B2 – Upper Intermediate
In the world of handling money, there’s this thing called “spaving.” It’s a mix of “spending” and “saving.” It’s when people think they’re saving money by spending more upfront on things that seem better quality. Even though it might seem smart, it can actually cause money problems in the long run.
Watch this video about to know more about it and get some tips on making better choices with your money and reach your savings goals more easily.
Vocabulary Questions:
- What does the phrase “to rip off” mean? “Some big shot over at the weiner company and some big shot at the bun company got together and decided to rip off the American public.” Use this phrase in a sentence.
- What does the word “entice” mean? “Buy one, get one” has enticed you to spend more.” Make a sentence using the word.
- What does the word “outsmart” mean? “The algorithms are coming after you, so you have to outsmart them.” Use the word in a sentence.
Discussion Questions:
- Do you think ‘spaving’ is a common financial strategy among people today? Why or why not?
- What are some potential advantages and disadvantages of the ‘spaving’ mindset?
- Share any personal experiences where you’ve encountered ‘spaving’ in your own life or observed it in others.
- What are some examples of products or services where ‘spaving’ might be particularly tempting, and how can individuals differentiate between genuine savings and falling into the ‘spaving’ trap?
- What alternative strategies can individuals employ to achieve their savings goals without resorting to ‘spaving’?