Personal Finance - The Money Issue


Vocabulary activity
1.Match the terms on the right with the definitions on the left:


1.Savings

A)The opposite of “lend”.
2.Account

B) A loan to buy a house or property.
3.Withdraw (Verb)

C) Obtain money from a job.
4.Afford (Verb)

D) The opposite of “save”.
5.Notes and coins

E) To be able to pay for goods, services, etc.
6.Cashier

F) A record of money a person deposits into a bank
7.Currency

G) The opposite of “deposit”.
8.Borrow (Verb)

H) Use money inappropriately.
9.Mortgage

I) The money you obtain from work or capital.
10.Earn (Verb)

J) Dollars, Euros, Yens, etc.
11.Piggy bank

K) Paper and metal money
12.Spend (Verb)

L) Have a money debt.
13.ATM
M) An employee of a bank or building society who receives and pays out money.
14.Income

N) A container for coins saved.
15.Waste

0) Money that you have.
16. Owe (Verb)

P) A cash machine


2.Read the following story and use some of the terms above to complete the blanks.



Bob and Jimmy are twin brothers. Bob works in a bakery and (1) .....................................$25,000 a year. His brother Jimmy is a business man and makes over $75,000 a year.
Bob (2).................................... most of his income and only (3)......................................  some on food, transportation, and some inexpensive hobbies that he can  (4).................................., such as music and books.  He is also paying a (5)...................................  for his apartment too but he manages very well. He always has some funds left when he wants to (6)................................... cash from an (7).........................................
However, Jimmy was never the kind of kid that saved his coins in a (8)....................................... He’s not very careful with his  (9)...................................... and he spends it all.  He loves luxury cars, dining at expensive restaurants, and weekend trips to the mountains or to the beach. And he (10) ................................... most of the money he has left on gambling at the casinos in Las Vegas.
Even though Jimmy has a higher salary, he often (11).................................... money from Bob because his (12)................................. is usually empty. Bob always has some (13).................................. at home or in the bank. The bad thing is that  Jimmy usually forgets to pay him back so he (14).............................. him a fortune.




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