LESSON OVERVIEW

The main objectives of this lesson are to:

• talk about personal perspectives on money;
• listen to and analyse excerpts from a podcast on financial literacy;
• elaborate on money and financial management practices.

This speaking lesson focuses on talking about money and finances. Students discuss vocabulary they would use to talk about financial literacy, listen to excerpts from a podcast on the topic and examine what people struggle to understand in terms of their finances. They also talk about their experiences and perspectives on financial education, analyse money-related situations and share their ideas on different aspects of money.

This is a Speaking Class worksheet. It includes a variety of tasks that let your students practise their speaking skills. This lesson format does not focus on grammar or vocabulary. Learn more about it here.

VOCABULARY AND PODCAST

This lesson starts with a warm-up in which students choose words (e.g. relevant, straightforward, overrated, etc.) they would use to talk about financial literacy and explain their reasoning. They can also do an extra vocabulary activity where they find one word to complete the gaps in different sentences. The task helps students practise vocabulary for talking about money and finances. After that, they listen to an excerpt from a podcast about the results of a survey on financial literacy. They complete statements with their own ideas about what they hear and compare with a partner.

Then, students say how they would assess their knowledge of some financial areas (e.g. savings accounts, credit and debit cards, loans and mortgages, etc.). They comment on what people struggle to understand in these areas. Following that, students listen to the second excerpt from the podcast and complete a statement saying whether they agree or disagree with the speaker and explain their ideas. 

DISCUSSION

In this part of the lesson, students continue talking about money and finances and discuss questions about financial education, its importance, ways to improve financial literacy, institutions’ communication, and the perception of money-related discussions. After that, they read different financial situations and brainstorm what people should do in each case. Then, students comment on statements of possible perspectives related to the situations. Finally, they elaborate on statements about different aspects of money, including social perception, generational differences, financial crime, health impacts, social hierarchy, and financial management practices.