SO A
N MP
H OT LA
E
LI COCO PY

D10 WAYS TOPOCKET READERS
10 WAYS TO - Series Overview

SO A
N MP
H OT LA
E
LI COCO PY

The 10 WAYS TO series provides advice, skills, andstrategies to the readers for successfully negotiating
different aspects of life. Each book suggests 10 clear,
useful ways to the reader. The reader is encouraged
to critically reflect on the reading material and theirown lives in order to make any changes that would
benefit them.The series includes the following.
10 ways to achieve work-life balance
10 ways to be more productive
10 ways to manage money
10 ways to be successful in love
10 ways to be assertive
10 ways to be smart online
10 ways to be environmentally friendly
10 ways to be healthy
10 ways to work in a team
10 ways to organize a trip

D•
•
•
•
•
•
•
•
•
•

More titles will appear in the series at a later date.

2

Manage Money

10 WAYS TOManage Money.... 4

1. Make a budget.... 6S
O AN MPH OT LAELI COCO PYIntroduction.... 8

3. Invest your money...10

4. Have money for emergencies... 12

5. Avoid debt... 14

6. Think before you spend... 16

7. Reduce what you spend... 18

8. Get money from different places... 209. Donate time and money... 22

10. Be happy with what you’ve got... 24

Summary... 26

Reflection Questions... 28

Vocabulary in Context... 29Vocabulary List... 36D

2. Save often3

10 WAYS TO

Introduction

SO A
N MP
H OT LAE
LI COCO PY

In life, money is important. We use it
to pay for things we need. We use it
to pay for things we want. Most of us
get money by working. Workers may
have one main job or many different
jobs. They get a salary every week or
every month. Students may get moneyby doing a part-time job. They may getmoney from their parents or family.

DMoney, however, is very easy to spend.
It can go very quickly. On pay day,people go to the bank. They get theirsalaries. Then, they pay their rent andbills. They buy food and drink. Theygo shopping. They go out with friends.
But, everything costs money. They return to the bank to get more money.

4Manage Money

And soon, there is no money left.
They have nothing. They have spent
all their money.

SO AN MPH OT LAELI COCO PY

Managing money is a very important skill. We want to make sure that
we have enough money to pay for thethings we need. We want to make surethat we can buy the things we would
like to have. And, we want to makesure we save some money for thefuture.

DNow, stop and think for a moment.
Do you often spend too muchmoney? Do you always run out ofmoney? Do you have no money
saved? Let’s look at ten ways to manage your money better:5

10 WAYS TO

1. Make a budget

DSO AN MPH OT LAELI COCO PY

Every month, you should make abudget. Write down how much money you will receive that month. This
could be money paid to you for yoursalary. It could be money given to you
from your family. Next, write down allof your monthly expenses; the money
you have to pay for the things you need.
Your expenses could include money
you pay for rent. Your expenses could
include your monthly electricity, gas,water, and smartphone bills. Your expenses could include the money you
need for food. Your expenses could
include the money you need to use thetrain or bus for the month. After that,
decide how much money you want to6

Manage Money

DSO A
N MP
H OT LAE
LI COCO PY

save. Finally, decide how much money
you have left to spend on other things.
These are the things you may want tobuy or do. Then, every time you spend
any money in the month, make a record of it. Keep checking how muchmoney you have left. Keep checking
your budget during the month. Remember to keep to your budget. Don’t
spend more money than you planned
to in your budget.

7

10 WAYS TO

2. Save often

SO AN MPH OT LAELI COCO PY

Every month, you should also savesome of your money. Look at yourmonthly budget. Set a goal of how
much you can save from your salary.
Have two bank accounts. One should
be a regular account for everyday
use. The other should be a savings
account. At the start of each month,
put the money you want to save into
your savings account. That way, youwon’t spend it.

DAnother idea is to save your sparechange often. During each month, youwill spend money on the things youwant and need. You pay for something
at a store. Then, you may get somesmall coins in your change. Have a8

Manage Money

DSO A
N MP
H OT LAELI COCO PY

special box at home. Every time you
spend money, put your spare change
in the box. At the end of each month,empty the box. Count the coins. Youmay have a lot! Then, go to the bank.
Put the coins in your savings account.
At the end of each year, check youraccount. Ask yourself, “How muchmoney do I have now?” By doing this,you should see your money grow andgrow each year.

910 WAYS TO

Reflection Questions

SO A
N MP
H OT LA
ELI COCO PY

1. Can you remember the 10 ways tomanage your money? Test yourself.
If you forget any, go back, and readthem again.

2. Do you do any of the 10 ways to manage your money in your life? If so,which ones do you do?
3. How could you use any of the 10 ways
to manage your money in your life?

D

4. What do you think you will do differently in your life after reading thisbook?

5. Can you think of other ways to manage your money?

28

Manage Money

Vocabulary in Context

SO A
N MP
H OT LA
E
LI COCO PY

1. Salary• Workers get their salary paid to them every
week or every month.
• You need to save money from your salary.
• I’m looking for a new job, because my salaryis too low.

2. Bills• I have many bills I need to pay every month.
• Because it’s winter, my electricity bill is muchhigher this month.
• I stayed in hospital for a week. Afterwards, I
had to pay a big bill.

D3. Left• I spent everything. I have no money left.
• Finally, decide how much money you haveleft to spend on other things in a month.
• Did you eat all the eggs? There are none left.

29

10 WAYS TO

Vocabulary List
(Noun) the amount of money an employer pays
workers for working. The employer may pay thesalary every month.

Bills:(Noun) a written request for you to pay money toa company for something. For example, people
get electricity, gas, water, and phone bills everymonth.

Left:(Verb: Past participle of leave) to remain or to still
have. For example, I have $200 left.

Save:(Verb) to keep something so that you can use itin the future.

Budget:(Noun) a plan of how much money you will get,how much money you will spend, and how muchmoney you have left or will remain.

Expenses:(Noun) the money you have to pay for the things
you need.

Account:(Noun) an agreement you have with a bank for
you to keep your money there and to take yourmoney out when you need to. People may have aregular bank account and a bank account for saving money in.

Spare change:(Noun Phrase) When you pay for something at
a store, you usually get some change back. Sparechange is a small amount of money – coins thatyou may not really need.

DSO A
N MP
H OT LAE
LI COCO PY

Salary:Invest:(Verb) to put some money into a plan with thehope of making more money. Investment (Noun)is the action of putting money in a plan with thehope of making more money.

Interest:(Noun) a percentage of money that you get forsaving money in a bank and a percentage of money that you need to pay for borrowing money.

36