Saving Money

Many bundles of US dollars bank notes


After a quick greeting, use the following questions as a guideline to form an interesting conversation with your tutor. Feel free to diverge from these suggestions if anything interesting comes up.

  • Is it better to enjoy your money when you earn it or is it better to save your money for some time in the future? Use specific reasons and examples to support your opinion.
    • What are the benefits of saving money?
    • What are the benefits of enjoying your money when you earn it?
    • Is there a balance of enjoying and saving money?


Skip this section if you have 15 minute plan. Read the word/expression and definition out loud, and your tutor will go over anything you do not understand. Practice creating a sentence or two to make sure you know how to use the word/expression properly.

Vocabulary/ Expressions

Expression Definition
stockpile (n) large accumulation
Rather than investing he kept a stockpile of resources.
percentage (n) a proportion of a larger sum
She wondered what percentage she could save and still pay the bills.
frugal (adj) sparing or economical with money
By using coupons and finding sales, she was frugal with her money.
lavish (adj) very generous or extravagant
Their lavish grandmother always brought them presents.
conserve (v) prevent the harmful waste or overuse of a resource
She kept a portion of her paycheck to conserve and save for the future.
splurge (v) spend money freely
He decided to splurge on a new bike.
split up (expression) separate into sections
What’s the best way to split up a paycheck?
divvy out (expression) divide, share
The manager had to divvy out the holiday bonuses to the employees.
file away (expression) put away for storage
She filed away her checks before she could spend them.
break the bank (expression) use up all your money
The new house renovations were close to breaking the bank for the couple.

Something Extra

Read the following quote out loud.

“If you must have motivation, think of your paycheck on Friday.”
― Noel Coward


Go over any new expressions or vocabulary that you learned today.

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