General English 1- Money

General English 1: MONEY
Before You Watch Exercises for Online Classes:

1. Reflect and Share: Childhood Advice
Activity: In the chat, share a piece of advice you heard often as a child (e.g., "Save for a rainy
day" or "Always tell the truth"). Then, answer this poll: Do you follow this advice
consistently as an adult? (Yes/No). After the poll, discuss why it might be challenging to act
on what we know is good for us in a breakout room or discussion forum.
2. Predict and Engage: Financial Habits
Activity: Using a shared document, answer this question: Why do people struggle to manage
their finances even when they know the basic rules (like spending less than they earn)?
Afterward, read your classmates' responses and "like" or comment on one that resonates with
you. Then, keep this in mind as you watch the video to see how your predictions align with its
insights.
Vocabulary Exercises (Before Watching):

1. Match the Term to Its Definition
Below are key terms from the video and their definitions. Match each term to its correct
definition.
TERMS DEFINITIONS
A. Advertisements tailored to an individual based on their
1. Behavioral scientist interests and behaviors.
B. The mistaken belief that simply knowing something is

2. Financial literacy enough to take action.
C. External signals or triggers that influence behavior in a

3. G.I. Joe Fallacy specific setting.
D. A person who studies how humans make decisions and

4. Targeted Ads act in various situations.
E. Knowledge and skills needed to make informed financial

5. Environmental cues decisions.
1 2 3 4 5
2. Vocabulary in Context
Read the sentences below (adapted from the video transcript) and fill in the blanks with the
correct term from the word bank.
Word Bank: environmental cues, financial literacy, G.I. Joe fallacy, behavioral scientist,
targeted ads,
1. A ___________ studies how people make decisions and why they might struggle
to save money despite knowing they should.
2. Many schools offer ______ classes to teach students about saving, investing, and
budgeting.
3. The ___________ describes the belief that knowing is half the battle, even though
action often requires more than just knowledge.
4. _______ are designed to catch your attention and encourage you to spend money
by appealing to your personal interests.
5. Changing ___________ can help people save more money by reducing triggers
that encourage unnecessary spending.
During-Watching Exercises for Online Classes:

1. Guided Notes: Key Concepts and Definitions
As you watch the video, fill in the blanks or answer the questions in the guided notes
document.
Questions:
1. What is the "G.I. Joe fallacy"?

2. What does the speaker mean by "behavior change is not an educational pursuit but an
environmental one"?
3. What are two examples of how our environment encourages spending?
4. According to the speaker, why don’t financial literacy programs significantly impact
behavior?
5. What will the speaker focus on in this series to help viewers manage their finances?
2. Gap-Fill Activity
While watching the video, listen carefully and fill in the missing words in the sentences
below. These sentences are key points from the video.
Sentences:
1. The "________ fallacy" is the mistaken idea that knowing is _______ the battle.
2. The speaker explains that behavior change is not an _______ pursuit but an _______
one.
3. Despite spending $700 million annually on _______ education programs, their impact
on financial behavior is only ______ percent.
4. A significant predictor of how well someone manages their finances is their ability to
do ______.
5. The speaker says that spending cues in the environment, such as ______ ads, have
become smarter and more _______.
3. Multiple-Choice Questions
Answer the following questions during or immediately after watching the video.
Questions:
1. What is the "G.I. Joe fallacy"?
a) The belief that spending is unavoidable
b) The idea that knowing is half the battle
c) The assumption that math skills predict financial success
d) The concept that financial literacy is the key to behavior change
2. Why don’t financial literacy programs have a significant impact on behavior?
a) They are not widely available.
b) They explain less than 10% of financial behaviors.
c) They focus on education rather than environmental factors.
d) They are too expensive to implement effectively.

