IELTS Essay Sample Answer # Financial Education

You should spend 40 minutes on this task.

Financial education should be compulsory part of school education.

To what extent do you agree or disagree?

Write at least 250 words.


SAMPLE ANSWER

The world operates on money. Although, it is not the most essential aspect of life, yet its importance cannot be denied. Every one needs to make financial decisions concerning recreation, health, education etc. Providing financial education in school can surely help students in understanding money better and make more sensible decisions in later life.

Firstly, understanding money and how it operates is a virtue. Those people who have a better knowledge of the finances tend to understand the economy and the changes taking place in the financial situations better, allowing them to make better decisions. This can be important even for the young. For instance, a child who does not understands the concept of money might never be able to understand the value a particular things hold allowing them to make absurd decisions.

Secondly, often adults lack the financial capabilities especially because of weak foundations or the insecurity that comes along with the concepts of financial terms and concepts. Starting from an early age helps in building a strong background that can very likely prevent such a situation in later years of life.

However, financial studies require setting prices for products and services. This can easily turn young people into cynical human beings, lacking emotions.

Overall, financial education for young surely brings along with it great advantages that help in the later years of life. Although, some negative issues can arise but if a proper balance is provided in terms of financial education and societal education, in my opinion it will prove to be a boon for many.

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