Very few school children learn about the value of money and how to look after it

You should spend about 40 minutes on IELTS writing task 2.

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 specific reason and explain them with examples from your own experience or knowledge.

You should write at least 250 words in IELTS writing task 2.

Question Overview

Topic : Value of money
Type : Opinion

Model Answer 1: (Agreement)

An academic institute normally deals with mathematics, arts and trade-related topics while dismisses teaching cash management, and that is precisely why it is often noticed that pupils who perform well in college struggle while taking good care of the financing in actual life. That being said, financial and academic intelligence cannot be regarded as inherent contradictions, but they are just two mutually different competencies. I feel that the worth of cash and cash management ought to be educated in schools.

Pupils who get to know about investing and saving cash sometimes find themselves in financial predicaments regardless of their wages. Such abilities tend to be discriminated against through parents by detecting individuals who exercise them. They never learn how to develop their resources. It leaves them dependents on their jobs for life as it is their sole source of revenue. The earnings are, for the most part, spent on their obligations, leaving them paltry savings.

If cash management is educated as part of the school program, all pupils will find an opportunity to learn these skills. They will grow up to possess more understanding of finance and money. Consecutivelythey will get a better view while creating fiscal decisions. This will cause a more secure, improved and high-income society.

In conclusion, I would say that earning cash might not be the purpose in life, but it is the money that supplies us with our fundamental requirements and safety feeling. These factors urge that learning to appreciate and manage money is unquestionably a critical part of life. Thus, I feel that courses for fiscal management should be made a part of the school program so that a growing number of students may have an opportunity in a financially secure future.

Model Answer 2: (Disagreement)

Whether cash management ought to be part of the academic program is a great debate. Most schools are already overwhelmed with all the topics they must instruct, and incorporating private financial affairs to the syllabus would make matters worse. Moreover, this is a skill that educators cannot instil in a child through exams and lectures, so I believe that parents ought to take this duty.

First, no matter how many chapters someone reads or the number of exams he takes on the value of money in life until he takes the responsibility and earns it, it is impossible to learn the practical aspect of personal financing. Teachers are not able to decide whether a student should work besides research and manage his finance. They could teach their kids the value of cash and put them in situations when they need to take responsibility. 

Moreover, learning to manage somebody’s finance is a different ability that course lectures cannot instruct. In the end, a teacher does not know all facets of a student’s family and their fiscal condition. That is why the same lecture is not suitable for all pupils. Parents are in a much better position to let their children learn this vital life skill.

In conclusion, cash management is a sensible element of life, and theoretical classes are ineffective in developing this great skill. On the contrary, parents should take control of this facet and prepare their kids to appreciate money and handle personal finance efficiently.

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