3. According to the speaker, what is a more significant predictor of financial management
than financial literacy?
a) General math ability
b) Access to financial resources
c) Personalized spending plans
d) Parental advice
4. What does the speaker identify as a key factor in overspending?
a) Lack of financial knowledge
b) Smarter and faster spending cues in the environment
c) Poor budgeting habits
d) High interest rates
5. What will the series focus on?
a) Increasing financial education programs
b) Identifying financial scams
c) Changing the environment to encourage saving
d) Teaching advanced budgeting techniques
After-Watching Exercises
1.Action Plan: Small Changes, Big Impact
Create a short action plan based on the video’s insights. Complete the following template:
1. One financial behavior I struggle with: ___________

2. Environmental cues that might be influencing this behavior: ___________
3. One specific change I can make to my environment to address this: ___________
4. How I will measure my progress: ___________
Share your action plan with the class or upload it to the learning platform.
2. Discussion: Behavior vs. Environment
In small groups or an online breakout room, discuss:
1. Do you agree with the speaker that behavior change is more about environment than
education? Why or why not?
2. Share an example of an environmental change you’ve made in the past (e.g.,
unsubscribing from marketing emails, deleting a shopping app) and discuss its
effectiveness.
More vocabulary practice

1. Vocabulary Antonym Exchange Exercise
Instructions: Replace the underlined words with their antonyms from the list.
The words to choose from are: cash, generous, profit, well off, poverty, purchase, take out,
worthless.
1. They say they are quite hard up at the moment..

2. She made rather stingy donation for the new community centre.
3. He decided to sell the car.
4. He didn't have enough credit to pay for the groceries, so he used his card instead.
5. The painting we found in the attic looked valuable.
6. The company made a large loss this year, thanks to increased sales.
7. There are many people in this country that live in a great prosperity.
8. To buy the car, she needed to pay off a loan from the bank.
2. Gapped sentences
Instruction: Fill in the gaps in the sentences with words from the table.
RENT CREDIT CARD SAFE TIP

WEALTHY LOAN PENSION RECEIPT
1. It's important to keep your important documents in a __________ place to protect

them from theft or damage.
2. The __________ businessman donated a large sum to charity to help those in need.
3. After working for 30 years, she started receiving her __________, which helps cover
her living expenses in retirement.
4. Every month, they have to pay their __________ for the apartment they live in.
5. The waiter was so helpful that I decided to leave a generous __________ for his great
service.
6. He used his __________ to pay for the vacation, but now he needs to pay off the
balance.
7. She took out a __________ to help cover the costs of her education and plans to pay it
back after graduating.
8. Don’t forget to keep the __________ when making a return at the store, as proof of
your purchase.

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General English 1: MONEY

Before You Watch Exercises for Online Classes:

2. Predict and Engage: Financial Habits

Vocabulary Exercises (Before Watching):

B. The mistaken belief that simply knowing something is

C. External signals or triggers that influence behavior in a

D. A person who studies how humans make decisions and

E. Knowledge and skills needed to make informed financial

During-Watching Exercises for Online Classes:

1. What is the "G.I. Joe fallacy"?

1. What is the "G.I. Joe fallacy"?

a) The belief that spending is unavoidable

b) The idea that knowing is half the battle

c) The assumption that math skills predict financial success

d) The concept that financial literacy is the key to behavior change

2. Why don’t financial literacy programs have a significant impact on behavior?

a) They are not widely available.

b) They explain less than 10% of financial behaviors.

c) They focus on education rather than environmental factors.

d) They are too expensive to implement effectively.

a) General math ability

b) Access to financial resources

c) Personalized spending plans

4. What does the speaker identify as a key factor in overspending?

a) Lack of financial knowledge

b) Smarter and faster spending cues in the environment

c) Poor budgeting habits

d) High interest rates

5. What will the series focus on?

a) Increasing financial education programs

b) Identifying financial scams

c) Changing the environment to encourage saving

d) Teaching advanced budgeting techniques

1. One financial behavior I struggle with: ___________

In small groups or an online breakout room, discuss:

More vocabulary practice

1. They say they are quite hard up at the moment..

RENT CREDIT CARD SAFE TIP

1. It's important to keep your important documents in a __________ place to protect

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