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Liu006 Dealing With Money

Tom received an allowance from his parents as a youngster and saved it in a savings account. When he started college, he budgeted his money and paid for things in cash. One day, Tom won a million dollars in the lottery but then went on a spending spree, buying a house, clothes, and a car. Within a year, he had nothing left and took out a credit card and loan to pay living expenses and college fees, accruing debt. Now with a job, Tom is working to get out of debt.

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Gaik Heok Tan
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364 views

Liu006 Dealing With Money

Tom received an allowance from his parents as a youngster and saved it in a savings account. When he started college, he budgeted his money and paid for things in cash. One day, Tom won a million dollars in the lottery but then went on a spending spree, buying a house, clothes, and a car. Within a year, he had nothing left and took out a credit card and loan to pay living expenses and college fees, accruing debt. Now with a job, Tom is working to get out of debt.

Uploaded by

Gaik Heok Tan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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B1 How To Deal With Money LIU006

Complete the text on how Tom dealt with money. Fill in the blanks from the word list
on the right. There are TWO words you will not need.

When Tom was a youngster he cared a lot about money. He allowance


received a weekly _______________________ from his parents and budget
started saving it because he wanted to go to college. He opened a
cash
_________________________ at a local bank that paid good interest, so
credit card
his ______________________ grew. When he started college he didn't
debt
have much money, but he had a _____________________ and stuck to
it. He always kept track of the money he spent , and when he bought deposit

things, he always paid in _____________________ . expenses

fees

interest
One day Tom bought a _____________________ ticket and, to his
loan
surprise, won a million dollars. From that day on everything in his
life changed. Instead of investing the money lottery

in _____________________ and bonds Tom went on prices


a _____________________ spree. He bought a house, expensive clothes savings account
and a sports car. He spent a lot of money on travel, entertainment spending
and going out with lovely girls. After about a year, Tom had nothing
stocks
left, so he applied for a _____________________ and started charging
his everyday _____________________ . In order to pay off his college
tuition
_________________ , he took out a _____________________ , which he is still paying off. As time
went on, Tom got his finances under control. Although he has a good job now, but he still
hasn't got out of _____________________ .

www.english-practice.at
KEY

When Tom was a youngster he cared a lot about money. He received a


weekly ALLOWANCE from his parents and started saving it because he wanted to go to
college. He opened a SAVINGS ACCOUNT at a local bank that paid good INTEREST, so his
savings grew. When he started college he didn't have much money, but he had
a BUDGET and stuck to it. He always kept track of the money he spent , and when he
bought things, he always paid in CASH.

One day Tom bought a LOTTERY ticket and, to his surprise, won a million dollars. From that
day on everything in his life changed. Instead of investing the money in STOCKS and bonds
Tom went on a SPENDING spree. He bought a house, expensive clothes and a sports car.
He spent a lot of money on travel, entertainment and going out with lovely girls. After
about a year, Tom had nothing left, so he applied for a CREDIT CARD and started charging
his everyday EXPENSES. In order to pay off his college tuition FEES, he took out a LOAN,
which he is still paying off. As time went on, Tom got his finances under control. Although
he has a good job now, but he still hasn't got out of DEBT.

www.english-practice.at

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