B*** better have my money!

➢ Do you recognize the quote from above?

➢ How important is money in your life?

A. Read the text and answer these questions in group

Why do we need money?
Money is an important part of life. It is used to buy food, clothes, pay for services and even for leisure
activities. In order to make money, most people have to work hard and be productive.
However, money can also be a source of stress. People may worry about not having enough
money to cover their needs or to do the things they want to do. Others may find themselves in debt
and be unable to get out of it.
In order to manage money effectively, it is important to plan ahead. Make a budget and try to
stick to it. Consider what you need and what you want, and prioritize accordingly. Also, try to save as
much as possible. This will help you in case of an emergency.
Additionally, try to avoid taking on too much debt. Interest rates can be high and repayment
can be difficult. If you do take on debt, make sure you understand the terms and conditions before
signing any agreements.
Finally, be careful with credit cards. They can be a convenient way to pay for goods and
services but if used unwisely, you can end up in serious financial trouble. Be aware of how much you
owe and always make sure you can afford to make the payments.
Overall, money is an important part of life and it is important to manage it wisely. With good
planning and discipline, you can use money to make your life easier and more enjoyable.

1. What is the most important thing to you when it comes to money?

2. How do you think people can best manage their finances?
3. Do you think having a budget is important for financial success?
4. Are there any tips or tricks that you use to save money?
5. In what ways do you think technology has changed how we handle our money?
6. What are some of the biggest challenges people face when it comes to managing their money?
7. Do you think it's possible to become wealthy without taking risks with your money?
8. What advice would you give someone who wants to start investing in stocks and bonds?
9. What do you think are the benefits of having multiple sources of income?
10. Do you think it's better to pay off debt or invest money first?
 B. Essential Vocabulary

Use the following words to complete the sentences: spend – save – cash – to earn – to manage – to
owe – to pay – income – savings – expensive – cheap – strike it rich - go Dutch – tighten one’s belt

1. She was happy to have saved to money ________________ on a new car.

2. He was wise to avoid spending his ________________ irresponsibly and instead put it towards his
savings.
3. The businessman ________________ enough money to pay off all the debts he owed.
4. By ________________ her finances carefully, she saved herself from serious financial troubles.
5. They know that they ________________ more money than they can possibly pay back.
6. Relying primarily on his single ________________ source, he found it difficult to pay his hefty bills.
7. His ________________ enabled him the opportunity to buy an expensive piece of art.
8. Looking for budget options, he decided to purchase a rather ________________ hat as a gift.
9. As the economic situation worsened, she had ________________ by cutting down on non-
essentials.
10. When out with friends, they agreed ________________ and split the bill equally.

C. Discussion
1. Discuss in groups some of the advantages and disadvantages of having money. Justify your
answer.

D. Listening for understanding

Watch the video and answer the questions.
1. What stereotypical image is associated with the term economist?
2. What does the speaker think of the lack of representation of women in economics?
3. What inspired the speaker to choose economics?
4. Why did the speaker think learning about economics would be beneficial?
5. How did studying economics help the speaker to view the world?
6. What advice does the speaker have for people interested in economics?
7. How is economics seen as relating to other aspects of society?
8. What are the advantages of studying economics according to the speaker?
9. What challenges did the speaker face in choosing economics?