Tag: finance

Is Renting a Good Idea?

B2 – Upper Intermediate

Although owning a home is a basic life goal of most people, renting has become a choice for a lot of people nowadays. Renting a home can be an ideal option for those wanting extra flexibility and less responsibility. For some people, renting might make more sense for their financial circumstances. But is it really better to rent?

Watch the video below to see the two sides to renting.

Discussion Questions:

  1. Are you renting? / Have you ever rented a house/flat?
  2. What are your thoughts about renting versus owning/buying?
  3. What are the advantages and disadvantages of renting?
  4. Is it more common for people in your country to rent or buy a house? Why do you think that is?
  5. Talk about your experience renting.

Cars Make You Poor

B2 – Upper Intermediate

Cars have become a necessity. For most people, buying a car is one of the most expensive purchases they will ever make in their lives. While buying a new car makes you feel like you are granting yourself new freedom, a new car is more likely to take it away along with security.

Watch this video to find out why cars are not exactly an investment.

Discussion Questions:

  1. Do you have a car? What do you think about buying a car?
  2. What are the advantages and disadvantages of owning a car?
  3. Do you agree with what it says in the video that cars are bad investment? Why or why not?
  4. Do you prefer driving your own car or riding public transportation?
  5. What are some examples of things that are good and bad investments?

Pandemic Changed the Way Americans Spend Money

B2 – Upper Intermediate

The COVID-19 pandemic has had a great impact on every aspect of everyone’s life. A survey found the consequences of the pandemic on Americans’ personal finances.

Read the article and find out some of the key findings of this survey.

https://edition.cnn.com/2020/10/28/success/pandemic-spending-saving-changes-feseries/index.html

Discussion Questions:

  1. How do you think the pandemic impacted Spanish people’s finances in terms of their income, stimulus saving, homebuying, buying insurance, investing, and post-pandemic plans?
  2. How has the pandemic changed your financial behavior?
  3. How can one make up income loss?
  4. What is the best way to spend one’s stimulus check?
  5. What do you think will happen to how Spanish think about homebuying, travel insurance, and investing?
  6. What are some of your post-pandemic financial plans?

How Would You Like to Pay?

B2 – Upper Intermediate

There are a lot of different options to pay for the things we need now. One must wonder which really is the best way.

Listen to the audio to figure out which method best suits your circumstances.

https://www.bbc.co.uk/learningenglish/english/features/6-minute-english/ep-160211

Discussion Questions:

  1. What is the easiest way to pay? Which one do you prefer most?
  2. What are the risks of using debit cards or credit cards in shopping?
  3. What are your thoughts on mobile phones, contactless cards, and fingerprinting as payment methods?
  4. Are credit/debit card frauds common in your country? Have you or anyone you know ever been a victim of credit/debit card fraud? Share your story.
  5. Do you agree or disagree that the days of paying by cash is nearly history?

Forever 21’s Downfall and Bankruptcy

B2 – Upper Intermediate

Forever 21 made billions in revenue and was one of the fastest-growing fashion empires. Now, the owners have filed for bankruptcy after struggling to keep up with the rise of e-commerce. As one of the largest occupants of American shopping centers, a massive shutdown of Forever 21’s stores could aggravate the ongoing retail apocalypse.

Watch the video about how Forever 21’s success and downfall.

Discussion Questions:

1. In your opinion, where did Forever 21 go wrong?

2. What can filing for bankruptcy do to a company? What are the advantages and disadvantages?

3. In your opinion, what can the retailers do to save Forever 21?

4. What can Forever 21’s bankruptcy mean for the future of fast fashion?

5. Talk about some of the most popular fashion companies in your country?

Children’s Allowances

B2 – Upper Intermediate

Some parents now take a different tack when giving their children an allowance, making it an early form of financial literacy. They hope their kids will use the money they’ve been given responsibly and set aside a fair sum for the rainy days.

Let’s take a closer look at how parents get their money’s worth by reading the article below.

https://www.thetimesinplainenglish.com/childrens-allowances-getting-your-moneys-worth/

Discussion Questions:

  1. When you were a child, what was considered a reasonable allowance? How did you spend this amount and did you have some amount left for savings?
  2. What is the average allowance given to children in your country nowadays? What factors do parents consider in figuring out the right amount?
  3. How are children expected to spend their allowances?
  4. What values do parents hope their children will exhibit in terms of how they use the money entrusted to them?
  5. Imagine explaining financial management to a child. How would you go about it?

Little Secrets to Getting Rich

B2 – Upper Intermediate

There is a difference between having money and being wealthy. If you want to be wealthy, it’s time to look for ways on how to do so.

Watch the video and find out some secrets to becoming wealthy.

Discussion Questions:

1. What are the five secrets to getting rich?
2. Are you doing any of the tips mentioned in the video?
3. Do you want to be rich? Why/why not? If yes, what are you doing in order to achieve it?
4. Who’s the richest person you know and how did this person become wealthy?
5. What are the good and bad things about being very wealthy?

Climate Change Will Crush Real Estate Values

C1 – Advanced

Key players in the real estate industry are spending huge amount of resources into estimating climate risk and its possible consequences on property portfolios. This process might cost investors large amounts of money if they aren’t prepared. But for those who are, there’s a big chance to profit more.

Read the article to find out more about climate risk and its probable effect on property investments.

https://www.cnbc.com/2019/04/08/climate-change-will-crush-real-estate-values-for-unprepared-investors-report.html

Discussion Questions:

  1. Do you think properties are good investment? Why or why not?
  2. How much damage do you think natural disasters have affected residential and commercial real estate in your country in the past years? Cite some incidents.
  3. Explain what this statement means, “This process will be painful for investors who are caught off guard, but those who are prepared have the potential to outperform”.
  4. How do real estate investment companies in your country gauge climate change risks? What mitigation strategies have they developed?

Spanish Taxman Investigates Ronaldo Revelations

B2 – Upper Intermediate

Some high-profile personalities have been implicated in tax-dodging activities after documents gathered by German weekly Der Spiegel were leaked. Cristiano Ronaldo, among others, is one of them.

Read the article to know more about this tax controversy involving high-profile footballers.

https://www.bbc.com/news/world-europe-40260517

Discussion Questions:

1. What are your thoughts on this news?

2. What can be done in order to prevent high-profile personalities from committing tax fraud?

3. What changes would you like to see in your country’s tax system?

Open Banking

B2 – Upper Intermediate

We have been so used to our financial information being kept strictly confidential by our banks. In the UK, a competition watchdog is lobbying for open banking.

Read more on it and be in the know about what it is, how it will work and other relevant information regarding secured financial info sharing among firms.

http://www.bbc.com/news/business-42253051

Discussion Questions:

1. What is Open Banking?
2. How do you feel about this news?
3. In what ways is this a positive change?
4. What things are you worried about?
5. How would people take such change in your country?