Money, money, money

TASKS
Read the following texts. Underline the words you don't know. Check their meaning.
Look up also all words in bold. Choose some to write sentences of your own.

Money, money, money

Below are just some of the things you can do with money. Notice the prepositions.
 borrow money (from a bank)  owe money (to the person who lent
 cost (us) money (to cancel the it to you)
event)  save money (on a flight by booking
 earn money (from your job) early)
 have enough money (to live  save up money (for a luxury cruise)
comfortably)  spend money (on new office
 invest money (in new technology) furniture)
 lend money (to a friend)  waste money (on lottery tickets -
usually)
 lose money (by gambling/on a bad
investment)  win money (on the lottery- if you're
lucky)
 make money (from home/ by
working hard)
Your money at the bank
Your employer pays your salary into your current account. Every month you receive a
bank statement showing your transactions and the final balance. If you want to save
money and earn interest on your savings, you will need a special account.

You can withdraw money at a cash point/cash machine (AmE ATM). You can arrange an
overdraft (= a temporary negative balance) for a small fee. If you have a negative
balance, you are 'in the red'. Nobody likes being in debt/ getting into debt and most
people try to clear their overdraft as soon as possible.

In business the phrase 'line of credit' is more common than 'overdraft'. A line of credit
can be given by a bank or a supplier. You may need to take out/get a loan from the bank.
Note that the bank lends you money, and you borrow money from the bank. The bank
charges you interest on the loan and you pay interest on the loan. The interest rate is
usually given as an APR (annual percentage rate) which shows the overall cost of credit
including bank charges as well as interest. You repay the loan in monthly instalments.

To buy your own house you need to take out/arrange a special type of long-term loan
called a mortgage.
Money, money, money

Spending money at the shops

Anna and Carla are out shopping on the last afternoon of a business trip.
Anna: Look at these shoes. There's a discount of 50%. That’s very good value for money -
you'd pay a lot more in our country.
Carla: Really? 50% off? That's a real bargain. Why don't you try them on? Hey, look at this
blouse. No, it's too expensive - I can't afford it.
Anna: Let me see the price. Wow! That's a real rip-off (=much too expensive). But you're
coming back in January, right? It might be in the sales.
Carla: Look over here. This skirt is on sale. It's been reduced by €30.
Anna: Yes, but it's still expensive. It's not worth it. We saw something very similar for sale in
the las shop.
(At the checkout)
Anna: Have you got any local currency? I've run out.
Carla: Just a Jew notes and a bit of change.
Anna: Never mind, I’ll/ pay by credit card. (To the shop assistant) Can I have a receipt
please?
Note that 'for sale' means available to buy, while 'on sale' means available to buy at a
cheaper price than normal.
Note the uses of 'pay'. We say ...
pay a lot of money for it, €80 for a dress, the bill at a restaurant, income tax
pay for a meal, the drinks, 111y ticket, the taxi
pay by card
pay with my card
pay in euros/ dollars
Money and budgets
A budget is an amount of money you have available to spend. Look at how to use the word
'budget'.
The project went over budget. 40% of the budget goes on labour costs.
The project is on budget. The budget for next year has not been set.
The project came in under budget. We have budgeted €20,000 for
advertising.
ls there any money left in the budget?
('budget' is used as a verb in this last
We have to keep/stick to the budget.
example)
Money, money, money

Work in groups.
Group A
1. Go to: https://skell.sketchengine.co.uk/run.cgi/skell
2. Write money in the search box.
3. Hit
4. Write what you found out under examples and under word sketch.

Group B
1. Go to: https://skell.sketchengine.co.uk/run.cgi/skell
2. Write budget in the search box.
3. Hit
4. Write what you found out under examples and under word sketch.