16. Money, values, obsessions - P

Poor

sb says, that you don’t need money for life-you have happiness, love, health

Cash or credit card

Cash

if somebody stoles you wallet, he stoles you just money, which is in wallet and no all money, which you have on your bank account if you want to buy something in a shop, they always will take a money, in some shops the doesn’t accept a credit cards if you have real money in your wallet, you are more careful with money, because it is more painful, when you see your money in hands of shop assistant it is not practical if you have to pay a expensive thing if someone stole your money, they are gone if you are in foreign country, you have to exchange currency

Credit card faster, now does exist contactless cards-even faster more comfortable safer, is someone stole you money-you can block your card on your account is bank rate and your money increases you don’t have to exchange currency in foreign country some taxes, that you have credit card

Me and money

mostly from my mum and dad – allowance/pocket money my first part time job-in hydraulic firm-stocktaking; than shop assistant in newsagent – last summer I try to save all my money, I think I can budget – I saved for couple years and I bought camera I always got money from my grandmothers for my birthdays

Types of account current accounts they are used for writing cheques, paying by debit card and paying bills the have low interest deposits accounts and savings accounts long term deposits usually have higher interest than short-term deposits Loans is money lent to a borrower by a lender the borrower must pay off more money – his loan plus the interest on the sum in the process of making loans, banks create new money there are: long-term loans medium-term loans short-term loans

Mortgage is a long term loan, a real property (a building) is uses as a guarantee if client is unable to repay his loan, the property becomes the one of the bank