7 Money

Teens eating out

According to an American study, teenagers spend $2,600 a year, primarily on food, entertainment, beauty products and clothing. They usually get the money as a gift from the family; they also receive an allowance for doing household chores.

The Big Question

Do you think teens should be given a weekly or monthly allowance? Do you think they should be given complete freedom to spend their money on whatever they want to?

Grammar Language Skills

● First, second and third conditionals

● wish, if and if only, mixed and inverted conditionals

Reading: A passage from a short story by D.H. Lawrence

Listening: An interview

Speaking: Discussing a topic

Writing: An essay

Video & Life Skills

How to make money and travel full time

Career/Work:

● How to make money doing something you like

Vocabulary: Money

1 Match these words with the definitions.

loan • owe • debt • interest • recession mortgage • bank fees • be/go overdrawn

1 a period of temporary economic decline

2 a charge for borrowed money

3 money lent by a bank in order to buy property

4 a sum of money that is borrowed and has to be paid back with interest

5 a sum of money that is due

6 charges or commission debited by a bank from a checking account

7 be obliged to pay money in return for something received

8 have taken more money out of an account than someone has (in it)

2 30 Complete the sentences with words from exercise 1. Then listen and check.

1 I put down fifty thousand in cash and took out a for the rest.

2 House buyers are able to take out a for $99,000.

3 The company I work for is heavily in

4 I don’t any money to anyone.

5 You will have to pay if you don’t have the money in your account.

6 I check my online bank account every day just to see if I .

7 This country is in a deep

8 If you don’t clear your credit card every month, you have to pay a lot of

3 Read the text. Do you identify with any of the people described?

4 CERT Read the questions and choose the correct option (A, B, C or D). Which person…

1 earns money to supplement their allowance?

2 likes spending money on technology?

3 often spends more money than they have?

4 really understands the value of money?

5 saves a lot of money each month?

6 thinks that they get enough money from their parents each month?

7 would like to get a job if they were allowed to?

8 would prefer to borrow money from grandparents than parents?