📖 Key Vocabulary — Pre-teach Before Class
Introduce or review these words with students before starting the lesson so they can use them during speaking practice.
1to budgetto plan how to spend and save money carefully
2to save upto gradually put money aside for a future purpose
3disposable incomemoney left over after paying for necessities
4to overspendto spend more money than you can afford
5a part-time jobwork that involves fewer hours than a full-time position
6an allowancemoney given regularly, often by parents, for personal use
7to splurgeto spend a lot of money on something enjoyable
8financial independencethe ability to support yourself without relying on others
9a bank statementa document showing all transactions in an account
10to withdrawto take money out of a bank account
11to depositto put money into a bank account
12a financial goala target amount of money you plan to save or earn
13impulse buyingpurchasing something without planning it in advance
14a discounta reduction in the usual price of something
15to be in debtto owe money to someone else
16a loanmoney borrowed that must be paid back, often with interest
17interest ratethe percentage charged or earned on borrowed or saved money
18a bargainsomething bought at a lower price than usual
19to live within your meansto spend no more money than you earn
20financial literacythe knowledge and skills needed to manage money wisely
✍️ Vocabulary Practice — Fill in the Blank
Complete each sentence below with the correct word or phrase from the 20 vocabulary words above. Use each word only once.
▼
a bank statement
a bargain
a discount
a financial goal
a loan
a part-time job
an allowance
disposable income
financial independence
financial literacy
impulse buying
interest rate
to be in debt
to budget
to deposit
to live within your means
to overspend
to save up
to splurge
to withdraw
- To pay for his university tuition, he applied for from a local bank with a low interest rate.
- It is easy during holiday sales, especially when shops advertise discounts on almost every item in the store.
- Moving out and finding a stable job gave her a strong sense of for the first time.
- After paying rent, utility bills, and tuition fees, her was barely enough to cover weekend outings with friends.
- He never expected to two different friends just weeks after borrowing money to fix his motorbike.
- It is essential wisely each month so that rent and food expenses never come as a surprise.
- Minh decided for six months before he finally had enough money to buy a new laptop.
- A financial advisor's most common piece of advice is simply rather than relying on credit cards.
- The store offered of twenty percent on all shoes during the back-to-school season.
- Saving enough money for a study-abroad trip became during her final year at university.
- Before opening a savings account, it is wise to compare the that each bank offers.
- Before applying for the scholarship, she had to print showing her family's monthly income and expenses.
- Many university students take at coffee shops or restaurants to earn extra money during the semester.
- Every month, Lan's parents give her to cover her transportation and lunch expenses at school.
- He walked to the nearest ATM enough cash to pay for his textbooks and photocopies.
- Every payday, Tuan chooses half of his salary directly into his savings account.
- She was thrilled to find on a winter coat that was originally twice the price.
- Online shopping apps often encourage by offering flash sales that last only a few hours.
- Schools in many countries are now teaching so that students learn to manage money before adulthood.
- After receiving his first salary, he decided on a nice dinner with his closest friends.
1.a loan
2.to overspend
3.financial independence
4.disposable income
5.to be in debt
6.to budget
7.to save up
8.to live within your means
9.a discount
10.a financial goal
11.interest rate
12.a bank statement
13.a part-time job
14.an allowance
15.to withdraw
16.to deposit
17.a bargain
18.impulse buying
19.financial literacy
20.to splurge
🕐 0'–10': Warm-up & Opening Question
Purpose
Help everyone relax, get comfortable speaking, and activate ideas.
Teacher asks👉 "How do you usually manage your money each month?"
Follow-up questions- Do you prefer saving money or spending it on things you enjoy?
- Have you ever set a financial goal for yourself?
➡ Each student answers briefly (about 1 minute); the teacher asks 1–2 short follow-ups to keep it natural.
🗣️ 10'–45': IELTS Speaking – Part 2 Practice
Format: 1 minute preparation · 2 minutes speaking per student. Students choose or are assigned ONE of the topics below:
Topic 1
Describe a time when you saved money for something you wanted.
You should say:
- What you were saving for
- How long it took you to save enough
- How you managed to save the money
- And explain how you felt when you finally bought it
Topic 2
Describe a person who manages money well.
You should say:
- Who this person is
- How you know them
- What they do to manage their money
- And explain why you admire their approach to money
Topic 3
Describe a part-time job or piece of work you have done to earn money.
You should say:
- What the job was
- How you found it
- What your main responsibilities were
- And explain what you learned from the experience
➡ Timing suggestion: 1 minute for preparation, then start speaking.
💬 45'–55': Follow-up Discussion (Part 3 style)
The teacher chooses questions related to the topics above, for example:
Saving & Spending Habits
- Why do you think some people find it difficult to save money?
- Do you think young people today spend money more carelessly than in the past?
- What are the advantages and disadvantages of using credit cards?
Money & Society
- Should schools teach students about managing money and personal finance?
- Do you think money can buy happiness?
- How important is it for parents to give their children an allowance?
to budget – to plan how to spend and save money carefully
financial literacy – the knowledge and skills needed to manage money wisely
to live within your means – to spend no more money than you earn
impulse buying – purchasing something without planning it in advance
➡ Students discuss briefly; the teacher adds ideas, vocabulary, and useful structures.
🌟 55'–60': Wrap-up & Closing
- Quick recap of interesting or strong answers.
- One student summarizes what they learned today.
- Thank the teacher for joining.