Shukrullo

1. THEME: MONEY
The role Money Plays in My Life.
What is money?
What can you do with money?
How important is it to save money for the future?
Do parents and children have different attitudes to
saving money?
Done by ; Nosirov D
Received by: Xidirova M

2. What is money?
• Most of us use money on a daily basis, whether it's to buy things, get
paid, or transfer money to a friend. Through the ages, money has taken
various forms - from gold and silver through to the two types of
money used today: cash and bank deposits. Everyone uses money. We
all want it, work for it and think about it. While the creation and
growth of money seems somewhat intangible, money is the way we
get the things we need and desire. The task of defining what money is,
where it comes from and what it's worth belongs to those who dedicate
themselves to the discipline of economics. Here we look at the
multifaceted characteristics of money

3. The role Money Plays in My Life.
•Well,moneyobviouslyplaysafundamentalroleinmylife.Iusemoneyto
buydailynecessities;1havetopaythebills(water,electricity).Iuse
moneyeveryday,andmylifewouldbealotmorecomplicatedifIdidnot
haveanymoney.
•Nextyear,1wanttocontinuemystudiesinAustralia.Iamplanningtoget
aBachelor’sDegreeinBusinessatSydneyUniversity.Iwillneedtospend
ahugeamountofmoneyontuition.Ithinkitwillcostmeabout
AUS$30,000ayear;andIplantostaythereatleast3years.Myparents
willsupportmefinancially,butitalsomeansthatIwillbeunderalotof
pressurebecauseIdefinitelyneedtostudyhardandpasstheexams.Itis
similartoaninvestmentinmyfuture:Imustpayfirstinordertomake
moremoneylateron.

4. • My parents have always told me that money was not easy to get. I
remember my father telling me, when I was a child, that money did not
grow on trees. My father has always emphasized the fact that it was
important to save and not to waste money.
• In the future, 1 would like to work for a big company as a manager not
only because 1 like to have responsibilities, but also because I really want
to earn a decent salary and lead a comfortable life. I really hope to make
enough money to buy a new house for my parents to retire in the
countryside.
• I agree when people say that money is not the most important thing in
life. We say that “Money can’t buy everything,” but it helps... Without
money, our lives would be a lot more challenging. I would not be here
taking the IELTS test, getting ready to study overseas for example. Money
definitely plays an essential role in our lives.

5. What can you do with money?
The most obvious 'function' of money is simple: it makes it easy for people
to buy and sell things. It is seen as a reliable 'medium of exchange’ between
buyer and seller. For this reason alone money is considered central to the
workings of the modern economy. But money has other uses, too. It is a
way to store value for the future.
Can money buy everything?
• No, definitely not. Although money can help you with a lot of things in life, cash
doesn’t buy health, or happiness, or love. Someone could be rich but have cancer.
A workaholic could get a high salary but still be on his own when he comes home.
However, there is no doubt that money can make our lives more exciting. Without
any money, I wouldn’t even consider applying to a foreign university. I wouldn’t
get to travel or party with my friends. Money can’t buy everything, but it
definitely helps.

6. How important is it to save money for the future?
• It’s fundamental to save money for the future for many reasons. First
of all, if you really want to enjoy life, you need to put money aside to
pay for a holiday or to buy a car or a house. In addition, in case of
emergency, it’s wise to have money saved somewhere. For example, if
someone in my family gets sick, which I hope won’t happen (knock on
wood!), getting a top-notch doctor or surgeon costs a lot of money in
my country, and it’s essential to have enough to afford medical care.
On top of this, if you want to get married, you need money for a
wedding or a honeyrmoon trip. Later on. you have kids, and giving
them a good education comes at a price. Saving money is
indispensable in today’s world.

7. Do parents and children have different attitudes
to saving money?
• Yes, most probably, because children don’t usually fully understand
the notion of money. Young people don’t need to worry about money
or their future, because their parents are taking care of them.
However, I think that children’s attitude towards money will depend
on their parents’ behavior. Parents act as role models for their kids
and kids will imitate their folks (= parents), no matter whether
they’re careful about money or don’t hesitate to spend it.

8. Do you think that credit cards have changed
people's shopping habits?
• Yes, definitely! When people go to the mall, they don’t need to carry
lots of cash with them. So it’s very convenient because people can buy
expensive stuff anytime and almost anywhere. In addition, even if they
don’t have much money on their credit cards, people can still swipe
them and buy stuff. They go into debt but they usually have a month to
pay the bank back. So credit cards definitely facilitate shopping (=
make shopping simple) for customers. However, in my country, we
still can’t use credit cards in every shop, but it’s spreading quickly
everywhere.

9. Are there any dangers of using credit cards for young people and for
society?
• Yes, there might be some dangers for people who are not that (=* so)
responsible, because they might buy too much and not realize how
much they have spent. Later on, they won’t be able to pay the bank
back if their balance is very low. As a result, they might have massive
(= huge) debts to pay at a very young age if they are not mature (=
responsible) enough. I guess having a credit card makes it look very
easy to buy things.

10. How do governments raise money?
• Well, governments raise money from taxes and different fees. For
example, whenever people want to apply for an ID card, or a passport,
or a visa, they must pay money to the government. Whenever we want
to drive on the highway, wc also need to pay tolls. Many companies
like real estate agencies also need to pay a high fee to run their
business. In addition, I suppose that governments can get a loan from
the World Bank or another international bank.

11. What Would You Do with One Million Dollars?
• If I ever received one million dollars, it would be so amazing that I would
probably scream out loud and jump around for a minute or two; I might even cry
for happiness! But then, I would have to think very carefully in order to decide
what to do with the money. A million dollars is a large amount but it is not enough
to go really crazy.
• Of course, on the first day or two, I would go shopping and buy some nice clothes
for myself and my best friends. I would buy a couple of gifts for my relatives too.
I would make sure that everyone is delighted with my presents, but I would not
tell them that I have just won the equivalent of 7 million yuan, to avoid jealousy or
greed.
• After this, I would definitely buy a nice car for my parents. I wouldn’t spend a
fortune, but I would buy a vehicle spacious and powerful enough to make my
parents’ life easier. 1 would probably pick a German car because they are
renowned for being reliable and well- made automobiles.

12. • In addition, I would invest in probably two apartments: one for my parents in Fuzhou, and another one in
Xiamen. At the moment, my parents live in an old house in the outskirts of the city. I would get them a bigger
place closer to West Lake Park, or along the river, for them до enjoy a better lifestyle. I would purchase a flat
in Xiamen, because it is a very pleasant city, with the ocean and the prestigious university, and also because it
could be a good investment for the future. I am sure that the price of the square meter in Xiamen will keep on
rising in the future.
• In terms of investment, I would either try to buy a shop somewhere, and rent it out in order to make money
every month, or save the money to set up my own company in the future. It would depend on my studies and
my expectations after I graduate.
• It would be nice to give money to charity too, but I would need to think more carefully about the cause I
would like to support. Poverty and illiteracy arc big issues in China. I would need to choose with caution.
• Finally, I would definitely use some of the money to travel, and see the world. Europe would be a stunning
place to start with.