IELTS Writing Task 2 Sample 1120 - Very few school children learn about the value of money

IELTS Writing Task 2/ IELTS Essay:

You should spend about 40 minutes on this task.

Write about the following topic:

Very few school children learn about the value of money and how to look after it, yet this is a critical life skill that should be taught as a part of school curriculum.

Do you agree or disagree?

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

You should write at least 250 words.

Sample Answer 1:
An academic institute usually deals with theoretical concepts and maybe that is why it is often noticed that students who do well in school, struggle while taking care of their finances in real life in many cases. Having said that, academic and financial intelligence cannot be seen as inherent contradictions, but they truly are two mutually independent competencies. I personally believe that value of money and money management should be taught in schools.     

The author of the book “Rich Dad Poor Dad” terms Financial Independence as ‘you being able to make your money work for you and not the other way around’. Students who get to learn about how to spend, invest and save money rarely find themselves in financial predicaments despite what their salaries bring in. Such skills are often inculcated through parents or by observing people who practice them. On the other hand, students who lack these skills usually find themselves with insufficient funds no matter how much their jobs pay them. They never learn to develop their assets. It renders them dependents on their jobs for life as it is their only source of income. The earnings are mostly spent on their liabilities leaving them with paltry savings.

If money management is taught as a part of school curriculum, all the students will get a chance to learn such skills. They will grow up to have more knowledge of money. Consecutively, they will have a better perspective while making financial decisions. This will lead to a more stable, enriched and self-reliant society.
 
To conclude, I would say that earning money may not be the goal of life but it is the money that provides us with our basic needs and the sense of security. All these points advocate that learning the skills to value and handle money is definitely a crucial part of life. Thus, I believe that lessons for financial management should be made a part of school curriculum so that more and more students can have a chance at a financially stable future.

[Written by - Gunjan Mahindre]

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