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Conversation Advance · Module 16 · Unit 77

Budgeting and Financial Goals

Pre C2 Proficient

Learning Objectives

In today's class, you will talk about money and improve your everyday vocabulary.

Discussion

Direction: Answer these questions.
  1. Are you currently saving up for anything special?
  2. Do you find it difficult to make ends meet sometimes?
  3. What is your opinion on living a cashless life?

New Words & Expressions

Direction: Listen and repeat these words with your teacher.

  • Frugal

    adjective

    /ˈfruːɡəl/

    Meaning:Economical with money.

    I am being frugal.

    Real Life Tip:

    Wise spending.

  • Budget

    noun

    /ˈbʌdʒɪt/

    Meaning:Income/expense plan.

    I followed my budget.

    Real Life Tip:

    Financial essential.

  • Cut back

    phrasal verb

    /kʌt bæk/

    Meaning:Reduce spending.

    I will cut back.

    Real Life Tip:

    Common saving tactic.

  • Break the bank

    idiom

    /breɪk ðə bæŋk/

    Meaning:Cost too much.

    It did not break the bank.

    Real Life Tip:

    Common idiom.

  • Splurge

    slang

    /splɜːrdʒ/

    Meaning:Extra spending.

    I want to splurge.

    Real Life Tip:

    Fun indulgence.

Conversation

Direction:

  • Listen carefully as your teacher reads the conversation aloud.
  • Role-play the conversation with your teacher
James and Sarah look back on their discussions about personal finance.
  • Sarah
    This week, I realized that being frugal is actually helping me save.
  • James
    I know. My budget is finally helping me stop living beyond my means.
  • Sarah
    We should keep doing this. I feel more secure about my future.

Q&A

Direction: Answer the questions based on the conversation.
  1. What did Sarah realize about being frugal?
  2. What did James learn about his spending?
  3. What are they both planning to do?

Exercise

Direction: Choose the correct answer to complete each sentence, then read it aloud. Each question gives you 5 Points.

  1. What does splurge mean?

  2. What is a budget?

  3. I need to ____ back on coffee.

  4. It did not ____ the bank.

  5. frugal / I / am / being

  6. is / budget / the / good / a

Ask Your Teacher

Direction: Ask your teacher these questions.
  1. What is the most important lesson you learned about money this week?
  2. Do you feel more confident about your budget now?
  3. What is one splurge you do not regret?

Your Time To Speak

Direction: Answer using the language you have learned in this lesson. Talk about yourself!
  1. How can I maintain my frugality long-term?
  2. Is there a better way to manage my budget?
  3. What should I cut back on if I want to save faster?
  4. How do I know if I am living beyond my means?
  5. Why is it important to have a nest egg?
  6. What is the best way to track my transaction history?
  7. How can I make ends meet if my income changes?
  8. Is it possible to have an extravagant life with a budget?
  9. What should I do if I cannot pay off my debt?
  10. How do I start my next financial goal?
James
Exactly. And we still have enough to splurge on fun things.
  • Sarah
    I am even looking forward to going fully cashless soon.
  • James
    It is convenient. Let us just make sure we do not break the bank.
  • Sarah
    Agreed. We will keep tracking our transactions.
  • James
    I feel like a real adult now.