Category: Homework

What is ‘Spaving’ and How Can You Avoid This Financial Trap?

In the world of handling money, there’s this thing called “spaving.” It’s a mix of “spending” and “saving.” It’s when people think they’re saving money by spending more upfront on things that seem better quality. But even though it might seem smart, it can actually cause problems with money in the long run.

Watch this video about to know more about it and get some tips on making better choices with your money and reach your savings goals easier:

VOCABULARY QUESTIONS:

  1. What does the phrase “rip-off” mean? Ex. The company got together and decided to rip-off the public. Use it in a sentence.
  2. What does the word ” enticed” mean? Ex. “Buy one, get one” has enticed you to spend more. Make a sentence suing the word.
  3. What does the word “outsmart” mean in this sentence? The algorithms are coming after you so you have to outsmart them. Use the word in a sentence.

DISCUSSION QUESTIONS:

  1. Do you think ‘spaving’ is a common financial strategy among people today? Why or why not?
  2. What are some potential advantages and disadvantages of the ‘spaving’ mindset?
  3. Can you share any personal experiences where you’ve encountered ‘spaving’ in your own life or observed it in others?
  4. What are some examples of products or services where ‘spaving’ might be particularly tempting, and how can individuals differentiate between genuine savings and falling into the ‘spaving’ trap?
  5. What alternative strategies can individuals employ to achieve their savings goals without resorting to ‘spaving’?

How the Stanley Cup Craze Has Become a Viral Sensation

In the past few years, the Stanley Tumbler has become super popular, not just for holding drinks, but also because it’s everywhere on social media and loved by lots of different people. Even though it was made for just being useful, it’s turned into a big trend that doesn’t seem to be slowing down.

Watch the video to know why the Stanley Cups became famous so quickly and be able to answer the questions below:

VOCABULARY QUESTIONS:

  1. What does the word “coveted” mean? Ex. This year’s hottest status symbol and most coveted holiday gift is the Stanley tumbler. Use the word in a sentence.
  2. What does “a flop” mean? Ex. At first, the quencher was a flop. It wasn’t until a group of working moms running the popular blog took a liking to it in 2017. Make a sentence using the word.
  3. What does the expression “seize that opportunity” mean? Ex. At this point, the quencher rise putting Stanley on the radar for more consumers and the company is looking to seize that opportunity. Use it in a sentence.

DISCUSSION QUESTIONS:

  1. What do you think are the key factors that contributed to the Stanley Tumbler craze becoming a viral sensation?
  2. How has social media played a role in amplifying the popularity of the Stanley Tumbler?
  3. Do you believe the design and functionality of the Stanley Tumbler played a significant role in its viral success, or was it primarily driven by social influence?
  4. What impact has the Stanley Tumbler craze had on consumer behavior and purchasing decisions?
  5. In your country, are there any similarities between the Stanley Tumbler craze and other viral sensations in recent years? If so, what are they?

Selling Yourself

B2 – Upper  Intermediate 

Knowing how to talk about your accomplishments at work is quite the skill to have. This could come handy if you wish to step up the corporate ladder or land that job you are applying for. In some instances, you will have to make the gatekeepers in your workplace to take notice of and come to appreciate your work.

Listen to the audio and read the transcript about selling yourself at work.

https://www.bbc.co.uk/learningenglish/english/features/office-english/240325

Vocabulary Questions:

  1. What does “to sell yourself” mean? “Now, some people hate saying good things about themselves, so we’ll start with how to talk about your strengths and then we’ll discuss the kinds of questions you might be asked in an interview or by your manager that give you an opportunity to sell yourself.” Use this phrase in a sentence.
  2. What does “to have confidence in someone” mean, “I definitely think it’s important to be able to sell yourself at work, not only for your managers and your bosses and even your colleagues to have confidence in you and your work and what you’re able to produce, but also to give yourself that confidence.” Use this phrase in your own sentence.
  3. What does “appraisal” mean here, “So we’ve got lots of ways to talk about our strengths. But when’s the best time to do it? When we’re in a job interview or an appraisal, sometimes it’s not clear what the best answers are, Phil.”? Use this word in a sentence.

Discussion Questions:

  1. Why is important to know how to sell yourself?
  2. What might be other situations where this skill would be useful?
  3. Generally, how does talking about your achievements make you feel?
  4. If you are to sell yourself, how would you do it?
  5. Talk about an instance where you had to sell yourself at work. What could you have said differently?

Being a Social Entrepreneur

B2 – Upper Intermediate

The co-founder of B-Lab UK, Charmian Love, shares what she believes are the traits of a true leader. Her leadership tips come from a social entrepreneur perspective.

Watch the video and read the transcript as Charmian Love talks about being a social entrepreneur.

https://www.bbc.co.uk/learningenglish/english/features/leadership_shorts/Ep7

Vocabulary Questions:

  1. What does the idiom “to bring to the table” mean in the sentence, “Don’t underestimate what you have to bring to the table!”? Use it in a sentence.
  2. What does the phrase “to step into” mean in the sentence, “Just recognising the really wide and diverse range in which people can step into leadership positions has been one of the joys of my journey.“? Use it in a sentence.
  3. What does the word “self-critical” mean in the sentence, “I think leaders should be very careful to not become so convinced by themselves and their own leadership model that they don’t have the ability to reflect and be, sort of, quite self-critical as needed.”? Use it in a sentence.

