Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan

Question # 1. What can I spend?
Managing your debt requires careful planning. The level of debt 
which is manageable for you depends upon a variety of factors including 
your level of income and living expenses.
Q uestion # 2. Is budgeting im portant?
Yes, it surely is. A budget does a few things for you
First, it tells you where your money comes from and where it goes
Second, it tells you where you are financially and helps you figure out 
which road to take to gain financial stability.
Question # 3. What are the key components of budgeting?
Budgeting involves two key components:
I. List of income and expenses
II. A plan for meeting responsibilities and goals
Question # 4. Are there any types of expenses?
Expenses are divided into two categories: Essentials and Non 
essentials
Essential expenses are necessities of life, including housing, utilities, 
transportation, and groceries.
Non- essential expenses may include cable T.V., credit cards, fumiture 
bills and other bills that make life more “comfortable.” You can reduce 
non-essential expenses.

---

The more you know about where your money comes from, how 
much you have to spend, and where you spend it, the easier it is to make 
wise spending decisions. In this way, your money works for you instead 
p f against you. Besides, to maximize the amount of the stipend you can 
apply the existing scholarships offered by the authority of all Universities. 
Question #5. Are there any tips for managing money?
• 
Put your roommate in your financial planning. If you can, contact 
your roommate before the semester starts and decide how you’11 
divide expenses.
• 
Talk to your parents about who pays for what. Find out what you can 
count on from them and what you will be yourself responsible for.
• 
Ask for help when you need it. If you run into a financial disaster, call 
home and let your parents know you’re in trouble. If an unexpected 
event changes your home financial situation, don’t give up on 
university! First, talk with your financial aid office. Most colleges set 
aside funds to help students get through difficult situations.
• 
Create a budget and stick to it!
• 
Save and project for future expenses
• 
Leam to say “no” to friends
• 
Do “free” things
• 
Keep records of expenses
• 
Don’t overuse plastic cards
• 
Keep money safe and growing while you aren’t using it 
Through budgeting, minimizing non-essential purchases, and saving,
you can afford:
• 
Home
• 
Car
• 
Retirement
• 
Conveniences for your future family
• 
Vacations
Track your money. Once you realize how much impulse buying and 
other indulgences cost you, it will be easier to tell yourself «NO!»
4. Encourage students to look through the statements. Play the 
tape again. A sk them to listen and put the sentences in correct 
sequence using 1-10. Check the results.
1. Put your roommate in your financial planning. If you can, contact 
your roommate before the semester starts and decide how you’11 
divide expenses.
74

---

2. Talk to your parents about who pays for what. Find out what you 
can count on from them and what you yourself will be responsible 
for.
3. Ask for help when you need it. If you run into a financial disaster, 
call home and let your parents know you’re in trouble. If an 
unexpected event changes your home financial situation, don’t 
give up on university! First, talk with your financial aid office. 
Most colleges set aside funds to help students get through difficult 
situations.
4. Create a budget and stick to it!
5. Save and proj ect for future expenses
6. Leam to say “no” to friends
7. Do “free” things
8. Keep records of expenses
9. Don’t overase plastic cards
10. Keep money safe and growing while you aren’t using it
5. Groupwork. A sk students to answer the questions in Exercise
3. Let them share their answers with the whole group.
6. Pairwork. Let students discuss the questions. Students’ bright 
ideas are to be presented to the whole class.