Ex

1. Match the following verbs with their definition.

AFFORD	to give somebody money for work, goods, services, etc.
BORROW	to obtain something by paying money for it
BUY	to take money from a person or bank and agree to pay it back to them at a later time.
COST	to get money as the result of a game.
EARN	to keep money instead of spending it, especially in order to buy a particular thing.
LEND	to have enough money to be able to buy something.
OWE	to keep money instead of spending it, especially in order to buy a particular thing.
PAY	to give money to somebody on condition that they pay it back over a period of time and pay interest on it
SAVE	to give money to pay for goods, services, etc.

1. Do your parents give you an allowance? (= Do you get pocket money?)

2. How much do you get?

3. What do you spend your money on?

4. Are you good at saving money?

5. Are you saving money right now to buy something expensive that you really want to have

6. When you buy something, do you "shop around" and go to many stores to compare prices?

7. What was the last thing you spent money on?

8. What is the next "big" thing you are going to buy?

9. What is the most expensive thing you've ever bought?

10. What would you love to buy but you can't afford?

11. Have you ever found a banknote?

12. Have you ever lent money to someone? Who?

13. What did he/she need the money for?

14. Have you ever borrowed money from someone? Who?

15. What did you need the money for?

16. Do you play the lottery? slot machines?

17. Have you or your family ever won any money in a lottery?

18. If you found 500 euros in a wallet on the street, what would you do? Would you keep it or go to the nearest police station?

2. Teaching Children About Money

Many parents give their children small amounts of money each week called allowances. Some parents ask their children to do work around the house to earn the money. Having this small income helps children learn about the cost of goods and the value of money. It also helps them learn what it is like to have a job and earn money for doing it well. Many parents give their smaller children "piggy banks." Children collect their coins in these containers and learn about saving money.

Suze Orman is a well-known American financial expert. She gives advice about money on television and in her articles and books She suggests that parents set clear limits with their children when shopping. And she says parents should explain where their money comes from to show children the value of working and earning money. Miz Orman also says it is important for parents to show their children how they pay for living expenses such as energy, telephone and water each month. This will help the child understand what it costs to live. And, she suggests teaching young adults about credit cards and the dangers of owing too much money.

Christy Levings has taught elementary school children in the state of Kansas for over thirty years. Her money lessons include teaching students about financial centers like the Federal Reserve Bank in Kansas City. She also helps her students create imaginary businesses. She gives the children an amount of money for wages. She helps them imagine what it would be like to run a business and plan a budget. She also advises her students to have good habits like counting their change when they make a purchase.

Christy Levings says many students have asked their teachers questions about the current financial crisis. She says children hear their parents talk about the failing economy. She says the role of teachers is to be calm and supportive. Miz Levings says teachers are telling students that Americans must make careful choices and help each other during this difficult economic period.

Paragraph 1:

Find a NOUN meaning 'a quantity' This noun is__ Find a NOUN meaning ‘a salary'. This noun is___

Find a NOUN meaning 'products'. This noun is__

Paragraph 2:

Find an ADJECTIVE meaning 'famous'. This adjective is________

Find a NOUN meaning 'things that makes you spend money'. This noun is_____.

Paragraph 3:

Find a NOUN meaning 'a salary' This noun is____ Find a VERB meaning 'to manage’ This verb is_______

Paragraph 4:

Find an ADJECTIVE meaning 'happening now of the present time'. This adjective is_____.

Find a VERB (present participle) meaning 'not to be successful' This verb is_.

Find an ADJECTIVE meaning 'prudent'. This adjective is__

Q. 2 True or False? Justify by quoting the text.

a. Many parents give their children a lot of money.

b. Some children have to do something to get some money.

с. According to Suze Norman, parents should not say anything about what their children buy.

d. Christy Levings uses role play to teach her students about money.

Q. 3 Make a list of the advantaqes of teaching children about money.

Q. 4 Make a list of the advice given to parents and children in the article.

Translate the words

wallet

bill

purse

cash

piggy bank

credit card

coins

notes

cashier

bank

cheque book

cash machine

stock exchange

one penny coin

currency signs

cash point

3. Put these money related words into appropriate columns:

account

to save up

wage

bargain

bonus

profit

generous

mean

credit

to cost

income

to inherit

bill

purse

to invest

currency

poor

to borrow

wealth

salary

fee

to lend

price

deposit

cash

prosperous

worth

rich

value

to pay back

to make ends meet

to run out

donation

wallet

cheque book

wealthy

to pay into

fine

income tax

worthless

to spend

to earn

tip

loan

shares

banking	buying	earning	giving	verbs	adjectives	other words

4. Match

as poor as a church mouse	to cost a lot of money
at a premium	to be able to live on very little money
cash-and-carry	to be very poor
cost a pretty penny	to earn enough money to live
down-and-out	money gives one the power to get or do what he or she wants
feel like a million dollars/bucks	the face of a coin or the other side of the coin
foot the bill	to pay the costs for something
get along on о shoestring	the money that someone has saved up
heads or tails	at a higher price than usual because of something special
in the hole	having no money
live beyond one's means	to feel wonderful, to feel well and healthy
make a living	to be in debt, to owe money
money talks	to pay for something
nest egg	to live on less money than usual
pay one's own way	to spend more money than you can afford
sit on a goldmine	to own something very valuable (and often not realize this)
tighten one's belt	a product, service, or business division that generates a lot of cash for the company, without requiring much investment
cash cow	selling something for cash only and with no delivery

You can't force anyone to love you or lend you money. A penny saved is a penny earned.

He who knows how to be poor knows everything.

5.Match.

TIP	Automated Teller Machine	Money in notes and coins	pocket money
ATM	Coins or bank notes	Money you get back when you buy something	cash
Cash	The money used in a country	Money you get paid every year for working	change
Currency	Money owed by one person to another	Money you get paid for dang a job	wages
Loan	To put money into business	Money parents give their children	salary
Withdraw	Take money from a bank account
Interest	Money paid for borrowing or investing money
Invest	Small sum of money given to a waiter, taxi driver, etc.

6.Match.

If you work, you ___________ money.	pay
If you go shopping, you ___________ money.	spend
If you buy something, you ___________ for it with cash or a credit card.	waste
If you don't use your money carefully, you ___________ it.	invest
If you haven't got enough money, you ___________ it from friends or from the bank.	earn save
If you want to ___________ money, you put it in the bank, or you ____it in a company and hope the company is successful.	borrow

Look at the different types of money. Which words describe British money, and which describe American?

a ten pence piece a quarter a one pound coin a dollar bill a five pound note a penny

a dime fifty cents

Find the following from the list of words below.

a bill

a cheque

a bank account

a share

a credit card

a fine

a fare

a wallet

a purse

a piggy bank

a money belt

a debit

card

3 ways to pay for something

3 things you carry money in

3 things you must pay money

3 ways to save