

1. looming                 a. a student who is studying for their first degree at college or university

2. burden                 b. menacing

3. an undergraduate         c. to miss out

4. a postgraduate        d. to make less worried

5. to soothe                e. to collect

6. to skip                f. something difficult that you have to deal with

7. a debt                g. a student who already has one degree and is studying for a higher one

8. to gather                h. a sum of money that you owe

1. Fill in the gaps to introduce the document.

This document … “Graduates say their inescapable student loan debt is a life sentence that affects their everyday decisions” … from … , published in … . It is about …

Answer the questions related to the text.