Complete each gap in the sentence with one of the words or phrases given.

• high earning potential • wealth • bonus • lotteries

• wages • benefit • loan sharks • shares • cash

• credit card • the pools • salary • earnings • in debt

• poverty • credit • budget • broke • cheque

• income tax • revenue • fee • debt

• affluent

1. In many countries, there is a contrast between the ............................ of a small number of citizens and the ........................... of the masses.

2. For people on the breadline, their one chance of becoming rich overnight is to win ................... .

3. In Australia, basic social services such as hospitals are funded by ............................., which provide the government with ............................ and citizens with the chance of large ......................... prizes.

4. People in work pay .......................... on their ............................ . Those who are unemployed receive ............................. .

5. If you are paid by the hour you get ............................. . If you are paid on an annual basis, you get a(n) ...............-................and if you are paid for a particular service you get a(n) .............. .

6. In department stores, there are three ways of paying for goods: in cash, by ................... and by ................... .

7. Housewives running the family finances have to work within a(n) .................... .

8. If your expenditure exceeds your income, you will find yourself ..................... .

9. Graduates in the 1990's are attracted to jobs with .................. .

10. One way of investing money is to buy ............................. in a public company, the prices of which are quoted on the Stock Exchange.

11. People on low incomes sometimes take out loans from ................... which they are never able to repay.

12. For some people, living on .................. is a normal way of life.

13. Although he earns a lot of money, Tony always seems to be ................... .

14. Charles's....................lifestyle came to an end when he was made ....................... .

15. The ease with which British citizens can get credit has led to increasing …………. within society at large.

Complete the text using the words and phrases given.

• current account • debt • cope • security

• means • ready cash • income • freed • overdraft

• credit card • arrears • rich • expenses • in reserve

• capital • mortgage • assurance • foregoing

Personal Finances

Many people regard financial .............................. (1) as the most important thing in family finances. This is not the same thing as being ............................. (2). It means being able to .............................. (3) with the unexpected, being .............................. (4) from the need to think about money, living within your .............................. (5). For day to day living you need .............................. (6) but you also need a bit .............................. (7) for a rainy day.

The first thing to think about is your .............................. (8) and how much is in it. You don't want to run the risk of having an unauthorised .............................. (9), it's far too expensive .............................. (10) can be a helpful way of handling unexpected .............................. (11), but credit is always costly, and of course it's just another form of ........................... (12). In Britain many people have a very large debt called a(n) ..............................(13), a sum of money borrowed from a bank or a building society, which many regard as a good way of buying a house.

But if the payments fall into .............................. (14), your house could be sold to pay off the debt. Life .............................. (15) and pensions are an important aspect of feeling secure, and if you don't make provision early, retirement can be a financial shock. It's worth ............................. (16) some jam today for a bit more bread tomorrow.

Finally, investments. You need to invest in an area where there is some potential for your .............................. (17) to grow while you still have a(n) .............................. (18). You could choose shares, unit trusts, or government securities. If you do all these things, you shouldn't have to worry on a day-to-day level.

THEME ONEEasy Money

Date: 2016-03-03; view: 1235