TOEFL Q7: Spending Money


In this lesson, your tutor will help you go over question one from the TOEFL speaking test. Read the question below out loud with the tutor.

One of your friends has recently received a lot of money. How do you suggest that your friend use the money? Include specific details and reasons in your response.

Preparation time: 15 seconds l Response time: 45 seconds


Choose a question at random from the list below. Answer the question right away without making notes. Try to speak for at least 10 seconds.

  • What are two things you would like to buy if you had a lot of money? I would like to buy a big apartment in the middle of Seoul. I would also like to buy an expensive sports car, such as a Porsche.
  • What are some of the most expensive things people must pay for in their lives?
  • How can you use that money to make more money?


Use the following pointers as a guideline to refine your answer.

  1. Introduction
    • I would suggest that my friend saves the money
  2. Come up with supporting ideas
    • put money into a savings account
    • can prepare for the future
    • money can earn interest
    • can also earn more money
    • pay for college
    • put down money for an apartment
  3. Come up with details to explain two of your supporting ideas
    • prepare for the future: She could use the money to pay for an apartment when she is older.
    • earn more money: She can put the money into a savings account and earn interest.

Sample Answer

Reading great sample answers is one way to improve. Go over the sample answer with your tutor. Ask questions if you have any.

Sample Answer

If one of my friends received a lot of money, I would suggest that she save the money. One reason is that she could prepare for the future. For example, my friend could use the money to pay for an apartment when she is older. Saving the money is also a good idea because my friend can earn more money. She can put the money into a savings account and earn interest. Overall, I feel that it is best for my friend to save the money.

Further Study

Got more time? Here is a list of common vocab words related to the text you studied today. Go over each one with your tutor.

Additional Expressions
savings account (n) a bank account in which people keep money that they want to save
e.g. She opened a savings account.
interest (n) money paid to you by a bank for the money you have in a bank account
e.g. He made about $500 in interest last year.
retirement (n) the act of ending your working or professional career : the act of retiring
e.g. She decided to take an early retirement.
parvenu (n) a person from usually a low social position who has recently or suddenly become wealthy, powerful or successful but who is not accepted by other wealthy, powerful and successful people
e.g. He was a rich parvenu who brought his son at an early age to Paris.
squander (v) to use (something) in a foolish or wasteful way
e.g. She squandered her inheritance.
donate (v) to give (money, food, clothes, etc.) in order to help a person or organization
e.g. We donated our old clothes to charity.
charity (n) the act of giving money, food or other kinds of help to people who are poor, sick, etc.
e.g. The holidays are a time for charity and goodwill.
stock (n) a share of the value of a company which can be bought, sold or traded as an investment
e.g. The value of his stocks soared.
real estate (n) property consisting of buildings and land
e.g. He sells real estate.
tuition (fee) (n) money that is paid to a school for the right to study there
e.g. Her uncle agreed to pay part of her tuition.

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