Unit III Money, Finance, and You

Page 26. Exercise A FRAME YOUR IDEAS.

Exercise A

FRAME YOUR IDEAS Take the test to learn about your personal spending style.
Circle the letter that best describe you.

1. B. Compare prices online so you can get the best deal right away.

2. B. Try to find a nice gift that’s not too expensive.

3. B. Have the pants repaired.
4. C. Decide you have more important spending parities than buying an
entertainment system.

5. C. Ask the others to treat you, since your amount was so small.

In this exercise I circled 3 or more B. According with the test I’ve got a good
head on my shoulder about money and my motto is: Everything is moderation.

Page 27. Spotlight exercises E, F

Exercise E

UNDERSTAND IDIOMS AND EXPRESSIONS Match the expressions from

spotlight with their meaning.

c 1 way over our budget a. Promise

b. Very, very high
b 2 astronomical c. More than we can spend
d. Pay
e 3 chip in
e. Contribute some of the cost
f. Kept some money in the case an
f 4 saved up a little for a
emergency
rainy day
g. Something you buy without thinking
g 5 impulse item much about it
h. Something that’s right
i 6 gimmick i. A valueless feature
j. Really want
j 7 have your heart set on
 a 8 word of honor

d 9 shell out

h 10 matter of principle

Exercise F

THINK AND EXPLAIN Support your answers to the questions with information from
spotlight.

1. In your opinion, will Brad buy the smart bike for himself?

Definitely not.

2. Do you think Brad sees his dad as a big spender, thrifty, or a cheapskate?
How does his dad see him?

He thinks his father is thrifty, in fact he proposed to help him with the payment.

Page 29. Grammar Practice, exercise F

Exercise F

UNDERSTAND THE GRAMMAR On a separate sheet of paper, rewrite the

statements and questions, changing wish or if only + the past perfect to should or ought
to have

1. She wishes she had bought a new car

(ought to) She ought to have bought a

new car.

2. Do you wish you had read the owner’s manual before you tried to use the
espresso marker? (should)
Should you have read the owner’s manual before tried to use the espresso
maker?

3. We wish we had gone to a discount store instead of this fancy department

store (ought to) We ought to have gone to a discount store instead of this
fancy department store.

4. If only I hadn’t been in such a hurry to sell my

house! (should) I shouldn’t have been in such a
hurry to sell my house!
5. Doesn’t he wish he had taken the tutorial for his new
computer? (should) Shouldn’t he have taken the tutorial for
his new computer?

6. I wish I hadn’t bought this gimmicky basketball

shoes! (should) I shouldn’t have bought this
gimmicky basketball shoes!
Page 30. Make personal Comparisons, exercise B

Exercise B

MAKE PERSONAL COMPARISIONS Discuss the question.

1 How are you similar or different for any of these people in the Grammar Spotlight?

I'm a bit like Hana, I almost always set long-term goals like buying a car, buying a
house, going on vacation, etc. But for do that things it is important to saved money.

2 Do you cut back on your spending to buy something you want? Are you financially
independent? Give specific examples from your own life.

I am not financially independent at this time, but I always try to manage under a budget
and I have the payments of the house bills pending so that there are no arrears that
generate unnecessary additional charges.

Page 31. Exercise E, F, G

Exercise E

GRAMMAR PRACTICE On a separate sheet of paper, use the cues to write

sentences with the future perfect.

1. By the end this month /I/ put half my paycheck in the bank.

By the end this month I will have put half my paycheck in the bank.

2. By next summer / Stan / save enough to make a down payment on an apartment.

By next summer Stan will have saved enough to make a down payment on an
apartment.

3. Do you think you / lower / your credit card debt by December?

Do you think you will have lowered your credit card debt by December?

4. When / they / start / spending less than they earn?

Will they have started spending less than they earn.

 Exercise F

GRAMMAR PRACTICE Complete the paragraph, using perfect infinitives.

Ed Compton has been drowning in debt, so he has some emergency short-term goals.

