ielts essay on money management

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Some people think that secondary or high school students should be taught how to use money management as it is an important life skill. do you agree or disagree., some people think that secondary or high school students should be taught how to use money management as it is an important life skill. do you agree or disagree with this statement, some people think that secondary or high school students should be taught how to use money management as it is an important life skill. do you agree or disagree with the statement, some people think that secondary or high school student should be taught how to use money management as it is an important life skill. do you agree or disagree with the statement, some people think that secondary or high school student should be taught how to use money management as it is an important life skill. do you agree or disagree with the statement, some people think that secondary or high school student should be taught how to use money management as a it is an important life skill. do you agree or disagree with the statement.

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Essay 260 – Students should be taught how to manage money

Gt writing task 2 / essay sample # 260.

You should spend about 40 minutes on this task.

Write about the following topic:

Some people think that students in primary schools and secondary schools should be taught how to manage money because it is an important life skill.

Discuss both views and give your own opinion.

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Model Answer:

Teaching young people about financial management proves to be one of the major challenges that parents face nowadays. That is why many academicians demand the introduction of financial literacy into the primary and secondary school curriculum. I completely agree with the statement and opine that personal finance is a crucial life skill that has to be taught in school.

One strong reason is that not all families manage to successfully inculcate a healthy financial habit in their children; after all, it is tough for parents to instil skills in their children they do not possess. A case in point is the 2019 T. Rowe Price Survey. It sheds light on the fact that more than 70% of parents admit they are reluctant about broaching the subject of finance with their offspring. Therefore, when children are not obtaining financial prowess at home, it goes without saying that it will adversely impact our future generations. This is why money management lessons in schools are of profound importance since parents are unequally equipped to inculcate a sound financial habit in their children.

Moreover, the best time to commence teaching the basics of financial literacy to children is during their childhood. At this age, children’s brains are like little sponges, learning and soaking in information from the stimuli surrounding them. In fact, they are impressionable and can learn promptly, and adopt good and bad habits that will last a lifetime. Take a study from the University of Cambridge for an example. It revealed that children who are equipped with financial education when they are young will be able to manage their finances as adults. Thus, from children all the way to adulthood, financial literacy drives to financial success.

To reiterate, the essay believes that children should be taught financial literacy from elementary school upwards because many parents cannot offer children sound financial sense, and childhood is the best time for learning it for future success.

One Comment to “Essay 260 – Students should be taught how to manage money”

It is really important to manage money in life. Every people should know how to properly use money, especially students. If they learn about financial education they will be able to use money properly. They will know how to save money, and how to invest properly.

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Ielts writing task 2 sample 934 - money management should be taught in high school, ielts writing task 2/ ielts essay:, some practical skills such as money management should be taught in high school..

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Band 9 IELTS Essays

IELTS essay sample | Money management should be taught at school

by Manjusha Nambiar · February 10, 2017

Essay topic

Some people say that all secondary and higher secondary school students should be taught how to manage money as it is an important life skill. DO you agree or disagree with this argument?

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Band 9 sample essay

Everyone has to learn to manage their finances. Children are no different. Therefore I agree with the argument that money management skills should be taught in secondary and higher secondary schools. This practice will prepare young people for their future.

Since we need money to buy essential items and to lead a comfortable life, money management skills are crucial for our overall well-being and happiness. There are several benefits to teaching money management at school. A lot of children, especially those coming from rich families, receive generous amounts of pocket money. Many of them waste this money on unnecessary things because they don’t understand or appreciate the value of money. If money management is part of the curriculum, they will learn to use it judiciously. This learning will stand them in good stead throughout their life.

Also, after school, many children leave their home and move to far away cities to pursue higher education. Unless they know how to spend their money, they will soon run out of funds and put them and their families in trouble. If they learned money management at school this wouldn’t happen.

There is no right or wrong time to learn a skill; even so, the sooner we start the better. Today’s children are tomorrow’s adults. If they learn essential life skills today, it will benefit them and their country now and in the future. Last but not least, money management lessons may also improve the arithmetical skills of the children.

In summary, developing the foundation is crucial for any learning and having money management as a subject in schools will definitely prepare young people for their future.

