B2 – Upper Intermediate
It says that spending more money on experiences rather than material things could boost your happiness. This video mentions why having a financial day could save you and how you can use it to your advantage.
Watch this video to learn how to evaluate your fixed expenses and how can cutting back your expenses could help you build more happiness.
Discussion Questions:
- Why is it important to take a financial day?
- What do you think about devoting a day for financial matters?
- Are the tips mentioned helpful? Are you doing some/most of them?
- Do you like spending money on things or experiences? Why or why not?
- Do you make it a point to track and evaluate your expenses? Why or why not?
2 replies on “Boost Your Financial Health”
1/2.- I think that it can be interesting for us to take a financial day just to check if we are spending our money adequately. Many companies, mainly those offering services such as electricity, phone or banking, know that people usually do not change into another company easily because of the huge number of steps and time required. They are only focused on getting new clients, but they do not take care of the existing ones. And it is only when a client decides to change into another company when they offer them new promotions or discounts. What’s more, the company worsens their rates or conditions little by little along the time, in such a way that many clients are unaware of these changes. Besides, there is a very aggressive competence among the companies in the market and therefore, they are offering new promotions just to catch new clients.
Doing these things to save money would require more than a day, since firstly we need to get information about the rest of the competitors. After, we should compare what each one offers and finally to choose the one which best fit in our personal case. What is profitable for a person, not necessarily has to be for another.
3/4.- Some of the tips given in the article are helpful, because they suppose little changes in our life which are not difficult to accomplish. However, there are others such as changing to a smaller house or substituting your car into another transport means which seem more difficult to get since the personal situation of every person can make it impossible.
I usually apply some of these advices in my life. For example, I think that it is important for our health to spend some money in happiness rather than material stuff. Hiring a person to clean my house, make me take more time to go to the gym or simply walk by the mountain and get relax.
5.- Considering how badly the economy is becoming around the world, I think that everyone should do a revision of all their expenses. Otherwise, we are going to have more than difficulties to pay all the expenses. All the products and services are increasing; however, the salaries are stuck and, some companies are even reducing them to survive.
Here are a few things you can improve in your responses especially when it comes to better word choice:
You can write well so keep it up to see more improvements in the future!