By the end of the month, he intends to have created_ a realistic budget that he can stick to.
1 intend / create

As a matter of fact, he _hopes to have made the last payment on his car loan by October 30th.
2 hope / made

In addition, he plans to have begun saving 10% of his paycheck even before that. If he can
3 plan / begin

stick to his budget, and savings plan Mr. Compton _expects to have paid all the money he owes within the
year.
4 expect / pay

Exercise G

ERROR CORRECTION This sentences all have errors. On a separate of sheet of

paper, rewrite them correctly.

1. I expect to will earn enough money to buy a car by the end of the year.

I expect to have earned enough money to buy a car by the end of the year

2. Before they come back home, they will to have spent all the money they took with
them.

Before they come back home, they will have spent all the money they took with
them.

3. We hope having completed our driver training by the end of the week.

We hope to have completed our driver training by the end of the week.

4. By the time I’m thirty I will to be married for five years.

By the time I’m thirty, I will have been married for five years.
Page 32. Exercise B.

Exercise B

VOCABULARY PRACTICE Complete each statement about money management,

using the vocabulary. Use each expression only one.

1. Some people say Mr. and Mrs. Strong are thrifty. They don’t spend too much,
and they always have money in the bank for a rainy day.

Mr. and Mrs. Strong save regularly

2. Andrew earns a small salary, but he’s a big spender, so he’s always out of cash.

Andrew lives beyond his means

3. The Wilsons spend everything they earn and have almost no saving in the bank.

The Wilsons live paycheck to paycheck

4. When Katherine’s credit card statement come each month, she writes a check for
the full balance.

Katherine_always pays her credit card bills in full

5. Sam acts as if he thinks money grows on trees. He can’t remember where he

spent this week’s allowance.

Sam does not where the money goes

6. Every month Melanie pays a lot of interest a late fee on her credit card bill.
She can’t sleep at night because of all that debt.

Melanie is drowning in debt

7. Martha and Bill have everything they need and never spend more than they earn.

Martha and Bill_they live within their means

8. Sally always knows where her money goes. Every day she writes down everything
she bought.

Sally keeps track of her expenses

Page 37... Exercises B, C, D, E.

Exercise A

Listen to the conversations. Then write the letter of the statement that best
summarizes each conversation. Listen again if necessary.

a. He should be more thrifty.

b. He’s not really a big spender. He’s just feeling generous today.
c. If he’d known it would be so hard to put together, he never would have bought it.

Conversation 1 c Conversation 2 Conversation 3 a

b

Exercise B

Complete the statements about bad money managements about bad money
management, using four different phrases the Vocabulary in lesson 3.

1. Martha Bates receives her salary on the last Friday of every month. By the end of
the next month she has no money left. She lives paycheck to paycheck

2. Paul and Clare Oliver never pay their credit cards in full, and every month the
balance on their card is bigger. They’re drawing in debit .

3. Cheryl spends more than she earns. She lives beyond her earns .

4. Eleanor’s mother gives her money every week for transportation to and from school,
but by Thursday the money’s gone. Eleanor does not know where money goes .
Exercise C

Compete each statements with true information, using future perfect or a

perfect infinitive. 1 By this weekend, I will have finished my homework

2 At the end of this school year, I intend to have learned to pronounce much better .

3 By the time I retire will have saved enough money .

4 By the year 2020, I hope _ to have bought a car .

Before I leave this English program, I expect to have sufficient knowledge of the language

Exercise E

Explain in your own words the meaning of the following words and phrases.

1 financially independent it is when you have enough income to pay one's living
expenses for the rest of one's life without having to be employed or dependent on
others_

2 a budget is an estimation of expenses over a specified future period of time _

3 a short-term goal _ is something you want to do soon.

4 a long-term goal is a goal you want to accomplish in the future.

5 astronomical _is something enormously large or exaggerated

6 a loan is when you receive money from a friend, bank or financial institution in
exchange for future repayment of the principal, plus interest.