A survey from the FSCS (Financial Services Compensation Scheme) has reported that a third of people think that smartphones make them spend more or lose track of their money. The apps on smartphones make it possible to spend at any time of day or night, including in bed at night or before going to work. This could be good news for online businesses According to the FSCAS survey women spend £131.00 per month using apps and men £115.00. Men use apps to pay for gambling, travel, socialising, entertainment and music, while women preferred apps for food and shopping. The head of communications at the FSCS, Mark Oakes, said: "Being able to make purchases at the touch of a button removes the thinking time you would usually have if you were in a shop. "It requires discipline to stay in control of your money, not only spending but also saving, but it's worth doing. Setting aside just a little a month can add up to a big sum."
Questions How have smartphone apps affected spending? How have they affected personal budgeting? Is this good for your business?
Vocabulary Highlight text for solutions compensation – payment made when someone else loses you money or injures you scheme – a plan or organisation (pension scheme, etc.) to lose track of (money, etc.) – not knowing how much you have spent survey – asking people questions to get their opinions gambling – games of chance to win (or lose) money
Grammar Being able to make purchases at the touch of a button … This is an example of a noun phrase. It starts using the gerund (-ing) form of the verb ‘being’. The entire phrase forms the subject of the verb, ‘removes’. What construction follows it? Highlight text for solution Second conditional.