English Learning Guide

Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
Name: Cohort: Date:
Training program: Instructor:

PERSONAL/FAMILY/CORPORATE FINANCES/ IDENTIFICATION OF FINANCIAL NEEDS

This workshop attempts to help you improve your knowledge about finances at your personal, familiar
and labor context, learning basic concepts, identifying similarities and differences, and making oral
presentations. You will learn about Financial Education and how to apply it with yourself and others.

Objective: From the development of these activities, you will be able to talk about finances in your
personal, familiar and labor settings.

1. Work in groups and discuss the following questions:

- What are personal finances for you?

- How do you organize your family finances?
- What do you know about corporate finances?
- What do you think are your financial needs?
- Share your answers

2. Look for the meaning of the following vocabulary:

WORD/ MEANING/DEFINITION
EXPRESSION
wage
tip
income
side business
mortgage
taxes
insurance
toll
debt
Bottom line

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Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
2.1. Fill in the simple personal budget format and check if your personal finances are
organized or not and why?

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Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
3. Skills practice: Do the following activities to practice the learnt vocabulary and
English structures.

3.1. Listening practice: financial education and money management

Before watching the video, discuss:

- Share your experience managing your money.

- How do you plan your finances? Weekly? Monthly? don’t plan them?
- What is the importance of Financial Education for Young people?

Watch the video, make notes, and answer or complete the following statements:

- What do you need to be good with money?

- Mention the three basic steps to make the most of your money
, ,
- What do you understand for overspending?

- What is it to have an emergency fund?

- Mention 2 examples of emergency expenses

Complete the following chart with the basic actions/characteristics of each step for money
management.

Step 1: CREATE A BUDGET Step 2: SET SAVINGS GOALS Step 3: TACKLE YOUR DEBTS

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English Learning Guide
Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
3.3. Reading practice

Before Reading the text, discuss the following questions:

- Do you save money? What do you save money for?

- Do you have a role in your family finances? Yes? No why?

Identify the key words from the text. Match each Word with its right definition, check
their pronunciation in English with your instructor´s help 1.

1
Taken from: https://printableworksheets.in/ finance-vocabulary used by SENA for pedagogical purpose, exclusively.

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English Learning Guide
Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
What is Personal Finance? 2

Personal finance is everything to do with managing your money and saving and investing. It covers
budgeting, banking, insurance, mortgages, investments, retirement planning, tax planning and
estate planning. It often refers to the entire industry that provides financial services to individuals
and households, and advises them about financial and investment opportunities.

Top 10 Useful Tips For Personal Finance: In the current global financial climate, we are all looking
for ways to save money. And even if you are not struggling right now, it is a good time to take
control of your personal finance, and prevent any potential problems in the future. For some
people, financial issues can do nothing but give you a headache. But you do not have to be a
mathematician or an accountant to understand how to take charge of your own personal finance.

1. Don't Spend More Money Than You Earn

2. Take Care of the Important Things
3. Look to Save On Everyday Items
4. Don't Skimp on Quality
5. Take Care of Bills Early:
6. You Do Need Insurance, But Look For Ways to Save
7. Don't Buy Things You Don't Need
8. Start Saving Now
9. Budget
10. Don't Stress, But Be Careful

Family Finances3

All income, expenses, and financial accounts related to the maintenance and upkeep of an entire
family household. This includes all sources of income including wages, investments, savings
accounts, and trusts. Expenses include items such as mortgage or lease payments, car
payments, utility bills, grocery bills, retirement plan contributions, insurance,
education, taxes, credit card payments, clothing and other sundry purchases.

1. Make a financial plan for your family

2
Adapted from https://www.investopedia.com/terms/p/personalfinance.asp used by SENA for pedagogical
purpose, exclusively.

3
Adapted from http://www.investorwords.com/19074/family_finances.html#ixzz5fEawEHiG used by SENA for
pedagogical purpose, exclusively.

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Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
2. Looking at your family’s current spending.
3. Identify unnecessary expenses:
4. Plan with financial goals in mind for your family:
5. Don’t just save – instead, improve your situation:
6. Involve the whole family in your financial planning

By being open about your financial successes, worries and goals you can better understand what
you are trying to achieve as a family and make sure you’re on the right path.

Corporate Finance4
The division of a company that is concerned with the financial operation of the company. In most
businesses, corporate finance focuses on raising money for various projects or ventures.
For investment banks and similar corporations, corporate finance focuses on the analysis of
corporate acquisitions and other decisions.

How important is a Company’s Capital Structure in Corporate Finance? A company’s capital

structure is crucial to maximizing the value of the business. Its structure can be a combination of
long-term and short-term debt or common and preferred equity. The ratio between a firm’s

4
Adapted from: http://www.investorwords.com/6773/corporate_finance.html#ixzz5fEcT8OI0
https://corporatefinanceinstitute.com/resources/knowledge/finance/corporate-finance-industry/ used by SENA for
pedagogical purpose, exclusively. Image: CFI’s free introduction to corporate finance course.

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English Learning Guide
Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
liability and its equity is often the basis for determining how well balanced or risky capital
financing is.

A company that is heavily funded by debts has a more aggressive capital structure and therefore,
potentially holds more risk for stakeholders; however, this risk is often the primary reason for a
company’s growth and success.

According to the text, answer the following questions:

- Mention 5 aspects include into personal finances?

- What is the importance of budgeting and saving money?

- Why is necessary balance equity and debt in capital financing?

3.2. Speaking practice: oral presentation

Based on the previous reading and according to your instructor’s orientation, prepare
an oral presentation about the topics above and exemplify the topic assigned. Use
additional materials and complementary information. Follow the links below:

- Personal finances:
https://www.investopedia.com/terms/p/personalfinance.asp
- Family finances:
http://www.investorwords.com/19074/family_finances.html#ixzz5fEawEHiG

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Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
- Corporate finances:
https://corporatefinanceinstitute.com/resources/knowledge/finance/corporat
e-finance-industry/

3.4. Writing Practice: Needs Vs. Wants

You may have many things you want and need. Fill in the format below taking into account your
financial capability and personal needs5
I need… Less important More Important
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
I want … Less important More Important
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

Extension activities: the extension activities will help you improve your performance in the topics.
You need to reach at least five hours of practice on your own.

- For further information, listening practice, pronunciation, and more about this, check the
link below to a YouTube video: https://www.youtube.com/watch?v=5DXKOlr7SeI
- For more about investment fundamentals, visit:
https://www.youtube.com/watch?v=dXhceWYePsc
- To expand information about financial literacy:
https://www.youtube.com/watch?v=WVfaxLDyrTc
- To learn and practice financial terms and vocabulary:
https://www.youtube.com/watch?v=aQeeX7xyOWI
- To identify the concept of financial capability:
https://www.youtube.com/watch?v=pUbv6CpXmSI
- To deepen on financial education: https://www.young-
money.org.uk/planning-teaching/introduction-what-financial-education

5
Taken from: https://printableworksheets.in/ worksheet/needs-vs-wants used by SENA for pedagogical purpose,
exclusively.

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English Learning Guide
Competency 1
Unit 6: Financial Education
Workshop 2
Centro de Servicios Financieros- CSF
- For more information about how to manage family budget, visit:
https://www.youtube.com/watch?v=KDx4PbXhK4w

- For more about corporate finance, visit:

https://www.youtube.com/watch?v=fmiaT7aaESo

- Based on your instructor’s orientation, explore the following websites and

practice the English structures. Do at least 2 activities from each topic studied
in class and deliver them to your instructor: http://www.esl-
lounge.com/student/grammar-guides/grammar-beginner.php and
https://agendaweb.org/

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