Unit 6.Money and business

2. Ways of spending money
CASH
Coins and
banknotes
CREDIT CARDS
The bank lends
us money and we
pay it back later.
We pay interest
to the bank.
DEBIT CARDS
The money
leaves our bank
account
immediately.
People can spend money on products and services.

3. Ways of saving money
SAVING ACCOUNTS
People put money into the
account, and the bank
pays
interest on it.
MONEY BOX
A money box is a box or
container where people save
money. You can put money
into a money box whenever
you want.
People save money for different reasons. For
example, to buy a house or for a holiday.

4. SHARES
You invest money in a
business and buy a part of
the company. You receive
some money if the business
does well.
Ways of investing money
Some people invest money. When you invest, you
buy something with the objective of making more
money.
BONDS
If you buy bonds, you lend
money to the government
or a company and they pay
you interest.

5. We spend money on consumer products and
services.
CONSUMER PRODUCTS
SERVICES
HIGH ORDER PRODUCTS
-They have a high price (cars,
houses, fridges, computers…)
-We don`t buy them regularly.
LOW ORDER PRODUCTS
-They have a lower price (food,
drinks, medicines…)
-We buy them regularly.
Gas, electricity and water are services. We receive bills that we
have to pay.
Bars, cinemas, restaurants… are other services.

6. Where do we spend money?
Town centres Shopping centres
The Internet

7. A budget is a plan of how much money we
can spend and how we spend it.
HOUSEHOLD BUDGETS
Many people use budgets for
their food shopping.
BUSINESS BUDGETS
Businesses use budgets to plan
their costs.

8. SELF-EMPLOYED
Self-employed people
work for themselves.
Ex: electricians,
plumbers…
SMALL BUSINESS
A small business employs
a small number of
people. Ex: transport…
COOPERATIVE
All the people working in
the company are
owners.
CORPORATION
It is owned by the people who
have shares in the company.
Some corporations are very
big and operate in many
countries. They are the
multinationals.