Money and lifestyle (lesson 3)

1. Money and lifestyle

Discussion Questions:
• Which do you enjoy more: earning money or spending
money?
• How do you feel after spending a large amount of money?
• Do you save enough money? What savings goals do you
have?
• How do you prefer to pay for purchases? With cash, a credit
card, or some other payment method? Why?
• What was the first job or task you ever received money for?
How much were you paid?
• Can you recall (without looking) who and what are on your
country's bank notes and coins? Why are they famous or
important?
• Have you seen another country's money? Which countries
have beautiful notes or coins?
• How often do you think about money? Is money a stressful
part of life?
• What does 'money doesn't grow on trees' mean? Do you
agree?
• Of the things you have bought in your life, which do you
remember most happily?
• Is there something you regret buying? Why?
• Do/Did you receive pocket-money/an allowance (when you
were a child)? Is/Was it enough for you? What do/did you
usually spend it on?
• If a young person wanted to know what career they should
pursue to make as much money as possible, what would you
recommend they do?
• Do you and your friends lend money to each other? How
much are you willing to lend or borrow?
• When you are walking around a big city, where on your body
is a safe place to keep money? Is it safe in a handbag?
• What would you do if you found a brown paper bag with one
thousand dollars in it on the street?
• Imagine you have won a million dollars. Who will you tell?
What will you do with the money?

2.

3.

4.

Are you a spender or a saver?
Minimalism | 20 Things I Stopped Buying
https://www.youtube.com/watch?v=KKbPoVtoKfA
Watch the video, name the things the woman has stopped buying and why it is a
good idea.
Make a list of things you can stop buying or doing to spend less money. Is there
anything you’ve already stopped buying/doing?
1.
2.
3.
4.
5.
…

5.

The Present Perfect Simple / The Present Perfect Continuous

6.

How to manage your money (to start from 0.55sec)
a visual representation
a mortgage
to stand for
insurance
savings
utilities
keep in mind
a shelter
after-tax salary
living expenses
4. What examples of ‘wants’ does the speaker give?
net income
a layoff
5. What do 20 per cent represent?
gross pay
a student loan
6. What’s an emergency fund?
50 grand a year
an avalanche
expenses
retirement
housing
to budget sth towards sth
https://www.youtube.com/watch?v=HQzoZfc3GwQ
1. What’s the 50/30/20 rule about? What do the
numbers stand for?
2. What do regular needs consist of?
3. What is the difference between needs and ‘wants’?
Is money important in your life?
Are you good at managing finances?
Why/Why not?
Do you/your parents plan the family budget?
What is the secret to being rich?
a minor inconvenience
Netflix and hulu – online TV
services
overflowing
to be in debt

7.

Read about habits of two billionaires. Do you like their ideas? Are you
going to start doing the same? Why/why not?

8.

15 Things Poor People Do That The Rich Don’t
https://www.youtube.com/watch?v=nllZrOoxpzc&t=11s
Watch the video and name the 16 habits. Add more details – say
why these are bad things.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.*
Do you have any of these habits?
Do you agree with the speaker about all the points in the video?
Why (not)?
introduction:
mediocrity
with a grain of salt
current situation
to better yourself
to take offence
room for improvement
valuable
exceptions
give sb a (slight) edge
#1
waste time on sth
meaningless
a distraction
to grab sb
to let go
a celebrity
to date sb
gossip and buzz
to aim to do sth
an issue
to deal with a problem
to be aware of sth
biased
to have a quick glimpse at
#2
nutrition
blast the brain with
quantity
to ruin
to perform at 100% of sb’s potential
to suffer
#3
stocks
to end up being on sale
#4
to educate yourself
to be far behind from
to focus on growth
success rate
to stay afloat
inspiring people
#5
an athlete
escapism
have no impact on the outcome (of)
a spectator
an owner
#6
a made-up fact
it turns out to be
a must
a counterpart
a ramification
to attract
ridiculous

9.

#7
an excuse
you are in charge of sth
relationship
to victimize (themselves)
to look into sth
vulnerable
victim
a growing point
#8
resume your life
to liquidate an asset
to belong to the creditor
an opportunity arises
take advantage of
#9
to make use of sth
to generate money
a supreme gear
to be on credit
#10
the truth
give it a sense of perspective
a developed country
to raise a child
a lack of
bad environment
standards of living
prime conditions
to flourish
the struggle
to achieve
#11
a disease
to neglect
to cost a fortune
#12
to spiral down
to part with
to affect sth
#13
to hang out with sb
surrounded by
to affiliate (themselves) with
to reinforce
to do incredible things
to exceed
to double-check
to step away from the crowd
#14
dedicate yourself to
to implement
to be passionate about sth
get feedback
launch sth
#15
to owe sb sth
to quit
face it head on
the majority
to fail
to do sb a favour
the ending
the chaos
to rely on
forces
to reward
an atheist
to consider a position of
to change sb’s stands
to be accountable for

10. A letter to a friend (the format for the basic state exam)

11.

A sample letter

12.

Practice