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  • Task 2: (Agree/disagree) : Money management

    Posted by Falak on December 16, 2021 at 3:12 PM

    All high school students should be taught how to manage money because it is a skill necessary for succeeding in life. Do you agree or disagree?

    Shubhum replied 1 year, 9 months ago 18 Members · 33 Replies
  • 33 Replies
  • Mamta

    December 17, 2021 at 12:27 PM

    In every school, money management should be included in the curriculum because it is a good skill to become successful in life. I completely agree with this statement as it will teach children how to budget their money and effectively use it in their later life.

    To start with, Money management is a very important technique that can be useful in everyone’s life. If it starts at a very young age in high schools, students get to know its importance and can easily implement it in their daily life. Nowadays, each and every child gets pocket money , so they can use this skill and budget their money. By doing so, Children can do a good practice and do not misuse the money. This habit will prove to be beneficial in their future businesses or jobs.

    Moreover, just by learning the financial management they can understand how to spend their income and where to spend for good return. In future they could become renowned businessmen. If proper guidance or money handling is included in school curriculum, youngsters avoid the situation where they use all their income and do not save a few pennies for bad days. For example, those students who know the importance of money management can save enough money to help their parents in their higher education expenses.

    To conclude, because financial planning classes are crucial for them, they should be provided these lessons in schools. In such a way they realise its value at an early age that would be beneficial for them in their future while doing money planning.

    • Falak

      December 29, 2021 at 12:40 AM

      youngsters (can) avoid the situation

      who know the importance of money management can save enough money to help their parents( (in many aspects) in their higher education expenses.

      Feedback : Sentence structure is essay is not convincing , try to use wide variety especially subordinate clauses will help you to make your writing more effective. Example in body paragraph 1 , is missing.

      Band : 3.5/6

  • Sakshi

    January 27, 2022 at 10:39 AM

    It is argued that including money related courses in the curriculum at high school would result in a successful career as it is a great life lesson. I totally agree with this believe, as financial literacy is significant at every age to plan for a ravishing life.

    To commence with, Budgeting classes in school is very crucial as its consequences on toddlers could either be positive or negative. However, although it has some downsides like children may become money minded which will spoil their innocence, still it is more beneficial with proper guidance because it will help youngsters to realize the importance of funds. Another striking benefit is that they won’t struggle with money in future as they would have an idea how to earn, keep and save money. By doing so, they would be able to enjoy and earn at the same time. These days we have seen many adolescents are earning in millions every year by investing in stocks and equity funds.

    Probing ahead, investment courses specially at this age level not only give substantial boost to their dreams, but would also encourage them to stick to them. Moreover, In this way they can help their parents in managing overall house expenses. For instance, my younger brother has these types of vocational courses at school and now he actually advises us on how not to spend extra on something.

    To conclude, I strongly believe mandatory financial planning classes would help young adults to plan for every stage of life from juvenile to retirement.

    • Falak

      January 30, 2022 at 7:55 PM

      Budgeting classes in school is (are) very crucial

      , Budgeting classes in school is very crucial as its consequences on toddlers could either be positive or negative. (sentence is ambiguous, lacking clarity)

      although your essay is of 255 words which is meeting the requirement ,I would advise to extend ideas bit more

      Keep writing!!


  • shivam

    January 27, 2022 at 1:59 PM

    To succeed in life, youngsters should be taught to handle money with care, yes I completely agree with it, as it develops the necessary skill which teaches them a lesson for future.

    Money management skill should be inculcated in the teenagers so that they can be financially independent and not rely on parents for any further financial help. Mostly youngsters spend their whole saving on amusement and fun which leads to financial crisis in future.

    Parents have the responsibility to teach them management of money, discussing bills with them, teaching them about debit and credit, about finance. Furthermore, schools should also have session to teach students about management so that they can save maney for further educational purposes. When Youngsters will start doing jobs in future this would help them save money for future crisis and their generations.

    In conclusion, I will say that students should inculcate life managing skills in everyday life which will help them furthermore will make them financially independent.

    • Falak

      January 30, 2022 at 8:02 PM

      As per IELTS pattern and structure of essay , reasons require strong explanation and examples. Body paragraphs should be well developed, there has to be logical flow of idea maintaining cohesion among sentences. Moreover, essay is of 163 words and is under word and hence, limited use of cohesive devices, supporting details and grammatical range have been observed.

      Band: 2/6

  • Tina

    January 27, 2022 at 4:36 PM

    Money handling is one of the most important skills that one needs to be familiar with from a very young age to survive in this highly competitive world. I completely agree with the statement as effective money managing strategies take anyone very far in life.

    To begin with, children can be taught the basics of finances and investment as part of their curriculum. Students who take up science or engineering are mostly unaware of topics like budgeting, saving, the tax system of the country, etc. For instance, if we ask a finance student about the various ways of investment, they will be able to give a detailed explanation about the do’s and don’ts of investment but on the other hand, a science student may not be able to do so. Another benefit is that they will automatically acquire a healthy relationship with money and won’t be tempted to splurge on unnecessary things rather be mindful about it.

    Moreover, if young people lack the ability to save their money they might in fact end up spending it all which can, in turn, lead to financial consequences in the future. For example, a study conducted by the University of Cambridge proved that a student who was able to pay their tuition fee without any aid was well-versed in how to manage their money at a young age.

