Theme: Budget and investment Discussion Brainstorming



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Theme: Budget and investment

Discussion Brainstorming (without thinking to say)

Budget” in your mind….



Are you good financial manager in your daily life…… why/why not?

Investment is very important because………

In which branch of life, to invest money is useful……

Study and learn new words

English

English

Equivalents

Uzbek

Russian

Enormity

An action that is morally wrong

Zo’ravonlik

Насилие

Crumbled

To stop existing or being effective

foydаsizlik

Без полезно

Payroll

A list of all the people that a company employs and the money that each of them earned

To’lov vedmosti

Платёжная ведомость

Fuzzy

Difficult to understand

Anglash qiyin

Нечеткий

Donation

The act of giving money or good to an organization

Pul ajratish

Дарение

Victim

Smth that is badly affected by a situation, adecision

Qurbon

Потерпевший

Task 1. Read the direction

Create a Short-Term Budget

Some people spend their incomes without thinking of what they are doing or whether their buying decisions make much sense. They may realize that they must pay their rent and insurance bills, or make monthly car payments. However, beyond these large and regular expenditures, things can get kind of “fuzzy.” It is not uncommon for people to run out of money from one paycheck to the next.
Making and following a budget is an obvious answer to this problem, but it is hard to do when you’re not really aware of where your money goes.
To take control of your financial situation, you should first create a series of short-term budget worksheets. These are documents that record all income and spending that takes place over a specific period of time, most often one month. When bills, such as insurance, are paid only once or twice a year, you must include an appropriate share as spending in each worksheet.

Task 2. Consider Simpson’s budget worksheet for June, and then answer the questions that follow.



  1. How much was Simpson able to save in June?

Simpson was able to save $30,06 in June

  1. Which sources of her income may not be the same from month to month?

Savings, interest, babysitting job

  1. Which types of spending might not be the same from month to month?

Credit card bill, telephone bill, groceries

  1. Why would a series of short-term budget worksheets be needed to develop a long-term budget?

A series of short-term budget worksheets can show your stable income and spending which help to develop a long-term budget

Task 3. Create a short-term budget worksheet of your own. Do you find any surprises in how you receive or spend your income?

Income

Amount

Outcome

Amount

Date

Source

$

Date

Purpose

$

9.03

Studentship

83000

01.03

Telephone bill

70000

15.03

Tutorial job

300000

10.03

New dress

200000

20.03

Birthday gift

150000

17.03

Groceries

300000

Total

553000

Total

570000

Deficit: 37000



Task 4. Workwithapartner.Discussthequestions.

Speaking&Vocabulary:investments
How many different kinds of investment can you think of?
What kinds of investments do you, your friends or family have?
What are the safest and the riskiest investments at the present time?
Who would you go to for investment advice? Why?

Task 5. Completesentences1–7withthephrasesa–g. Useadictionaryifnecessary.

a and create a company e to pay the dividends that have been

b for other people to calculate promised c of your current investors f when you can attract no new investors

d on their invested capital g with the capital of new investors

Run your own Ponzi Scheme in 7 Easy Steps!

1 Raise a small amount of capital …………
2 Attract investors by promising high returns………. .
3 Use the invested capital ……………
4 Attract more investors by using the word-of-mouth recommendations ……….
5 Continue to pay high returns ……………
6 Make sure that your assets are hidden or difficult…………….
7 Make sure that you have a plan for the day …………

  1. A

  2. D

  3. F

  4. C

  5. G

  6. B

  7. E

Task 6. Reading
a) Readthearticleandchoosethebesttitle,1,2or3.
1 Bernie Madoff: no regrets
2 Never trust your children
3 The world’s greatest thie

Correct: 3

b) Explainthewordsinitalicsinyourownwords.
1 One day, at the end of 2008, Madoff’s empire crumbled (last power and stopped existing).
2 To help him to manage the fund, he had taken more and more of his family members onto the company payroll. (they’re employed by company)
3 Countless pension funds went up in smoke. (be destroyed, come to nothing)
4 Thousands of families were ruined. (the families lost all their money)
5 Madoff acknowledged the enormity of his crimes. (difficult situation)
6 Billions of dollars are still not accounted for. (being worried of losing some of them)
7 The full story may never be revealed. (to be make known the information which was secret)


Task 7. Writeashortsummary(maximum100-120words)ofthe article.

Madoff's apparently ultra-high returns persuaded clients to look the other way. In fact, he simply deposited their funds in an account at Chase Manhattan Bank—which merged to become JPMorgan Chase & Co. in 2000—and let them sit. The bank, according to one estimate, may have made as much as $483 million from those deposits, so it, too, was not inclined to inquire.



When clients wished to redeem their investments, Madoff funded the payouts with new capital, which he attracted through a reputation for unbelievable returns and grooming his victims by earning their trust. Madoff also cultivated an image of exclusivity, often initially turning clients away. This model allowed roughly half of Madoff's investors to cash out at a profit. These investors have been required to pay into a victims' fund to compensate defrauded investors who lost money.
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