GE|Adults|Advanced|18. «Money talks»

pic9_Spoken|Pre-Int|L10

Answer the questions

1. How many ways of earning a fortune can you think of?

2. Which are the easiest/most risky/quickest?

3. Have you ever had a money-making idea? Did you put it into action? Why?

4. What would you be willing to spend a fortune on?

5. Does managing your budget bother you?

pic1_Spoken|Pre-Int|L10

Work out the meaning of the idioms

1. Money doesn’t grow on trees.

2. He’s really tight-fisted.

3. It must have cost an arm and a leg.

4. They can’t make ends meet at the moment.

5. We’re in the red. (opposite: in the black)

6. It’s daylight robbery!

7. We’re going to have to tighten our belts.

8. Those two are definitely living beyond their means!

Match the nouns to their definitions. Then listen and check the pronunciation

pic10_Aloha|Shopping|Pre-Int


Money Nouns

  1. budget
  2. grant
  3. loan
  4. fee
  5. fare
  6. savings
  7. donation
  8. fine
  9. instalment
  10. deposit
  11. will
  12. lump sum


Listen to the sentences and agree or disagree with them explaining the words and phrases in bold


1. We live in a consumer society, which is dominated by spending money on material possessions.

2. The standard of living in many European countries is lower than it was ten years ago.

3. People’s income has gone up, but inflation is high, so the cost of living has also risen.

4. House prices are rising and people can’t afford to buy a home.

5. Online banking allows people to manage their accounts, e.g. check their balance and make transfers and payments.

6. People who have loans have to pay high interest rates.

7. A lot of people are in debt and have problems getting a mortgage to buy their first home.

8. Some people make money by buying and selling shares on the stock market.

9. Our currency is unstable and exchange rates fluctuate a lot.

10. A lot of small businesses went bankrupt during the recession.


Read the biographical information about Sarita Gupta and Muhammad Yunus and answer the question

Sarita Gupta

From Wikipedia, the free encyclopedia

Sarita Gupta is an executive with more than 25 years’ experience of promoting awareness and raising funds for international non-profit organizations. She’s worked for different initiatives that fight poverty around the world. From 2007 to 2010, she was the Vice-President of Development and Communications at Women’s World Banking. The mission of Women’s World Banking is to strengthen and expand its global network of microfinance institutions and banks, to help low-income women to have access to financial services and information.


What is the link between them?


Sarita Gupta

From Wikipedia, the free encyclopedia

Sarita Gupta

Sarita Gupta is an executive with more than 25 years’ experience of promoting awareness and raising funds for international non-profit organizations. She’s worked for different initiatives that fight poverty around the world. From 2007 to 2010, she was the Vice-President of Development and Communications at Women’s World Banking. The mission of Women’s World Banking is to strengthen and expand its global network of microfinance institutions and banks, to help low-income women to have access to financial services and information.


Muhammad Yunus

Muhammad Yunus is a social entrepreneur, banker, economist, and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs who are too poor to qualify for traditional bank loans. In 2008, Yunus was rated №2 in Foreign Policy magazine’s list of the ‘Top 100 Global Thinkers’.


Muhammad Yunus

Muhammad Yunus

Muhammad Yunus is a social entrepreneur, banker, economist, and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs who are too poor to qualify for traditional bank loans. In 2008, Yunus was rated №2 in Foreign Policy magazine’s list of the ‘Top 100 Global Thinkers’.


Listen to Sarita Gupta and complete the sentences

Glossary

aid [eıd] money, food, etc. that is sent to help countries in difficult situations

collateral [kə’lætərəl] noun property or something valuable that you promise to give to somebody if you cannot pay back money that you borrow

peer [pıə] noun a person who has the same social status as you

Interviewer Sarita

Interviewer: Where did the idea of microfinance come from?
Sarita: The idea behind microfinance again goes back to the mid-70s. There had been, by that time, several decades of what we call the Western World giving massive amounts of aid to the developing world and a realization that a lot of it was not working, there were still many people who were left poor. So, you know, Muhammad Yunus is credited as being the father of microfinance, he’s an economist living in Bangladesh, a very poor country, and he looked around and he said — what, what is it that the poor lack, what is that they need? And the answer is obvious, they need money and all of us, in order to get started have had access to credit. So, the poor can’t get access to credit, they can’t go to relatives to borrow because generally the relatives are as poor as they themselves are and they certainly cannot go into a bank and borrow because they have no collateral.
Interviewer: How did Dr Yunus solve these problems?
Sarita: There are really three innovations that he came up with that are brilliant in, in hindsight. One was, OK, the poor have no collateral, but let’s figure out a way to create collateral which means, collateral is basically if you’re not going to pay back the loan, that somebody’s held responsible. So he came up with a lending methodology where there was a group of peers that were given the loan and they would be lending to each other and the group held each member accountable for paying back. The second innovation that he came up with is that it is very difficult for the poor to gather a lump sum to pay back a loan, but if you can break up that payment into very small regular payments that are coming out of your daily income, then it’s feasible to pay back the loan. So what micro-credit did was, to break up the, the loan payment into these very sort of regular small payments. And the third was really an incentive system, that the poor were not encouraged to borrow a large amount, they only borrowed what they could use in their business and then pay back, and if they paid back successfully then they were eligible for a larger loan.


