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Very few schoolchildren learn about the value of money and how to look after it, yet this is a critical life skill that should be taught as part of the school curriculum. Do you agree or disagree?

Financial education is a critical life skill and it should be imparted as a part of the school curriculum. I completely agree with the statement and believe that money management is as important as any other subject. In the light of financial education, the essay would firstly discuss the importance of safeguarding the money, secondly, it would talk about ways to manage the financial requirements. One of the very crucial concern with lack of financial education to people is, they are unable to safeguard the money which is with them. In a country with a high inflation rate, the money kept in hand/home actually decreases substantially over the years. Therefore, it becomes crucial to rightly invest the money in safer funds which will generate revenue which will be in the interest of the person. In fact, in India a substantial share of money in low income families is kept inside home or in hand, which does not generate any interest or revenue. Financial education will not only motivate the person to invest the money and safeguard it, but will also increase the financial stability of the larger economy by pushing more money into circulation. In addition, it will also educate a person of the ways to fund his/her financial requirements. Every now and then we are in need to money to fulfill our immediate needs and finance the same using costly methods. Unfortunately, in rural India due to lack of financial education, people often borrow money from loan sharks who exploit them by recovering money which is much more than the actual market rate. Acces to financial education will educate everyone of the sources to fund their financial needs. To conclude, we can see the importance of financial education and its role in prospects of safeguarding the money as well as in borrowing the
Financial
education
is a critical life
skill
and it should
be imparted
as a part of the school curriculum. I completely
agree
with the statement and believe that
money
management is as
important
as any other subject. In the light of
financial
education
, the essay would
firstly
discuss the importance of safeguarding the
money
,
secondly
, it would talk about ways to manage the
financial
requirements.

One of the
very
crucial concern with lack of
financial
education
to
people
is
, they are unable to safeguard the
money
which is with them. In a country with a high inflation rate, the
money
kept
in hand/home actually decreases
substantially
over the years.
Therefore
, it becomes crucial to
rightly
invest the
money
in safer funds which will generate revenue which will be in the interest of the person. In fact, in India a substantial share of
money
in low income families is
kept
inside home or in hand, which does not generate any interest or revenue.
Financial
education
will not
only
motivate the person to invest the
money
and safeguard it,
but
will
also
increase the
financial
stability of the larger economy by pushing more
money
into circulation.

In addition
, it will
also
educate a person of the ways to fund his/her
financial
requirements. Every
now
and then we are in need to
money
to fulfill our immediate needs and finance the same using costly methods. Unfortunately, in rural India due to lack of
financial
education
,
people
often
borrow
money
from loan sharks who exploit them by recovering
money
which is much more than the actual market rate.
Acces
to
financial
education
will educate
everyone
of the sources to fund their
financial
needs.

To conclude
, we can
see
the importance of
financial
education
and its role in prospects of safeguarding the
money
as well
as in borrowing the
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IELTS essay Very few schoolchildren learn about the value of money and how to look after it, yet this is a critical life skill that should be taught as part of the school curriculum.

Essay
  American English
4 paragraphs
303 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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