IELTS Writing Task 2/ Essay Topics with sample answer.
IELTS Essay # 89 - Financial education should be a mandatory component of the school program
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IELTS Writing Task 2/ IELTS Essay:
You should spend about 40 minutes on this task.
Write about the following topic:
Despite graduating from school and college, many people do not know how to manage their finances and suffer as a result. This is why some people say that financial education should be a mandatory component of the school program.
To what extent do you agree or disagree with this opinion?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Write at least 250 words.
Model Answer 1:
In today's world, managing finances is one of the most important skills that a person can possess. However, many people do not have adequate knowledge and skills to manage their finances effectively. It is believed by some individuals that financial education must be included as a compulsory element in the school curriculum. I firmly support the idea that financial education should be a mandatory component of the school program.
Firstly, financial education would prepare students for their future financial responsibilities. Many students leave school and college with very little knowledge about how to manage their finances. As a result, they often struggle to pay bills and manage their money effectively, which can lead to financial difficulties later in life. By making financial education mandatory in schools, students would learn how to manage their finances effectively and avoid financial problems.
Secondly, financial education would also help students understand the importance of saving and investing. Many people do not understand how important it is to save and invest their money. By teaching financial education in schools, students would learn how to save and invest their money wisely, which could help them build a secure financial future.
Moreover, financial education would also help to reduce poverty and inequality in society. Many people suffer from poverty and financial hardship due to their lack of financial knowledge and skills. By providing financial education in schools, students from all backgrounds would have access to the same knowledge and skills, which could help to reduce poverty and inequality in society.
In conclusion, financial education should be a mandatory component of the school program. It would prepare students for their future financial responsibilities, help them understand the importance of saving and investing, and reduce poverty and inequality in society.
Sample Answer 2:
It is an obvious fact that financial aspects are a major part of daily life, as an adult and even as a young individual. Each and every one of us has to make financial decisions concerning recreation, health, education and more. The question is whether to start with financial education as part of the school program or postpones it for a later stage in life.
To being with, being able to understand the value of money, the way the economic system works and interpret financial news and its implications is a virtue. Without this virtue, an individual, and even a young one, might suffer, to some extent. For example, a child who doesn’t understand the concept of money might find it more difficult to accept choosing only one present out of many possible ones. In addition, many adults are lacking financial analysis capabilities. Quite often, the reason can be a shaky basis or insecurity when it comes to financial terms and concepts. Starting from an early age, building a strong background can very likely prevent such a situation.
However, financial education necessarily involves quantifying and setting prices and value for services and goods. It can easily turn young people into cynical and cold-hearted human beings. Furthermore, a tendency to self-concentration and egoism might rise when one starts measuring everything from a profit making perspective.
In conclusion, financial education has both pros and cons. In my opinion, the advantages are stronger than the disadvantages, making financial education an advisable component of the school program. The disadvantages should be thought of as a certain price that young people have to pay due to the characteristics of the world that we live in.
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