LESSON OVERVIEW

Teach your students finance vocabulary and encourage them to talk about good and bad financial decisions. In this lesson, students will also watch a video and share some financial advice. 

WARM-UP & FINANCE VOCABULARY

In the warm-up activity, students discuss some questions related to personal finances. Then, they read ten sentences containing finance vocabulary (e.g. invest in, stocks, budget, lease). They need to choose the correct definition of each of the words and phrases. They also decide which of the sentences are true for them. Before watching the video, students read a short text about 401(k) and discuss whether they have something similar in their country. While watching the video for the first time, students do a comprehension task. They need to match speakers with the things they talk about. During the second viewing, students complete gaps in the sentences with the information from the video. 

DISCUSSION

Students use the finance vocabulary throughout the second part of the lesson. First, they discuss some questions about financial decisions presented in the video. Students also read some financial tips (some of which are pretty unusual). They need to explain what they think the tips mean and share their opinions about the tips. Finally, students read two situations: about a student who struggles with finances and a man who inherited some money. They have to give three pieces of advice to each person and explain why they think it would be good for them to follow the advice. 

HOMEWORK/REVISION

The lesson includes a supplementary task to practise the finance vocabulary from the lesson. In the task, students need to comment on some situations using the target lexis. The task is available in the teacher’s version of the worksheet and can be printed for students or accessed in the e-lesson plan for online teaching.