|intermediate||payday loans||man – woman||01:43|
Is borrowing money for these things a good idea? Why or why not?
“nest egg” = extra money to save for the future
“We need to have a nest egg in case the economy worsens.”
“be broke” = be out of money
“Brandon is broke, so I can’t buy any food this week.”
A. Listen to the recording and answer the questions.
Listen to the conversation again. What advice can you give the man in this situation? Is he making a good choice? Are there other ways he could pay for his plans instead of taking out a payday loan? Explain.
Use the Internet to learn more about the advantages and disadvantages of payday loans. Are such companies or services available in your country?