Mixer #22 | Low-Intermediate 4

Saving Money

Listen to what six people say if they are good at saving money.

Anita / Taiwan
speakerAm I good at saving money? I don't think that I'm a good person. I don't think that I'm good at saving money because I spend a lot. I like to go shopping and everytime I go shopping I will buy something so I don't think I am good at saving but I think I'm good at making money.

Martin / United States
speakerI have to say, if there's one thing I wish I was better at, it's saving money. Right now I'm not very good at it. If I have it I lose it or I spend it on something that I probably don't need but it's too bad because I really need to learn how to save money better but I figure that will come in the future, so.

Jeanie / United States
speakerOK, am I good at saving money. Well, most of my life my family has always been a bit envious of my ability to save. Even when I didn't have a job, I would always have money just backed up somewhere and people would often have to try and get money from me on loan. It's a little difficult now that I have to actually pay rent and things like that but, I'm still pretty good at it.

Mark / United States
speakerI am terrible at saving money, absolutely terrible. And it's something that I think about a lot because I know I have to get better at it but after payday, that money just burns a hole in my pocket. I go out and I'll spend a hundred dollars in one night, it just, because I got the money in my pocket and then usually before payday, I don't have any money and I'm borrowing money from my friends so it's actually my worst habit, is saving money.

Ruth / England
speakerGood at saving money! Well, I think I am quite good at saving money, except sometimes I am a little bit naughty and I tend to spend, spend, spend. I usually have one day a month in which I go and spend. Except for that, I'm generally quite good. I don't spend too much money. I try to save all of the money that I can so that I can buy something nice at the end.

Simon / Cananda
speakerGod no! I'm not good at saving money. I think I usually spend money faster than I can make it. I don't save. I just take money out of my account. I don't pay attention. I don't organize. I don't budget. I buy a lot of things that don't have any resale value, like services and beer, things like that: food, restaurants. I can't save money. I spend money.

Learn vocabulary from the lesson!

on loan


People often try to get money from me on loan.

When we borrow money, that means we get it 'on loan.' This means that at some point the money will have to be paid back. Anything that we are currently using but will have to pay back in the future is considered to be one loan. Notice the following:

  1. I got the money for my iPhone on loan from my dad.
  2. In the US, most new cars are purchased on loan.

money burns a hole in my pocket


Money just burns a hole in my pocket.

When 'money burns a hole in our pockets,' that means we really want to spend it on something.  Notice the following:

  1. When she's at the mall, money just burns a whole in her pocket.
  2. I can't save money.  It just burns a whole in my pocket.



I need to learn how to save money, I figure that will come in the future.

The phrase 'I figure' is similar in meaning to 'I think' or 'I guess'.  Notice the following:

  1. I figure that learning English will help me get a better job in the future.
  2. Experts figure that the economy will improve next year.



I don't save. I just take money out of my account. I don't budget.

Here, the word 'budget' is a verb.  It means to plan how much money we will spend each day, week, month or year.  Notice the following:

  1. My budget is small while I'm at school.
  2. Do you think Bill Gates budgets his money?

resale value


I buy a lot of things that don't have any resale value.

The 'resale value' of something is the amount of money we can get if we sell it again.  Notice the following:

  1. Rolex watches have a high resale value.
  2. Generally speaking, used electronics have a low resale value.
Answer the following questions about the interview.

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Vocabulary Challenge

Complete the sentences with the words below.
on loan • burn a hole • figures
budget • resale value
  1. Honda automobiles have a pretty high .
  2. I am not going to let this money in my pocket. I want to carefully consider all my options.
  3. This car isn't mine. It's from my father.
  4. Learning how to is a very difficult lesson.
  5. She that as long as she is spending this money on her education it is a good investment.