Discussion Questions:

  1. How do you understand the role of social entrepreneurs?
  2. How are social entrepreneurs different from other entrepreneurs? Can you give examples?
  3. What leadership insights have you learned from Charmian Love?
  4. Which leadership traits mentioned in the video do you often see in your company or society?
  5. Do you want to be a social entrepreneur? Why or why not?

Billionaires Try Hard to Look Poor

B2 – Upper  Intermediate 

The super-rich are people who are absolutely not like you and me. To say the least, they can pretty much afford anything in this world, including luxury clothes.

However, most of them try to make themselves look like they are just like any of us by wearing outfits that seem so plain and ordinary, having houses and cars that seem basic, and living a lifestyle that seem simple and frugal.

Do you ever wonder why some of the top billionaires in the world appear in public looking so simple in their regular-looking outfits like basic t-shirts instead of donning Italian custom-made suits?

Watch the video that explains the concept of poverty peacocking.

Vocabulary Questions:

  1. What does “folksy image” mean, “SBF and the rest of the gang were all frauds, but putting a lot of effort into crafting a folksy image is done by most prominent business leaders for three simple reasons.” Use this expression in your own sentence.
  2. What does “stealth wealth” mean? “Billionaires doing a Bloomberg or NAS Daily interviews featuring their basic car and geeky wardrobe is not the same thing as stealth wealth.” Use this phrase in a sentence.
  3. What does “grift” mean? “An important element of any grift like this is that people need to believe that someone has become wealthy and that they can do it too.” Use this word in a sentence.

Discussion Questions:

1. What are your thoughts on poverty peacocking?

2. Discuss each of the 3 reasons rich people try to look poor:

– It gets them what they want.

– It is an effective sales tactic.

– It helps them keep their workers in line.

3. Share your opinion on this, “Humble CEOs are the new fashion.”.

4. What are your thoughts on ‘Get Rich Quick Course’?

5. Talk about your insights on this, “Corporations became people, as people too, became corporations and every corporation needs a media relations department.”.

More Women Apply for Jobs in Europe

B2 – Upper  Intermediate 

Given the highly competitive job market and very unstable economy across the globe, people, particularly women, are not giving up on trying to find a greener pasture, even extending their job hunting across the pond. 

According to a report by the global recruitment-software platform iCIMS, more female job seekers are applying for jobs in EMEA (Europe, Middle East and Africa) rather than in North America. 

Read the article about this trend among female job hunters to find jobs in Europe.

https://www.bbc.com/worklife/article/20240401-women-job-applications-europe-vs-north-america

Vocabulary Questions:

  1. What does “in droves” mean? “In a tough job market and tumultuous global economy, women are searching for jobs in droves.” Give two (2) synonyms or similar expressions and use ‘in droves’ in your own sentence.
  2. What does “playing field” mean in this context, ”Over the years, European employers have recognised the importance of closing their workplace gender gaps and implementing initiatives that focus on equalising the playing field, which has encouraged more women to apply for jobs”? Use this phrase in your own sentence.
  3. What does “overarching” mean? “The overarching biggest factor, however, is the state of the global economy.” Give two (2) synonyms or similar expressions and use ‘overarching’ in your own sentence.

Discussion Questions:

  1. What are the drivers behind the higher volume of female job applications in the EMEA?
  2. What do you think could be consequences of this trend in the long run?
  3. Share your insights on this, “There is a structural necessity for women to participate in the workforce due to the ageing population.”. Do you think the same goes for your country? Talk about it.
  4. How does your country make it easier for younger women to enter the workforce?
  5. In your country, how have the government and employers tried to close workplace gender gaps? 

Chinese Women Teaming Up with Strangers to Save Money

B2 – Upper  Intermediate 

Amidst the low confidence in what the future holds for the economy, Chinese women are seeking for partners or “da zi” they can join forces with in order to save money.

Saving money has never been harder. Many women are concerned so they must find ways on how to cut down on their expenses wherever they can or finding something to do to earn extra bucks, thereby, increasing their savings.

Read the article about how Chinese women are teaming up with saving partners in order to be able to put some money aside.

https://www.bbc.com/news/world-asia-china-68692375

Vocabulary Questions:

  1. What does “impulse purchase” mean? “They also help to stop each other from making impulse purchases.” Use this phrase in a sentence.
  2. What does “blunt” mean? “However, if people continue to avoid spending and save their money instead it could blunt the bank’s ability to influence the economy.” Use this word in a sentence.
  3. What does “banknote” mean? ”I feel safe and satisfied seeing stacks of banknotes getting thicker and thicker.” Use this word in a sentence.

