FOREIGH LANGUAGE TEACHING AND RESEARCH PRESS AIR FORCE ENGINEERING UNIVERTISY 2 2 Spend or save The students dilemma Unit Unit 5 5 Section ASection A 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. John Poole (English playwright) 2 2 5UNITThe money gameThe money game Section ASection A 2 2 5The money gameThe money gameUNIT Spend or save The students dilemma ObjectivesObjectives To talk about money To further understand the text To apply the phrases and patterns To master the essay writing skill ContentsContents ASection Warming-up Activities Text Study Language Application Summary Spend or saveSpend or save The students dilemma The students dilemma A Section Warming-up Activities Lead-inLead-in Pre-reading ActivitiesPre-reading Activities Cultural BackgroundCultural Background Spend or save Spend or save The students dilemma The students dilemma 1. How to manage money as a college student? Create a strict budget and commit to sticking with it; Prioritize ones finances by identifying the areas in which one need to spend money; Remember to save; Avoid credit cards; 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. Whats the main source of your daily expenses? From parents From student loan or subsidy From scholarship From part-time job Other (specify) _ 2. How much are your monthly expenses? 500 yuan or less 501-800 yuan 801-1,000 yuan 1,001-1,500 yuan Over 1,500 yuan 3. Do you spend money based on your budget? Always Sometimes Never 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? Save it Spend it In the money markets, businesses governments and sometimes individuals borrow or lend funds for short period of time. Usually 1 to 120 days. US Treasury- bills are the _ money market instrument. They are followed by negotiable certificate deposit and _ paper. Listen to a short passage concerning money markets and fill in the missing information. To be continuedTo be continued dominant commercial 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 important in _ market and represent invest mental ternaries for money market _. It is a closed substitute ability of market instruments, it _ all the money markets. To be continuedTo be continued respective participants links distinctive dealers and brokers 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 _ 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 _ who specializing one or more money market instruments. To be continuedTo be continued Dealers buy securities for the own _ and sell from the security inventers when the trades _. Brokers do not actually buy or sell securities, and they only accentuate the _ transactions at the best possible price. Their profits comes from commissions charged for that services. position take place client Listen to a short passage concerning money markets and fill in the missing information. Questions Previewing 1. What does financial literacy refer to ? 2. In the United States , what does Student Financial Aid refer to? TipsTips TipsTips 1. What does financial literacy refer to ? 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. 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. Main Idea by the age of 40, the total is almost one million. What happens as we take in these contradictory but explicit messages? What are the psychological and social consequences of this campaign to control our spending habits? (Para. 6) We want more things because we want to satisfy our material appetite. Most of us derive pleasure from treating ourselves. Watch out, take stock of your life, d