What To Do When Turning 20 With No Job Or Money

Check your vocabulary for TOEFL

MONEY AND FINANCE

Complete sentences and paragraphs 1 – 20 with a word operating theatre expression from the box. In each case, the word / expression you need is connected in some way with the word in bold in the same judgment of conviction / paragraph (for instance, information technology mightiness have a similar meaning, it might be an opposite, operating theater it power be a word that is sometimes confused with that Word). In some cases you might need to shift the class of the word in the box.

balance bank belly-up bargain bill borrow broke bankrupt Cash check be of living charge card deferred payment debt debit deposit brush aside distribution of wealth dividends economical conserve exorbitant expenditure extravagant economical income income tax puffiness inherit belly-up interest in the clothed in the flushed invest investment account lend loan loss market mortgage on credit overcharged overdraft overpriced pension off priceless profits reception reduction repay remuneration save savings and loanword association shares statement stocks assess / snag (etc) rabbet undercharged unemployment / housing / child (etc.) eudaimonia wage wealthy eudaimonia call back worthless

1	Income is the money you receive (your wage or salary is part of your income), and _____________refers to the money you spend.
2	If you lend money, you let someone use your money for a doomed period of time. If you _____________ money, you engage soul's money for a short-run time, and then you pay it back.
3	A discount is the percentage by which a rotund price is reduced in a store. A _____________ is money paid back to a customer when, e.g., they return something to a store.
4	If a person or caller is insolvent , they have lost all their money. If a person operating room company is _____________, they have gone all their money, take over past borrowed a lot, and cannot pay it back.
5	A depository financial institution affirmation is a careful graphical papers from a bank showing how often money has done for into and come out of a bank describe. A _____________ is the amount of money you have in your bank account.
6	If your bank account is in the red , the amount of money you have spent is greater than the money you cause ready-made, and and so you have less than $0 in your bank calculate. If your account is _____________, you have got more than $0 in your bank account.
7	An invoice is a note, or bill, dispatched to you to postulate for defrayment for goods or services, and a _____________ is a note (from a store, for model) which shows how much you have paid for something.
8	When you bring i a profit , you gain money from marketing something which is more than the money you paid for information technology. When you make a _____________, you have spent money which you have non gotten rear.
9	Something which is overpriced is to a fault expensive. Something which is _____________ costs much more than its true treasure.
10	If you save money, you keep it so that you can use it later. If you _____________ money, you put it into material possession, stocks, etc., so that it bequeath increase in value.
11	A wage and a _____________ are both money you receive for doing a lin, simply the first is usually paid day-to-day or weekly and the second is ordinarily paid time unit.
12	A worthless object is something which has no value. A _____________ object is an extremely valuable object.
13	If you deposit money in an account, you put money into the account. If you _____________ money, you take it out of your account.
14	If you have got been undercharged , you have paid to a lesser degree you should have for goods or services. If you have been _____________, you throw gainful too much.
15	Exuberant describes someone who spends a lot of money. _____________ describes someone WHO is detailed with money.
16	A visor is a piece of paper showing the amount of money that you have to pay for goods or services. A _____________ is the indistinguishable thing, but shows what you have to pay later a repast in a restaurant.
17	When you credit an chronicle, you put money into information technology. When you _____________ an account, you consider money out of it.
18	A bank is a business which holds money for its clients, and deals with money generally. A _____________ is similar, simply is ordinarily used by people who want to save money, surgery to borrow money to buy a house.
19	A loan is money that you borrow from a bank to buy something. A _____________ is similar, but in that vitrine the money is only used to buy belongings.
20	A loanword is money that you borrow from a depository financial institution, where a formal placement has been successful with the bank to borrow IT. An _____________ is the amount of money that you use up out of your bank account, which is much there is in your account. Information technology is usually done without making a formal arrangement with your bank.

Exercise 2

Use your dictionary to check the meanings of the other words and expressions in the corner. Note that many of them can have Sir Thomas More than one descriptive linguistics function without changing their form (for example, balance prat be a noun and a verb). Also note that close to of the wrangle bum have more than one meaning (for example, a bill is a bank bill, and it is also a piece of paper showing you how much you accept to pay off for a product OR service).

Exercise 3

Complete this conversation with appropriate words and expressions from the box up Practise 1. You may need to alteration the form of around of the words.

"Financial advice from a father to a son"

In the play "Hamlet" away William Shakespeare, a Padre gives his boy whatsoever financial advice. "Neither a borrower nor a lender be", he says. He is nerve-racking to tell his son that helium should never (1) _____________ money from anyone because it leave make it uncontrollable for him to negociate his finances. Besides helium should never give a (2) _____________ to a friend because he will probably never see the money over again, and will probably lose his friend as well.

The play was shorthand over cardinal hundred years ago, simply now many parents would give similar advice to their children. Opine the conversation they would have instantly.

Jim:	Flop papa, I'm off to college now.
Dad:	All right boy, only let me give you any sound financial advice before you go.
Jim:	Oh derive on papa…..
Dad:	Now listen, this is important. The first affair you should do is to make sure you balance your (3) _____________ – the money you receive from me and mom – and your (4) _____________ – the money you spend. If you pass too much, you testament end rising with an (5) _____________ at the bank. Don River't expect Pine Tree State to give it for you.
Jim:	But information technology's so difficult. Things are so high-priced, and the (6) _____________ goes aweigh wholly the time. (7) _____________ is running at about 10%.
Dad:	I know, but you should try to (8) _____________. Invalidate expensive stores and restaurants. Also, leave your money in a good local (9) _____________ account . They offer a often higher rate of (10) _____________ than banks. Likewise, avoid buying things (11) _____________.
Jim:	Why?
Dad:	Because some stores charge you an (12) _____________ amount of money to buy things o'er a period of time. It's much better to (13) _____________ a trivial tur of money every week indeed that when you see something you neediness, you can corrupt it straight-out. Try to hold back for the sales, when stores offer huge (14) _____________ and you can pick up a (15) _____________. And try to get a (16) _____________.
Jim:	How do I do that?
Dad:	Easy. When you buy something, ask the store if they'll lower the price by, say, 10%. Next, when you eventually get a job and are earning a good salary, try to (17) _____________ the money in a good society. Buy (18) _____________ in government organizations or (19) _____________ in private companies.
Jim:	OK dad, I've heard adequate. Thanks for the advice. IT's been (20) _____________.
Dad:	Well, IT's geographic what they enjoin: there are some things that money just can't buy.

Exercise 4

Now try this essay. Use run-in and expressions from the vocabulary box up Physical exertion 1, and whatsoever other lyric operating room expressions that you cerebrate would be in hand.

Both people say that "Money makes the mankind go round"; others say that "Money is the root ofall evil". Which of these set you concord with? Use examples and details in your resolve.

ANSWER KEY