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Manjusha Nambiar

Hi, I'm Manjusha. This is my blog where I give IELTS preparation tips.

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IELTS essay, topic: Education in financial management should be a mandatory component of the school program, agree/disagree (from Target Band 7 book)

IELTS Essays - Band 8

This essay was written on a topic from “Target Band 7” book (page 54, reprinted with permission).

You should spend about 40 minutes on this task

Education in financial management should be a mandatory component of the school program. To what extent do you agree or disagree with this statement?

Give reasons for your answer and include examples from your experience.

Write at least 250 words

More and more young adults in our country are heavily indebted. Thus, it is considered by some that it should be mandatory to educate school children the administration of money. In my opinion, people should not leave school without a sound knowledge of financial management.

To begin with, a country’s development is strongly upon the purchasing capacity of its inhabitants. That is to say, people who are in debt or financially vulnerable, would not be able to spend freely or invest, for example, in a new house, thus hindering the economic growth of the country. As a consequence, the rate of inflation would rise and people would be able to afford even less, which could ultimately result in the collapse of the entire economy. A good example of this vicious circle can be seen in countries such as Argentina, where people have to buy household items in the black market, because they cannot afford to buy them in regular stores due to skyrocketing prices. Therefore, it is of utmost importance to teach children early money management.

Another point to consider is the low standard of living that people have when they mismanage their finances. Individuals who are constantly short of money could eventually end up being socially isolated and unhappy, because they couldn’t afford to participate in leisure activities, such as going to the cinema with a friend, resulting in their from social life. However, this could be avoided with ease by offering courses in money management.

In conclusion, I strongly believe that school children should be taught how to manage their finances to prevent social isolation later in their life as well as to maintain the economic force of their country.

The writer’s position is clear throughout the essay. Paragraphing is used effectively to organise ideas and information, however the paragraphs could have been balanced better in terms of the amount of content. The advanced vocabulary the writer uses creates a good impression of mature and fluent writer. Overall, the control of grammar and punctuation is fine, and the number of errors is small. The essay could achieve Band 8 in IELTS.

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IELTS Writing Band 8 : Finance

Band 8 Sample

There is a common problem among high school graduates these days where students are leaving school without any knowledge or skill in personal money management . This essay will outline a number of reasons for this trend and a number of possible solutions to help tackle the issue.

Firstly, one of the main causes of this problem is that the majority of high school students live with their parents and are completely financially dependent upon them . Most students do not need to work to earn money while at high school, as their parents pay for all their needs, and therefore do not gain any understanding about the realities of earning and saving money. Usually, the only money that students receive is from their parents and this is typically in the form of pocket-money , which is given with the intent of it being spent. Therefore, young people only really learn how to spend money, and not how to earn, save or manage it wisely.

However, there are a number of viable solutions to help students deal with this problem. Firstly, basic money management skills could be included as a compulsory subject for students in their high school years, which would help equip them with the knowledge and skills to manage their own personal finances when they leave school, move out of home and enter employment . The second possible step that could be taken to help curb this problem is through education at home. Parents need to take responsibility to make sure that their children are adequately educated in such matters to ensure their children maintain a successful and independent financial situation after graduating and leaving home.

In conclusion, although money management is a problem for a lot of school leavers, there are a number of viable solutions to counteract this problem.

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Students Should be Taught How to Manage Money

Students should be taught how to manage money ielts essay.

Some people think that students should be taught how to manage money in primary schools and secondary schools because it is an important life skill. Discuss both the views and give your opinion.

Give reasons for your answer and include any relevant examples from your own knowledge or experience. You should write at least 250 words.

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One strong reason is that not all families manage to successfully inculcate a healthy financial habit in their children; after all, it is tough for parents to instill skills in their children they do not possess. A case in point is the 2019 T. Rowe Price Survey. It sheds light on the fact that more than 70% of parents admit they are reluctant about broaching the subject of finance with their offspring. Therefore, when children are not obtaining financial prowess at home, it goes without saying that it will adversely impact our future generations. This is why money management lessons in schools are of profound importance since parents are unequally equipped to inculcate a sound financial habit in their children. ieltsxpress

Students Should be Taught How to Manage Money

IELTS Essay on Topic Money

Learning to spend money wisely is important for every adult. Some people suggest that money management lessons should be made compulsory for high school students. In my view, It is necessary to do so.