pic1|GE|Adv|L18


Read and listen to the dialogues and work out the meaning of the words in bold

Slang

Slang refers to very informal words and expressions that are more common in spoken language. Some slang words (though none of the ones below) can be offensive or taboo.


Lisa Lucas

L: Nice car! How much are you going to ask for it?

L: Five grand. What do you think?

Oliver Elizabeth

O: I need five bucks for the subway.

E: Sure, here you are.

Henry Sofia

H: Great hat! Was it expensive?

S: No, only five quid. I got it in a charity shop.

Mia Jacob

M: What’s the building work going to cost you?

J: About 50K. We’re redoing the kitchen as well.

Choose the right option


Discuss the questions with your teacher

Do you know anybody who

  • was given a grant to study abroad?
  • buys and sells shares on the stock market?
  • charges very high fees for what they do?
  • has difficulty making ends meet?
  • often gives donations to charity?

Read the information in the box and listen to the extract from the interview

pic2|GE|Adv|L18

Distinguishing between US and UK pronunciation

Although people speaking US English will almost always be understood in the UK, and vice versa, there are several differences in pronunciation between Standard English and General American, apart from all the regional accents. Understanding these differences will help you to follow American English more easily.


«And the answer is obvious, they need money. And all of us, in order to get started, have had access to credit. So, the poor can’t get access to credit, they can’t go to relatives to borrow because generally the relatives are as poor as they themselves are.»


Listen to the audio. How does the pronunciation differ?


«And the answer is obvious, they need money. And all of us, in order to get started, have had access to credit. So, the poor can’t get access to credit, they can’t go to relatives to borrow because generally the relatives are as poor as they themselves are.»

Listen to the audio paying attention to the difference in pronunciation of the words

pic2|Business|Pre-Int|L14 pic1|Business|Pre-Int|L14


Listen to the words and choose the appropriate accent (UK or US)

pic2_Adults|Grammar|Int|L28

Answer some of the questions below

1. Would you say you’re good at saving money? Why (not)?

2. Do you have any strategies for saving money, e.g. when you’re shopping?

3. Do you know anyone who has been a victim of credit card fraud?

4. Do you know anyone who found that money had been mistakenly paid into their bank account?

5. Did you have a Saturday job or summer job when you were younger? What kind of work did you have to do?

6. Do you have any skills that could bring you extra income if you needed it?

7. Do you prefer spending money on things (e.g. clothes, gadgets, etc.) or experiences (e.g. holidays, concerts, etc.)?

8. Where and when do you tend to give tips? What factors influence your decision to give a tip or not?

Complete the missing words

pic2|GE|Adv|L13


Order the letters to make synonyms of rich or poor

pic7_Spoken|Pre-Int|L10

Complete the second sentence so that it means the same as the first. Use an idiom with the words in the gaps

pic3|GE|Adv|L18

Can you tell the difference between US and UK accents? Listen and choose US (US accent) or UK (UK accent)

  1. I have two sons. One’s 20 and the other is 24.
  2. I sometimes wish I could grow a moustache.
  3. My daughter is so clever. She’s going to be a doctor.
  4. I watched an awesome documentary last night.
  5. We can’t decide which route to take for our journey.
  6. Their new house is bigger than their old one.
  7. Which address should I send the application form to?
  8. Police are making inquiries into the theft.
  9. Are you going to the Christmas party?
  10. I just can’t survive without coffee in the morning.


pic4|GE|Adv|L18

Read the text below and think of the word that best fits each gap. Use only one word in each gap

Read the task and prepare your three-minute speech answering the questions on the topic «Money talks»


1. What would you be willing to spend a fortune on?

2. What is for you an example of throwing away money?

3. Do you think you ever waste your money?

4. Does managing your budget bother you?

5. How do you feel when you cannot stick to your planned budget?


Allow your browser access to your microphone, press the button «Record» and record the speech you have prepared

Урок Homework Курс
  • Warm-up
  • Money idioms
  • Money and society
  • A link between the two
  • Sarita Gupta
  • Money slang
  • Confusing words
  • US vs UK accent
  • Hear the difference?
  • Money talks
  • Money
  • Idioms in use
  • US vs UK
  • One word
  • In my opinion