Reading
2. PW. Read and explain the meaning of new expressions and share your ideas on "How to create a realistic budget and how to keep it".
Five Benefits of Keeping a Budget

1. A budget allows you to spend money on things you really need or want. A budget requires you to keep track of your expenses. You see where your money actually goes and plan where to cut back on spending. The money you used to spend daily on little things like coffee or taxis can go toward something more important.

2. A budget can keep you out of debt. With a budget, you know whether or not you’re living within your means. If you use credit cards, this may not be obvious. You might have extra cash at the end of each month and think that you’re OK. But, if you’re not paying your credit card bills in full, you’re probably living beyond your means.

3. A budget can make you better prepared for emergencies. A budget requires you to put some money away in savings. So, if you find yourself in a difficult situation or faced with unexpected expenses, you’ll have some extra money you can fall back on.

4. A budget can help you reach your saving goals.Whatever you are saving for, you need a plan that tells you how much you have, how much you need to spend, and how much you can save.

5. A budget gives you peace of mind because it allows you to stop worrying about how you’re going to make ends meet.

3. PW. Read and discuss the steps in creating a budget.
1. Define your income
2. List and reconsider your expenses
3. Find the difference. Are you spending more than you’re earning each month?
4. Create your realistic budget:
a) remove or lower your unnecessary budget
b) find a part-time job to increase your income
5. Spend at least one hour per month on financial planning
4. PW. Complete the expressions and use them to make up sentences.

to quit ... to make ... to have ... fall back on ... keep you out of debt ... | to put away ... to keep ... to add up ... to create a realistic budget ... to increase ...