|difficult||money||man and woman||02:39|
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."
A. Listen to the recording and answer the questions.
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.
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.
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.
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.
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.
Do the vocabulary quizzes with the words from the conversation for more practice:
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.
Complete these tasks: