Open World p 45. Writing a report

 

Do Ex 1

Do Ex 2

Do Ex 3

outgoings: /ˈaʊtɡəʊɪŋz/ the amount of money that a person or a business has to spend regularly, for example on rent or food every month. Expenditure /ɪkˈspendɪtʃə(r)/

E.g.
low/high outgoings
Write down your incomings and outgoings.

List all your outgoings for a month. 

My main monthly outgoings are rent, bills, and food.  Sp.  Mis gastos mensuales son la renta, las cuentas y la comida.

overdraft:

the amount of money that you owe to a bank when you have spent more money than is in your bank account; an arrangement that allows you to do this. Sp. descubierto

E.g.
She had run up an overdraft of £3 000.
to pay off/clear an overdraft

I was always going into overdraft.

a £250 overdraft.

The savings account has no overdraft facility.

Many students have a free overdraft facility (=agreement with their bank to have an overdraft up to a particular limit)

I have a large overdraft. Sp. Tengo un descubierto importante.

make (both) ends meet
​to earn just enough money to be able to buy the things you need.

E.g.
Many families struggle to make ends meet.  

expenditure /ɪkˈspendɪtʃə(r)/ the total amount of money that a government, organization, or person spends during a particular period of time.

expenditure on research and development  

plans to increase expenditure on health

huge cuts in public expenditure (=the amount of money a government spends on services for the public)  

government expenditure on education  

A reduction in public/government/military expenditure

an expenditure of £1 million

squander: /ˈskwɒndə(r)/ 

squander something (on somebody/something) to waste money, time, etc. in a stupid or careless way.

E.g.

He squandered all his money on gambling.
She squandered her chances of winning.
He just squandered his talent.
The company squandered millions on two dead-end projects.
The team squandered several good scoring chances.

They squandered the profits on expensive cars. 

overpriced: too expensive; costing more than it is worth.

E.g.
The drinks in the bar were all overpriced.
ridiculously overpriced designer clothes.

 

Do Ex 4