Money Flashcards
What are some sentences you can say about someone who is rich?
She’s got money to burn.
They live in the lap of luxury.
She’s worth a fortune.
They must be loaded/rolling in it.
What are some sentences you can say about someone who is poor?
He’s on the breadline.
Money’s a bit tight at the moment.
We need to tighten our belts.
We’re struggling to make ends meet.
She hasn’t got a penny to her name.
They just live from hand to mouth.
I can just about get by on what I earn.
I lent my brother some money last week. He’s a bit hard up at the moment.
What is a golden handshake?
A large payment to someone on leaving a job
What are some sources of income?
Basic salary
Overtime payment
Productivity bonus
Scholarship
Child benefit
Dole money
Tax rebate
What are some kinds of outgoings?
Mortgage payments
Gas and electricity quarterly bills
Speeding fine
Life insurance premium
Subscription to magazines
Road tax
Alimony
Maintenance money
What are some sources of income for young people?
Pocket money
Odd job earnings (helping with chores around the house for money, a paper round delivering newspapers to houses in their area, cleaning dad’s car, babysitting)
Handouts (presents of money from friends or relatives)
Saturday jobs (over 13 years old some teenagers work on Saturdays e.g. in clothes or music shops, supermarkets, sports centres)
What are some arguments for teenagers working?
A job teaches young people the salute of work. It helps them appreciate how hard their parents work to buy them things.
All young people should have some work experience before they go into the real world.
Saturday jobs help parents financially.
It’s good for teenagers to have their own money. It helps them become independent.
What are some arguments against teenagers working?
A job distracts young people from their studies/homework. They should be doing homework at the weekend.
No child should be allowed to work, it’s cruel. Children and teenagers should rest after school.
Parents shouldn’t allow their children to work. They should give them everything they can and work extra hours if necessary to pay for this.
What does it mean to be HARD UP?
To have very little money, especially for a short period of time
What does it mean to be OVERDRAWN?
To have taken more money out of your bank account than you have on it
