Questions Previewing 1. What does financial literacy refer to ?
Tips
2. In the United States , what does Student Financial Aid refer to?
Tips
1. What does financial literacy refer to ?
Tips Because when the government encourages spend money to get out of the people to ____________ recession, they also advice people to__________. save more Similarly, when banks offer higher ____________ interest rates to increase savings they send ________________ credit card offers to let people spend more.
• The ability to understand financial matters; • The set of skills and knowledge; • Allows an individual to make informed and effective decisions through understanding of finances.
To master the essay writing skill
Section
A
S p e n d o r s ave – T h e s t u d e n t ’s d i l e m m a
Contents
Warming-up Activities
Text Study
Language Application Summary
Section
A
S p e n d o r s ave – T h e s t u d e n t ’s d i l e m m a
Warming-up Activities
Lead-in
Pre-reading Activities
Cultural Background
1. How to manage money as a college student?
A man who both spends and saves money is the happiest man, because he has both enjoyments. — Samuel Johnson (English writer)
You must learn to save first and spend afterward.
• Create a strict budget and commit to sticking with it; • Prioritize one’s finances by identifying the areas in which one need to spend money; • Remember to save; • Avoid credit cards; • …
2. In the United States , what does Student Financial Aid refer to?
The funding intended to help students pay education expenses including tuition and fees, room and board, books and supplies, etc. for education at a college, university, or private school.
Another familiar example.(Para. 2)
time
we get demanding, nasty emails saying : “Your failure to pay is unacceptable. Pay immediately or you’ll be in trouble!” As soon as we pay we get an email in a charming tone telling us how valuable a customer we are and encouraging us to resume spending.
4. What costs most of your money as a college student?
□ Food, clothing and other necessities □ Books □ Entertainments □ Other (specify) __________
5. If you have extra money, do you prefer to save it or spend it immediately?
2. What do college students spend their money on?
• • • • • • •
Tuition and fees; Textbooks or other school supplies; Food and drink; Transportation in the form of bus or train tickets; Electronics, such as laptops and smart phones; Entertainment ; …
Read the following survey questions regarding spending habits of college students. Then
check (√) all the responses that are true for you.
1. What’s the main source of your daily expenses?
Listen to a short passage concerning money markets and fill in the missing information. Other money market instruments they are not large in-volume of standing are respective important in ____________ market and represent invest mental ternaries for participants money market ____________. It is a closed substitute ability of market instruments, it ______ links all the money markets.
Listen to a short passage concerning money markets and fill in the missing information.
The money market consist of collection of markets each trading at distinctive ________ financial instrument. There is no formal organization such as The New York Stock Exchange for the equity markets. Central activity to the money market are the dealers and brokers who specializing __________________ one or more money market instruments.
□ Save it □ Spend it
Listen to a short passage concerning money markets and fill in the missing information.
In the money markets, businesses governments and sometimes individuals borrow or lend funds for short period of time. Usually 1 to 120 days. US Treasurydominant money market bills are the _________ instrument. They are followed by negotiable certificate deposit and commercial paper. ___________
□ From parents □ From student loan or subsidy □ From scholarship
□ From part-time job
□ Other (specify) __________
2. How much are your monthly expenses?
Listen to a short passage concerning money markets and fill in the missing information.
Dealers buy securities for the own position _________ and sell from the security take place inventers when the trades ____________. Brokers do not actually buy or sell securities, and they only accentuate the _______ client transactions at the best possible price. Their profits comes from commissions charged for that services.