Discussion Questions:

  1. What is your opinion on having saving partners?
  2. What might be the pros and cons of having “da zis”?
  3. How has having saving partners help Chinese women save money?
  4. What are your thoughts on more traditional saving method such as keeping cash at home?
  5. Are people in your country saving more or less in the recent years? Why do you think this is the trend?
  6. What are some things you have done in order to save money? How about to make extra cash?

Qantas Passenger App Privacy Breach

B2 – Upper  Intermediate 

Australia’s flag carrier Qantas Airways got into hot water for apparent breach in their passengers’ data privacy wherein some of the app’s users saw boarding passes and flight details of other passengers. Some information included their names, scheduled flights, and frequent flyer details.

The airline denied cyber security issues and said they were able to fix the problem in just a few hours after the glitch was detected.

Read the article about Qantas’ privacy breach on its passenger app. Be ready to answer the questions that follow.

https://www.bbc.com/news/world-australia-68925710

Vocabulary Questions:

  1. What does “privacy breach” mean? “Australian airline Qantas says it is investigating a privacy breach on its app that left customers with access to others’ personal details.” Use this phrase in a sentence.
  2. Define “glitch”. “Users on X, formerly Twitter, shared screenshots of the glitch and alleged phishing attempts.” Use this word in a sentence.
  3. What does ”pose” mean in this context, ”Some appeared to show accounts posing as Qantas customer care agents asking for people’s personal information in order to assist them.” Use this word in this context in a sentence.

Discussion Questions:

  1. As an airline passenger, what did you think of this news?
  2. If you happen to come across other people’s personal info and flight details on an airline app, what do you think you would do?
  3. Qantas was quick to dismiss cybersecurity problems related to this incident. What do you think of this?
  4. Share your thoughts on how Qantas handled this incident.
  5. Have you ever had any issues on any apps? Share about that experience.
  6. Share about similar privacy breach incidents you’ve heard of.

Waffle House Under Fire for Mandatory Meal Deductions

B2 – Upper Intermediate

Lunch break is a good chance for workers to disconnect from their work while enjoying their meal. Some workers prefer to bring a packed lunch from home while others like to dine out with their colleagues.

This is a break during the workday where workers can relax and decide what they want to do and what they will have for lunch. What if your company imposes what you should eat for lunch and charge you for it regardless if you consume it or not?

Let’s read the article and know more about this unfair long-standing policy that docks Waffle House employees’ paychecks.

https://www.huffpost.com/entry/waffle-house-mandatory-meal-deductions_n_66017bebe4b08460c3e7d35a

Vocabulary Questions:

  1. What does “to live paycheck to paycheck” mean? “Many Waffle House workers are living paycheck to paycheck and do not have stable housing and transportation.” Use it in a sentence.
  2. What does the verb “spearhead” mean? “It formed last year out of the union’s long-running Fight for $15 campaign, which spearheaded fast food strikes and helped spur minimum wage hikes around the country.” Use it in a sentence and give two synonyms.
  3. What is the meaning of the idiom “to work for scraps and pennies“? “One employee told the outlet they were working for scraps and pennies.” Use it in your own sentence.

Discussion Questions:

  1. What are the details of Waffle House’s mandatory meal deduction policy?
  2. What is your opinion on this clause in the Waffle House manual? “Meals must be consumed at the [restaurant] and no food can be taken home under this meal policy. Any food actually taken home by such an Associate will be considered a ‘To Go’ order and must be paid for at full price.“
  3. Is mandatory meal deduction in restaurant industry allowed in your country? What are the requirements?
  4. What are the working conditions of minimum wage workers in your country?
  5. Share some other ridiculous policies you’ve heard some companies have.

Retirement Feels Impossible Today

B2 – Upper Intermediate

How would your life be like if you can go without alarm clocks, when you are not under time constraints, and when you can enjoy the company of your loved ones, and live a carefree and leisurely life?

It sounds a lot like retirement, doesn’t it? But everything around us took a sharp turn for the worse, and now enjoying our later years seems like a pipe dream.

Watch the video, to find out more about why retirement seems unattainable these days and get some tips on how to prepare for it.

Vocabulary Questions:

  1. What is the meaning of “evolving landscape“? “The process of saving money has become more complex. Despite these obstacles, there are still ways to successfully navigate this evolving landscape.” Use it in your own sentence.
  2. What does “safety net” mean? “When you stop working, it’s kind of like a safety net for your older years.” Use this expression in your own sentence.
  3. What does “tucked away” mean?” “Graduating with a substantial student loan debt means that a significant portion of your earnings is dedicated to debt repayment rather than being tucked away for the future.” Construct a sentence with this term.

Discussion Questions:

  1. What are the 9 reasons mentioned in the video of why retirement is impossible today? Drawing from your experience or observation, do you concur with these reasons?
  2. How has retirement changed in your nation? and what are the factors that affect it?
  3. Do you think it’s necessary to make retirement plans? Why?
  4. Considering the various challenges people have when trying to save for retirement, are there any strategies you can think of to guarantee a better retirement?
  5. Do you find retiring to be bothersome at this time, given how drastically society is changing over time? How do you respond to it?