Money and spending
Talk about earning, spending, saving and borrowing — budgets, bills, loans and money habits.
In this lesson you will
- Use vocabulary for managing money
- Talk about banking, bills and borrowing
- Discuss attitudes to money
Learn
Earning: earn a salary, get paid monthly, a pay rise, income. Spending: spend money on, waste money, afford, a bargain, overpriced.
Saving and borrowing: save up for, put money aside, open a savings account, borrow from, lend to, take out a loan, get into debt, pay back, owe.
Banking and bills: withdraw cash, transfer money, pay by direct debit, check your balance, pay the bills (rent, electricity, phone).
borrow vs lend: you borrow from someone; someone lends to you: Can I borrow £10 from you? / Can you lend me £10?
Examples
- I’m saving up for a new laptop.
- He took out a loan to buy a car.
- She owes me twenty euros.
- Most of my salary goes on rent and bills.
Vocabulary
budget
a plan for spending money
debt
money that you owe
owe
have to pay back
loan
money borrowed from a bank
withdraw
take money out of an account
overpriced
too expensive for its value
Practice
Can you ___ me some money until Friday?
Speaking
Talk about your money habits: what you spend most on, what you’re saving for, and whether you think young people should use credit cards.
Writing
Write tips (100–120 words) for a student living alone for the first time: how to budget and avoid debt.
Lesson quiz
A plan for spending money is a…
Review
Key points
- earn, spend on, save up for, afford.
- borrow from / lend to, loan, debt, owe, pay back.
- withdraw, transfer, balance, bills, budget.
What you learned
- ✓ I can talk about money.
- ✓ I know borrow vs lend.
- ✓ I can give money advice.