Financial preparedness through emergency savings has become an increasingly important topic in IELTS Writing Task 2. This theme has appeared in various forms over the past five years, particularly in questions about personal finance, economic security, and lifestyle choices. Based on analysis of past exams, this topic is likely to continue appearing frequently, especially given its relevance to global economic uncertainties.
Understanding the importance of emergency savings fund is crucial for IELTS candidates, as it often intersects with broader themes of financial responsibility and planning for the future.
Sample Question Analysis
Some people believe that saving money for emergencies should be mandatory, while others think it should be a personal choice. Discuss both views and give your opinion.
This question requires candidates to:
- Examine arguments for mandatory emergency savings
- Consider perspectives supporting personal choice
- Present and justify their own position
IELTS Writing Task 2 discussion about emergency savings importance
Band 8 Sample Essay
In today’s uncertain economic climate, the debate over whether emergency savings should be compulsory or left to individual discretion has gained significant attention. While both approaches have their merits, I believe a balanced combination of mandatory and voluntary savings would be most beneficial.
Those advocating for mandatory emergency savings argue that it provides essential financial security. Many individuals lack the discipline to save voluntarily, making them vulnerable during unexpected crises such as medical emergencies or job loss. For instance, the recent global pandemic demonstrated how crucial emergency funds are, as countless people without savings struggled to meet basic needs during lockdowns. Furthermore, mandatory savings could reduce the burden on social welfare systems and promote financial stability across society.
Conversely, proponents of personal choice emphasize individual financial autonomy. They contend that people have varying financial circumstances and priorities, making a one-size-fits-all approach impractical. Some individuals might prefer investing in education or business opportunities rather than maintaining large emergency funds. Additionally, mandatory savings requirements could create hardship for low-income families who need immediate access to their earnings for daily expenses.
The importance of savings for major life events cannot be understated, but I believe the optimal solution lies in a hybrid approach. Governments could implement a basic mandatory savings requirement while allowing flexibility for additional voluntary contributions. This would ensure a minimum safety net while respecting individual financial autonomy.
Band 6.5 Sample Essay
Nowadays, there is a big discussion about whether people must save money for emergencies or if they can choose to do it themselves. This essay will look at both sides and share my thoughts.
Some people think saving money for emergencies should be required by law. When people don’t have savings, they can face big problems if something bad happens. For example, if someone loses their job, they need money to pay for food and bills until they find new work. Also, many people spend too much money and don’t think about the future, so making savings mandatory could help them.
On the other hand, many believe it should be a personal choice. Different people have different money situations and needs. Some people might need to use all their money for important things like food or rent. Also, some people might want to use their money for other things like starting a business or studying. The importance of savings accounts in financial growth is clear, but forcing everyone to save might not work well.
In my opinion, I think it’s better to let people choose if they want to save money. However, the government should teach people about why saving is important and help them learn how to manage money better. This way, people can make good choices about their money without being forced.
Score Analysis
Band 8 Essay Features:
- Sophisticated vocabulary and complex structures
- Clear and logical organization
- Well-developed arguments with specific examples
- Cohesive devices used effectively
- Balanced discussion with clear position
Band 6.5 Essay Features:
- Simple but clear vocabulary
- Basic argument development
- Some grammar errors but meaning clear
- Limited use of complex structures
- Basic organization present
Key Vocabulary
- financial autonomy (n) /faɪˈnænʃəl ɔːˈtɒnəmi/ – independence in making financial decisions
- welfare systems (n) /ˈwelfeə ˈsɪstəmz/ – government programs providing assistance to those in need
- mandatory (adj) /ˈmændətəri/ – required by law
- discretion (n) /dɪˈskreʃən/ – freedom to decide
- vulnerability (n) /ˌvʌlnərəˈbɪləti/ – state of being exposed to risk
In conclusion, emergency savings remains a crucial IELTS Writing Task 2 topic. For practice, consider writing about related questions such as:
- The role of government in promoting personal savings
- The impact of emergency savings on economic stability
- Balancing savings with other financial priorities
Share your practice essays in the comments section for feedback and improvement suggestions.
