IELTS.WORK

IELTS Free Online Writing Practice - Is it important students to learn about personal finance in school?

IELTS.WORK Free Online Writing Practice # 1712920514

Writing Task 2 Topic: "Is it important for students to learn about personal finance in school?"

Model Answer:

In recent years, there has been a growing debate regarding the importance of teaching personal finance in schools. Some argue that financial education should be incorporated into the curriculum to help students better manage their finances later in life, while others believe that it is not necessary and may divert resources from more critical subjects. In this essay, I will discuss the advantages and disadvantages of including personal finance education in the school curriculum and provide a conclusion based on the analysis.

Firstly, learning about personal finance at an early age can have several benefits for students. One such benefit is that it equips them with essential life skills that will help them manage their finances responsibly. For example, understanding the concept of saving and investing can lead to better financial decision-making in the future. Moreover, learning about credit scores, debt management, and budgeting can help students avoid unnecessary debts and make more informed choices regarding loan applications.

Secondly, financial education can also contribute to a higher quality of life for individuals in the long run. Those who are knowledgeable about personal finance tend to save more, invest wisely, and avoid financial pitfalls such as bankruptcy and foreclosure. By equipping students with these skills, it is possible that they will be less likely to face significant financial difficulties later in life.

On the other hand, some argue that teaching personal finance in schools may not be the most effective use of resources. They contend that focusing on core subjects such as mathematics, science, and language should take priority since these are essential for academic success and future career opportunities. Additionally, it can be argued that financial education is better provided outside the school setting, such as through family discussions or extracurricular activities.

Despite the arguments against teaching personal finance in schools, it is my opinion that incorporating this subject into the curriculum would significantly benefit students. By providing them with essential life skills and knowledge about money management, they will be better equipped to make informed financial decisions later in life. Furthermore, a strong foundation in personal finance can contribute to a higher quality of life and help prevent financial distress.

In conclusion, while there are valid arguments against teaching personal finance in schools, the benefits of financial education outweigh the potential drawbacks. By incorporating personal finance into the curriculum, students will gain valuable skills and knowledge that can lead to a more stable financial future. This investment in their long-term wellbeing is worth the effort, despite any resource allocation concerns.

Overall score: 8/9

Source: https://ielts.work/?id=1712920514&page=ielts-writing-practice

For more: https://ielts.work/?page=ielts-writing-practice