Vocabulary

FIRST LEARNING MOMENT WORK

MARIA ANGELICA RAMOS

PRESENTED TO:

PEDRO GUTIERREZ

Andes University
Administration
English Seminar
VI Semester

Vocabulary practice (3 points)

* Complete the following sentences using the vocabulary studied in class.

* When you work, you usually receive _____MONEY_____(1) on your personal ______BANK ACCOUNT______(2). You then withdraw it ata ATM (Automatic Teller Mach00ine) using your personal ______CREDIT CARD_______(3) and the personal password. If you have a family, you have to _____PAY_______ (4) for necessary services such as food, clothes, bills, parties etc. However, you have to prioritize your _____DEBTS_____(5) plan your ______BUDGET________(6) so that you can have _____MONEY________ (7) for doing immediate, urgent thingswhen required.

1. a. money b. pay c. loan
2. a. credit card b. bank c. bank account
3. a. loan b. investment c. credit card
4. a. financial health b. invest c. pay
5. a. debts b. credit card c.expenses
6. a. budget b. loan c. credit card
7. a. investment b. money c. savings

* Write a short definition for the words given below.
a. Credit card: It is a mechanism that allows purchases to cancel after.
b. Loan: it is to request Money to pay for free.
c. Financial health: Financial health=isto be well economically, without presenting mishaps.
d. Budget:it is a plan which integrates both revenues and costs which can be made at different times.
e. Bank account: it is a financial contract that is created with the purpose of save money or save it.
f. Payment: money that is canceled, either by credit or cash.

Reading basic financial texts (2 points)
* Answer thefollowing questions based on the reading presented on the class.

1. What is the text about?
The text gives us some tips that we can achieve better manage our money.

2. Is it recommendable to have money under your mattress?
It is best to invest or deposit in a bank account, and so will be moresecure and also is generating profits.
3. Do you consider an easy or difficult task to have agood financial health? Why?
It is a little complicated, although not developed a budget for so manage our money, and not spend more than we have, also we must learn to save some of our profits.
4. Which tips do you use the most in your real life? Name at least three from the text and give reasons for the choice.
The first, is slash your debts, is always important to get into debt less and haveenough money, for alls our expenses
Second, develop a plan, because then I know I spend each day, not overdo it on unnecessary expenses, and distribute the money for alldays.
And last, slash your expenses, if I know for example eating out fast food every eight days I generate more costs to eat at home ,so I choose the second option; also if I can do my shopping in a place where it ismost economical I'm cutting costs.

10 Tips for the Best Financial Health
Money, that fickle mistress, is very hard to keep. It seems like the more you get, the more you need. Most of us have said something along the lines of, “If I only had $X more per month, then I’d be fine,” at some point in our lives. However, it rarely works out that way. Money can be a difficult, painful, frustrating subject foranyone. It doesn’t have to be, though. With the right tips and techniques, you can start creating better financial health in your life. Here are ten of the best ways to start.

1. Slash Your Debt
Slashing your debt might seem like an easy thing to do, until you look at all that credit card debt, that is. While you might “know” how deep in debt you are, it often requires a very hard look to...