General Listening Quiz

“Budget Planner”

Level: Topic: Speakers: Length:
difficult money man and woman 02:39

Pre-Listening Exercise

What are common monthly expenses for a student living on their own, including student or car loans? How about a family of four? Write a list of your expenses, figure out how much money you spend on each area, and what percentage of your income pays for each.


lie through one’s teeth” = lie so you don’t get in trouble
The man lied through his teeth even though he was guilty of the crime.”

rip someone off” = cheat someone
I decided to hire a lawyer because the salesman ripped me off.”

Listening Exercise

A. Listen to the recording and answer the questions.

The man is speaking with his _____.

Nancy: Uh, yeah, I guess, but I'm pinching pennies myself, and you still owe me $20 from last week. And MOM and your friend Ron said you borrowed money from them this past week.

How do you describe the man's current situation?

Ron: Well, I do have a job, but I've used my credit cards to pay off a lot of things recently, but now, I can't seem to pay the money off.

Which sentence best describes the man's dining practices?

Ron: Hmmm. I'm not really sure. I think I spend around $600. [$600?!] Well, I go out to eat at least four times a week, so those expenses add up. I just don't enjoy eating alone, and I don't have a knack for cooking like you do.

The man's apartment is ____.

Ron: Uh, I pay $890 on rent for the studio apartment downtown . . . not including utilities and cable TV. But the place has an awesome view of the city.

The woman suggests that the man ______.

Nancy: And you need to create a budget for yourself and stick to it, and start with paying off your bills, starting with me. You owe me $50 dollars.

Vocabulary Practice

Do the vocabulary quizzes with the words from the conversation for more practice:

Post-Listening Exercise

Why would keeping a budget be important in managing your money? Do you know of a family member or friend who got into debt? Use the vocabulary and idioms in this conversation to discuss your own financial situation, with suggestions on how to avoid debt. Search for the top five ways to manage your money better.

Online Investigation

Complete these tasks:

  1. Getting a loan can be a complex process in trying to figure out the terms of the agreement. Imagine that you need a loan to pay for a car or college tuition. Find a Web site that offers the type of loan you need and analyze the information. What does the actual cost of the loan include?
  2. Search for an online budget planner tool to plan out your monthly expenses. How much does this service cost? What are its features?