Do You Use a Budget?

Theresa Dash - author of the lesson   Theresa I December 03, 2021
General English, Speaking Lessons
B2 Upper-Intermediate
Phrasal Verbs
Grammar, Speaking, Vocabulary, Listening
Lesson ID
Lesson Time
45 minutes
In an online English class, students discuss money management and budgeting, practicing phrasal verbs and relevant vocabulary.

Lesson Overview

It’s time to balance the books! In this lesson, students will discuss the topic of money and using a budget. This lesson features a video of people being interviewed about their spending and saving habits. Students will learn and practice phrasal verbs and vocabulary relating to this topic. The lesson includes plenty of engaging discussion activities and worksheets that have been developed for adults and teenagers.

Lesson Objectives

  • Grammar: Students will explore the usage of phrasal verbs related to financial activities, such as "cut down on," "save up for," and "dip into." They will practice forming sentences with these phrasal verbs to discuss financial habits and decisions effectively.

  • Listening: By listening to interviews about spending and saving habits, students will enhance their ability to understand diverse opinions and experiences related to budgeting. They will focus on identifying key financial terms and phrasal verbs used in real-life contexts.

  • Speaking: Participants will engage in discussions about their own budgeting practices and views on money management. They will use newly learned vocabulary and phrasal verbs to express their opinions, share personal experiences, and debate the necessity and effectiveness of budgets.

  • Vocabulary: The lesson will introduce and practice vocabulary related to money management, including terms like "budget," "savings," "expenses," and related phrasal verbs. Students will learn how to use these terms in conversations about financial planning and spending priorities.

  • Cultural Awareness: Students will discuss cultural differences in attitudes towards money, such as savings, spending, and the use of budgets. They will explore how cultural background can influence financial decisions and perceptions of money management.

  • Homework: Students will complete exercises to reinforce their understanding of phrasal verbs and prepositions used in financial contexts. They will choose the best options to complete sentences, fill in the correct prepositions, and correct mistakes in usage. Additionally, they will reflect on their spending habits by answering questions related to their personal budgeting experiences.


Do you use a budget? In this video, a personal finance expert and a self-made millionaire explain the truth behind budgets and whether they are actually needed in order to become successful. Listen to what people of New York City think about money and budgeting.

Video Transcript

Vocabulary and Pronunciation

budget [noun]: a financial list of expected expenses and income over a particular period
app [noun]: short for application
gotta [verb]: the short form of “got to”
fiancé [noun]: a person who promised to marry another
pay something off [phrasal verb]: to give back all the money that you owe
sick of something [phrase]: to be annoyed with something because you have experienced too much of it
hold your horses [idiom]: used when you want to tell somebody to stop and reconsider their decision or opinion about something; stop and think again
lay something out [phrasal verb]: to explain something in a clear and detailed way
splurge [verb]: to spend a lot of money on buying expensive goods
self-made [adjective]: made by oneself; successful as a result of one’s own effort
side hustle [noun]: a job that you do in addition to doing your main job, for extra income
scarcity [noun]: a lack of something
mindset [noun]: a way of thinking or set of attitudes held by someone
plain [adverb]: completely
look back [phrasal verb]: to think of something that has happened in the past
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