Financial literacy in school curricula has been a recurring theme in IELTS Writing Task 2, appearing approximately 3-4 times annually in recent years. Based on analysis of past exam papers, this topic frequently emerges in various forms, particularly focusing on money management education for young people. The increasing relevance of financial education in today’s complex economic environment suggests this topic will likely continue appearing in future tests.
role of financial education in schools has become increasingly significant as studies show that early financial education leads to better money management skills in adulthood.
Analysis of Sample Question
Some people believe that schools should include financial education as a mandatory subject in their curriculum. To what extent do you agree or disagree with this view?
This question requires candidates to express their opinion about incorporating financial education into school curricula. It’s an agree/disagree essay that needs a clear position and well-supported arguments.
High school students learning financial literacy concepts in modern classroom
Sample Essay 1 (Band 8.5)
In today’s increasingly complex financial world, I strongly believe that financial education should be a mandatory part of school curricula for several compelling reasons.
Firstly, financial literacy is a fundamental life skill that everyone needs to navigate modern society effectively. Just as importance of understanding taxes for financial planning is crucial for adult life, young people need to understand basic financial concepts like budgeting, saving, and investing before they enter the workforce. Without this knowledge, they risk making costly financial mistakes that could impact their future significantly.
Secondly, early financial education can prevent future economic hardships. Many young adults struggle with importance of debt management for families due to lack of proper financial education. By teaching students about responsible money management during their formative years, schools can help prevent common financial pitfalls such as excessive debt and poor investment decisions.
Moreover, financial education promotes economic stability at both individual and societal levels. When people understand how to manage money effectively, they are more likely to make informed financial decisions, contribute to the economy responsibly, and build sustainable wealth for their futures.
In conclusion, incorporating financial education into school curricula is not just beneficial but essential for preparing students for real-world challenges. This knowledge empowers them to make sound financial decisions and contributes to their overall well-being and success in life.
Sample Essay 2 (Band 6.5)
I agree that schools should teach financial education to students because it is important for their future.
The main reason is that students need to know how to use money properly. Many young people don’t know how to save money or make good choices about spending. If they learn these things in school, they can avoid problems with money later in life.
Also, financial education helps students understand important things like bank accounts and credit cards. These days, everyone needs to use these services, but without proper knowledge, people can make mistakes and lose money. Schools should teach these topics to prepare students for adult life.
Another point is that learning about money can help students in their future jobs. When they understand financial matters, they can make better career choices and manage their salary better.
In conclusion, I think financial education should be taught in schools because it helps students prepare for their future and avoid money problems.
Analysis of Band Scores
Band 8.5 Essay Analysis:
- Task Response: Clear position with fully developed arguments
- Coherence and Cohesion: Logical organization with effective paragraphing
- Lexical Resource: Sophisticated vocabulary used naturally
- Grammar: Complex structures used accurately
Band 6.5 Essay Analysis:
- Task Response: Clear position but simpler arguments
- Coherence and Cohesion: Basic organization with some linking
- Lexical Resource: Limited but adequate vocabulary
- Grammar: Mix of simple and complex structures with some errors
Key Vocabulary
- Financial literacy (n) /faɪˈnænʃəl ˈlɪtərəsi/ – ability to understand and manage money
- Curriculum (n) /kəˈrɪkjələm/ – subjects included in a course of study
- Economic stability (n) /ˌekəˈnɒmɪk stəˈbɪləti/ – steady state of an economy
- Mandatory (adj) /ˈmændətəri/ – required by law or rules
- Investment decisions (n) /ɪnˈvestmənt dɪˈsɪʒənz/ – choices about how to use money to make profit
Consider practicing with this similar topic: “Should schools teach students about cryptocurrency and digital finances?” Share your essays in the comments section for feedback and discussion.
