Financial management and education has been a recurring theme in IELTS Writing Task 2, appearing approximately 2-3 times annually over the past five years. Given its relevance to global economic literacy and personal development, this topic likely maintains high probability for future test appearances. One frequently tested aspect focuses on teaching financial management skills to young people.
The role of financial education in reducing personal debt has become increasingly important in modern society, making this topic particularly relevant for IELTS candidates.
Task Analysis
Some people believe that schools should teach children how to manage money. Others think that financial management should be taught by parents at home. Discuss both views and give your own opinion.
This question requires:
- Discussion of both perspectives
- Clear position statement
- Supporting arguments
- Balanced analysis
- Personal conclusion
Band 9 Sample Essay
Financial literacy is increasingly recognized as a crucial life skill, leading to debate about whether this responsibility lies with educational institutions or parents. While both parties can contribute meaningfully to a child’s financial education, I believe schools should take the primary role in teaching money management.
Schools possess several advantages in delivering financial education. Professional teachers can systematically introduce complex financial concepts using proven pedagogical methods. Moreover, the classroom environment allows for structured learning through practical exercises and peer discussions. For example, schools can simulate real-world scenarios like budgeting or investment decisions, providing students with hands-on experience in a controlled setting.
Parents, while well-intentioned, may not always possess the expertise or resources to effectively teach financial management. Their own financial habits and knowledge could be limited or flawed, potentially passing misconceptions to their children. Additionally, some parents might feel uncomfortable discussing money matters, leading to incomplete or inconsistent financial education at home.
However, parental involvement remains valuable in reinforcing school-taught concepts. Parents can demonstrate practical applications of financial principles through daily activities like grocery shopping or bill payments. They can also share personal experiences and family-specific financial contexts, which schools cannot provide. Understanding the importance of setting clear financial goals can be better demonstrated through real-life family experiences.
Band 6.5 Sample Essay
In modern society, many people argue about who should teach children about managing money. Some think schools are responsible, while others believe parents should do this job. I will discuss both sides and share my opinion.
Schools can teach financial management effectively because teachers are trained professionals. They can explain things clearly and use good methods to help students understand. Also, schools can make sure all students learn the same important information about money. For example, they can teach about saving, spending wisely, and basic investment.
On the other hand, parents can teach their children about money at home. They can show real examples when shopping or paying bills. Children can learn from watching their parents handle money in daily life. However, some parents might not know enough about finance or might be too busy to teach properly.
I think both schools and parents should work together to teach children about money. Schools can teach the basic knowledge and theory, while parents can show practical examples. This way, children can learn both theoretical and practical aspects of managing money.
Analysis of Band Scores
Band 9 Essay Strengths:
- Sophisticated vocabulary and complex structures
- Clear organization and coherent arguments
- Nuanced analysis of both perspectives
- Relevant examples and detailed explanations
- Effective use of topic-specific terminology
Band 6.5 Essay Features:
- Basic but clear structure
- Simple but accurate language
- Limited range of complex sentences
- Some repetition in vocabulary
- Basic examples without detailed elaboration
Key Vocabulary
- Financial literacy (n) /faɪˈnænʃəl ˈlɪtərəsi/ – ability to understand and manage money effectively
- Pedagogical (adj) /ˌpedəˈɡɒdʒɪkəl/ – relating to teaching methods
- Misconceptions (n) /ˌmɪskənˈsepʃnz/ – incorrect ideas or understanding
- Reinforce (v) /ˌriːɪnˈfɔːs/ – strengthen or support
- Systematic (adj) /ˌsɪstəˈmætɪk/ – done according to a fixed plan or system
For additional practice, consider writing essays on these related topics:
- The role of technology in financial education
- Teaching entrepreneurship skills in schools
- The importance of saving habits for young people
Share your practice essays in the comments section for feedback and improvement suggestions.