Intermediate: Spending and Consumerism

GUESS THE WORD

Rearrange the letters of the word to complete each sentence. Read the meaning aloud and use it as a clue.
ANSWERS
  1. allowance
  2. conscious
  3. finance

ANSWER

1. word:
A
L
O
L
A
W
N
C
E
meaning: [noun] amount of money to either save or use for a limited time
sentence: He promised to save twenty-percent of his _____________ so that he can buy a new car.
2. word:
C
N
O
C
S
I
U
O
S
meaning: [adjective] aware of one’s or someone’s actions/behaviors
sentence: Her mother is _______________ in spending their family’s monthly budget.
3. word:
T
H
I
R
T
F
Y
meaning: [adjective] using money carefully and not wastefully
sentence: I need to be ___________ so I can save enough money for a new car.

DIALOGUE

Let’s read the dialogue. I will be Alice and you will be Sam. Fill in the blanks with the correct responses.

READ

I used up all my weekly allowance yesterday. May I borrow 100 hundred dollars, sister?
____________. Where did you spent all your money?

There was a big sale at the mall. I couldn’t help myself so I shopped with my friends. I didn’t realize that I had no money left until I got home last night.
I won’t blame you, but you should’ve been a conscious shopper. Money doesn’t come around so easy these days.

I know, I’m sorry. Do you have any advice so I can become thrifty like you?
________________________________________.

I’m not sure if I can follow all of your advice, but I will try my best. Thanks, sister.
No problem. Anyway, here’s 100 dollars.

READING ALOUD

Read and take note of the important points in the article.

READ

In Japan, there is a money-saving method known as “Kakeibo” which means a “household financial ledger”. Kakeibo was created and first published in a women’s magazine by a female journalist, Motoko Hani in 1995. It is an annual journal composed of spreadsheets and inspirational messages to motivate its user while managing their finances. This is to keep track of how much the user is spending and earning, although its main goal is to save more money. With the positive influence of Kakeibo, consumers will be more responsible with their money. In addition, Moni Ninja, a financial blogger suggested that parents should teach their kids on how to save money by placing cash gifts they receive during holidays and special occasions in the bank.

EXPRESSING OPINIONS

Please answer the questions about the article.

ANSWER

1. What is Kakeibo for?
Answer:
2. How do parents teach their children in saving money?
Answer:
3. Financial education should be taught to young children at school. Do you agree or disagree?
Answer:
4. What do you think will happen if majority of people are over-spending money?
Answer:

READ BETWEEN THE LINES

In your own understanding, please explain the meaning of the following quotations.

ANSWER

1. “Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin
Answer:
2. “When you have money, think of the time when you had none” – a Japanese proverb
Answer:

CONVERSATION PRACTICE

Let’s talk. Please answer my questions.

ANSWER

1. What is the most expensive thing you’ve ever bought without much thought?
Answer:
2. Imagine you earned a lot of money, where would you use it for and why?
Answer:
3. What can you advice to people who are over-spending money?
Answer:
4. If you were to remove some expenses in your budget, what would it be?
Answer:
5. Name other ways in saving money without depriving yourself.
Answer: