Money

These days, everyone is chasing the almighty dollar. Fortunes are made and lost in the blink of an eye, and split-second decisions often make the difference between success and failure. Money had been a key element in our society for thousands of years, and it will continue to play a vital role in our future.





Credit Card Debate
You will be asked to defend one of the following positions. Before you begin, read over the supporting arguments, and choose what you will focus your argument on.

Opinion 1: Credit Cards are Essential
· There are now a number of everyday activities, such as buying things on line which are not possible without a credit card.
· Customers can stop payment on a credit card account for unsatisfactory services.
· Most credit card companies offer purchase points and merchandise incentives, or airfare mileage points.
· Credit cards are a perfect way to establish and maintain a good credit card rating.
· Using credit cards, you can re-establish your credit rating after bankruptcy or other financial mishap.
· Credit cards allow you to get cash advances for emergencies.

Opinion 2: The Risks of Having Credit Cards Outweigh the Benefits
· The temptation to acquire too many credit card accounts can lead to losing track of payment details and deadlines.
· Credit cards give people a false sense of security and freedom, which make them likely to overspend.
· Most people who have credit cards have difficulty understanding the details about how the various fees are calculated.
· Young people, especially, are often poor at managing their money, and likely to find themselves in personal bankruptcy.
· Credit cards companies often charge high interest rates on cash advances.

Discussion:
1. Have you ever been hard up for money? What did you do to scrape by?
2. Have you ever lent money to a friend who was broke? If a friend didn’t pay you back for a long time, how would you handle the situation?
3. If you suddenly become filthy rich, what would you buy first? How do you think your lifestyle would change? Would you still work? Do you think there would be bad as well as good consequences?
4. Why are people so concerned with being well off? Does money always bring happiness?
5. What is the most you have blown on a shopping spree? How about for a meal? On alcohol? On a gift for special someone?
6. Do you and your friends usually chip in to pay the tab when you go out, or does someone usually foot the bill themselves? Have you ever gotten stuck with the bill unexpectedly?
7. How often do you pay things by credit card? How many credit cards do you have? Are any of them maxed out? Or are you good at managing your credit card spending?
8. At what age do you think people should be expected to be financially independent from their families? What do you think of young people who live at home after they start working and continue to sponge off their parents?

|