The key answer of exercise 2
The key to exercise solutions in chapter 8g - Across the Curriculum for the textbook Spark 4 - Student's Book with authors Virginia Evans, Jenny Dooley from Express Publishing
Question
Read the text again and answer the questions.
- How can you set a budget?
- Why is it important to set a budget?
- Why should we save money?
- Do you agree with the author's advice? Why/Why not?
Answer
- To set a budget, you should make a note of your weekly and monthly expenses, organizing them into categories such as food, clothes, transport, and entertainment. Then, compare these expenses with the money you receive, like pocket money or money from a part-time job. Decide how much you can afford to spend on each category and look for areas where you can cut back.
- Setting a budget is important because it helps you track your spending, avoid overspending, and ensures you manage your money effectively. It allows you to see where your money goes and helps you make adjustments to avoid running out of funds.
- Saving money is important for unexpected expenses, such as concert tickets or buying a new mobile phone, as well as for long-term goals like going on holiday or paying for university fees. It helps you prepare for the future and handle emergencies.
- Yes, I agree with the author's advice. It provides practical and realistic steps for managing money, such as tracking spending, saving for emergencies, and adjusting the budget when needed. This helps develop good financial habits and ensures you stay in control of your finances.
Test your Knowledge
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