LISTENING UNIT 8

hi Jerry so nice to meet you please have a seat thanks mr. young so it is this
your first time visiting with a financial advisor yeah it is for me too okay
that's fine now in preparation for our meeting you are asked to do a little
homework to create a budget of sorts on your own did you get a chance to
do that yeah we did but it was tough I don't see how it's going to work and
you how do you feel pretty much the same but if we don't get things under
control we're going to be in big trouble from looking at your expenses I
agree with you there okay next question any idea how you got into this
situation credit cards we splurged last year we bought a new entertainment
center for the apartment when on vacation to the Bahamas I bought a new
car basically we spend a lot of money on things we didn't need and now
we've maxed out all our cards and we don't have any kind of financial plan
we're living paycheck-to-paycheck I'm having anxiety attacks just thinking
about it what's going to happen if one of us loses our job let's take this one
step at a time see if we can lessen your anxiety okey this situation certainly
isn't hopeless one thing to do is to start tracking your expenses then make
cutting back on these expenses a priority that's easier said than done okay
so where do we start the first thing to do is to eliminate some of your bigger
expenses bring down the costs but let's see joel you're making payments
on a new car aren't you? yes I am well one thing I'd suggest right off the bat
is for you to sell that new car Uhmm hate to lose my car get a used one that
the payments will be much more manageable okay I guess I can accept that
honestly how will we ever pay off credit cards hold on a second we have to
start slowly and be focused before you can get out of debt you have to start
spending less money in general making some small changes now let's look
at your daily habits you have cable TV right yeap, now and what about
magazines subscriptions did you calculate that for me yeah we spend about
half of the $250 a year on magazine the cable bill runs about I don't know
what is it about I don't know what is it about 50 bucks a month I think it's
more like 60 so that comes out to about $720 a year okey so let's say we
cut back on their half of the magazine that's a hundred and $25 a year plus
eliminate the $720 for cable that's almost $900 saved over a year and we
hardly watch TV anyway seems doable to me this is the way we need to look
at that what about entertainment things like going to the movies concerts
Club in going out to eat well we don't really go out that often maybe we go
to the movies or see bands somewhere once or twice a month and we do
meet friends for dinner Saturdays but most of the week weed at home but
we do get takeout at the Chinese restaurant about once a week oh yeah and
I usually grab a cup of coffee in the morning on my way to work does that
count you know if you're by a cup of coffee every morning and can really
add up just think about how much you spend every day now think about
how much that coffee will cost you over 10 years wow I have no idea yeah I
suggest taking your own home another great way for us to save

VOCABULARY
financial advisor
budget of sorts
did you get a chance to do that?
tough
splurged
maxed out
living paycheck-to-paycheck
let's take this one step at a time
see if
tracking
cutting back
that's easier said than done
bigger expenses
bring down
right off the bat
get a used one that
pay off
have to start slowly and be
focused before you can get out of
debt
bill runs
bucks
comes out
look at
that often
we do get takeout
add up

asesor financiero
presupuesto de clases
Tuvieron la oportunidad de hacer eso?
difcil
derrochado
llegado al mximo de
cheque a viviendo de cheque
vamos a llevar esto un paso a la vez ver si
Rastreo
Recortando
Es ms fcil decirlo que hacerlo
mayores gastos
Reducir
de buenas a primeras
conseguir uno usado que
Saldar
hay que comenzar lentamente y estar
concentrado antes de poder salir de la
deuda
factura extiende
Dlares
Sale
mirar
tan frecuente
lo que hacemos conseguir comida
preparada
agregar