Like time management, financial management is also a core skill for success. Like time, money is a limited resource which people should learn to use more efficiently. Having the right attitude towards money can increase young people’s opportunities for success. For example, saving money for investment, education and charity purposes can make a difference to young adults and others in society. If students can learn to spend money on the right things and save it for the future, then they can make the most of it when they start earning.

Money management is necessary not only for success in life but also for avoiding potential problems in future. Some students spend all of their money on leisure and fun and do not understand the concept of saving and budgeting. ielts xpress

If they keep spending their money, they will possibly face a personal financial crisis when they grow up. Once entering into adulthood, they have to confront realities such as bills for phone, internet, rent and electricity. If they have no idea of budgeting for necessary life expenditures, they are likely to be in debt. In the worst scenarios, some young adults become thieves and robbers as they run out of money, and their parents cannot give them financial support anymore.

In conclusion, it is necessary for high school students to learn about money management and get ready for adult life. As a proverb goes, the fool and his money are soon parted.

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Students leave high school without learning the way how to manage their money..(Band 9 Sample Essay)

Updated: Aug 12

You should spend about 40 minutes on this task.

Write about the following topic:

Students leave high school without learning the way how to manage their money.

What are the reasons and solutions of this issue?

Give reasons for your answer and include any relevant examples from your own knowledge and experiences.

You should write at least 250 words.

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Task 2 Band 9 Essay Sample (Students leave high school without learning the way how to manage their money.)

IELTS Task 2 Band 9 Sample Essay

Most secondary school graduates lack any useful self-financing expertise. I firmly believe that this is primarily due to their financial dependence on their parents and lack of tax payment experience. However, including financial management basics in core classes can help high school graduates who have just graduated.

The majority of high school pupils lack practical expertise with self-financing. Since most students do not have to pay their tuition or living expenses on their own, it is possible that they are unaware of their financial situation. To be more precise, they squander the pocket money their parents provide them, heedless of the potential repercussions. Only 5% of all students nationally, according to a poll by the education minister of the Japanese government, are having trouble paying their tuition or have debts from attending high schools. Thus, due to their financial comfort, they are oblivious to problems with money management.

Since school-goers do not have any obligations to pay income taxes or fund for a social welfare system, they have limited opportunities to think about their future financial responsibilities. The solution to this problem is pretty straightforward. School or educational institutions can give students some guidelines regarding their tax responsibilities or rational budgetary methods before the students enter the job market or strain their higher educational cost. Besides, the government can join those activities by handing out a leaflet regarding their future tax obligations directly to the students.

All in all, even if students have little opportunities to finance themselves and pay taxes, educational institutions and governments may play important roles by providing them with financial education and factual information to help them become more financially conscious.

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IELTS Task 2 Band 8 Sample Essay

Currently, students are leaving school without even the most fundamental understanding of money management. This is as a result of parents' generous financial contributions to their kids' school life and the absence of any school courses on money management. However, this problem can be resolved by encouraging kids to work during the summer and introducing lessons on financial management in the classroom.

To begin with, parents are providing their children allowance without establishing any boundaries which is one of the major factors that contribute to a student's failure to handle money properly. Children typically lack the ability to handle money since they are used to spending all of the money they are given and constantly ask their parents for more. Most of the parents cannot ignore their children’s demand due to the familial bonding and emotional attachment. Additionally, schools prioritize fundamental artistic or scientific classes above the children's inescapable exposure to money management in the real world.

However, to seize down this growing problem, parents must encourage their pupils to get summer jobs. This will help them learn the value of money, thereby managing it in an effective way. Psychologists frequently stress the value of youngsters working to earn money because it helps them become more responsible and better resource managers in the long run. On top of that, schools are advised to introduce money management classes. By emphasizing the importance of managing money, students are guided to make a good use out of their allowance.

To summarize, the main reasons why students graduate from high school without understanding how to handle money are parents' unrestricted offerings to their kids and the lack of financial education in the classroom. Therefore, to solve this problem, schools must revise their curricula to include courses on money management, and they must also encourage students to work during the summer to get some hands-on learning on their financial literacy.