B2 – Upper Intermediate
The population works for a living to plan efficiently their finances, but given the current state of affairs and the skyrocketing rate of inflation worldwide, are you among those who find it difficult to plan or budget their income in order to set aside a portion for the future? A very crucial question to everyone who is trying make ends meet particularly this year.
Watch the video below to learn more about how to manage your budget.
Vocabulary Questions:
- What does “golden rule” mean? “Elizabeth Warren introduced a golden rule that promised to make budgeting obsolete.” Use this term in a sentence. Give a similar expression.
- What does “squeeze effect” mean? “Increase in rent causes a deduction in other household expenses which leads to the squeeze effect.” Use this term in a sentence. Give a similar expression.
- What is “factual effect”? “This is a factual way to measure if your housing cost is actually fair compared to the market ” Use this phrase in a sentence and give a similar expression.
Discussion Questions:
- How do you come up with financial plans?
- Which is more financially advantageous in your specific case—owning or renting a property?
- What financial strategies do you employ to preserve and endure the current situation?
- Share your insights on this, “Efficient budgets are often the most fragile.”
- “Finances, like biology, if you don’t evolve, you die.” Share your thoughts.