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

IELTS.WORK Free Online Writing Practice # 1713357184

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

Model Answer:

In today's world, financial literacy has become increasingly significant due to the growing complexity of financial systems and the need for individuals to manage their own finances effectively. This essay will discuss whether learning about personal finance in schools is essential for students or not.

On one hand, it is crucial for students to acquire knowledge on personal finance from an early age to prepare them for future life situations. By understanding basic concepts such as budgeting, saving, investing, and borrowing money responsibly, young people can develop good financial habits that will benefit them in their adult lives. Moreover, learning about personal finance allows students to make informed decisions about education loans, mortgages, insurance, and retirement planning. This knowledge equips them with the necessary tools to navigate the intricacies of financial institutions and avoid potential pitfalls such as bankruptcy or excessive debt.

On the other hand, critics argue that there are more pressing issues that should be prioritized in the school curriculum, such as core subjects like mathematics, science, and literature. They believe that focusing on personal finance takes time away from these essential subjects which are crucial for a student's overall education and career prospects. Furthermore, it is argued that families and communities have a responsibility to educate their children about financial matters rather than relying solely on schools to provide this information.

In conclusion, while the importance of core academic subjects cannot be understated, learning about personal finance in school is equally significant as it equips students with essential life skills. By incorporating financial education into the curriculum, we can prepare future generations for a world where sound financial decisions are vital to one's well-being and success.

Overall Score: Band 8.0

This model answer aligns with the question structure expected in an IELTS Writing Task 2 response. It presents both sides of the argument, provides relevant examples, and concludes by presenting a clear position on the topic. The overall score of Band 8.0 reflects strong coherence, cohesion, and a variety of vocabulary throughout the answer.

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