    To conclude, all teenagers should be taught to manage their finances well so that they will be able to handle income very efficiently throughout their lifetime.

    • Falak

      January 30, 2022 at 10:08 PM

      Body paragraph 1, seems to have tangential response as it is comparing science and finance subjects. Representation of idea could be better.

      Reasons could be supported by more extended ideas.

      Band: 3/6

  • sriranjini

    January 28, 2022 at 8:19 AM
  • jagriti

    January 28, 2022 at 3:09 PM
    • Falak

      January 30, 2022 at 10:28 PM

      Thesis statement and topic sentence of body paragraph 1 , refers how new skill at an early age can be more adaptive, I would advise to mention how money management skill at an early life can be advantageous.

      essay could be more coherent as at few places , I found the sentences were only adding the verbosity and were repetitive. Explanation should be effective not just paraphrasing of reason sentence.

      Band: 2.5/6


    January 29, 2022 at 12:17 AM

    In every high school, one subject related money management should be consider in their syllabus. Undoubtedly, I support given statement as it will teach teenagers to be a financially independent. Also, I think this increase country’s overall literacy rate among young adults.

    Importantly, high school student should be able to manage their own money to secure their future from financial losses. They should understand the term such as saving, expenses and many more. More likely, this will help students to explore new area and give them courage to be less dependent on their parents. When I was in the junior college, I used to wait for month end to take my pocket money from my parents as I really struggled to manage my monthly budget.

    Moreover, if we continue teaching financial topics to students in their in their early age automatically it will show growth in the India’s financial literacy rate in young generation. If everyone gain knowledge about money management and apply to their everyday life, eventually this will decrease chances of poverty in country. For example, I have seen many of my friends and colleges battling with their financial problem due to lack knowledge in same subject. Some of them have to suffer through critical situation because of their poor financial management or insufficient savings.

    To summarize, high school student should learn financial management lessons to get financial freedom and minimize financial illiteracy rate in future in our country.

    • Falak

      January 30, 2022 at 10:15 PM

      I think this (will) increase country’s overall (financial) literacy rate among young adults.

      high school student (students) should be able to manage their own money

      They should understand the term (terms)

      Answer has clarity . Cohesion and coherence is well maintained . However, there is room for improvement in lexical resources.

      Keep writing!!

      Band: 4/6

  • Dhiraj

    March 25, 2022 at 10:12 AM

    The financial literacy is the essential for each individual’s life, if we introduce in the student’s curriculum it will help them to manage their finance in well planned manner, I will discuss the advantages of the money management in the following paragraphs.

    Money management is something which not everyone gets to understand easily however if we start teaching our kids about it from their high school age it will help them to manage their finances over a period and they can excel well in this era; financial literacy also helps them to understand the value of money, methods of savings, tax planning. If the young generation starts savings at the early stage they can create wealth over a period with the compounding of their savings, Apart, from this the savings habit will also help the national GDP to grow.

    There is a great saying from renowned investor Mr. Warren Buffet that “if you buy the things you don’t need today; you have to sale the things you need tomorrow”. So with the higher saving there is purchasing power however if we teach them at early age these individuals will not spend money on the unnecessary things which they don’t need. If the student’s start’s saving from early of their career they can create wealth over a period of time, the same will be helpful for them during the hardships of their life.

    To conclude the above, I agree that if the financial prowess is introduced in the school level, it will drastically change the society over a period of time; financial independence also brings joy and pride in individual’s life.

    • Falak

      March 29, 2022 at 8:50 AM

      financial literacy is the ( avoid “the” here) essential for each individual’s life

      I will discuss the advantages of the money management in the following paragraphs. ( I will discuss how money management as a subject can help students to understand the…..)

      Money management is something which not everyone gets to understand easily (;) however (,) if we start teaching

      If the young generation starts savings at the early stage (,) they can create wealth over a period with the compounding of their savings

      Mr. Warren Buffet that “if you buy the things you don’t need today; you have to sale the things you need tomorrow”. – avoid such quotes as these are learned ones, you need to present ideas in own words.

      If the student’s start’s (starts) saving from early

      feedback : Mostly conditional sentences have been used (almost everywhere) , try to use other structures as well. Be cautious with punctuation marks.

      Keep writing!!

      Band: 3/6

  • kunsoth

    March 25, 2022 at 12:35 PM

    All children who are in high school should be trained in money management. This essay agrees with the argument that teaching youngsters about money is essential as it is a crucial skill for success in their future life.

    During teenage, all expenses of a student are met by their patents and hence they do not gain any experience in money management. Shortly after their teenage, these little ones will have to face real life where effective spending of money becomes a significant aspect of living. So, if proper training is provided for handling money at an early age, it can be beneficial for their future as well. For instance , a recent study conducted by the university of Delhi found that students who did not attend money management courses at school level were struggling to manage their income in future as well.

    After the school years, most of the students start earing by themselves. Contrary to the stage where they had to depend on elders for all needs, they reach a period where they have income of their own. If young people lack financial skills/ knowledge of how to use their money without saving any. So , If proper guidance on expense handling in included in school curriculum, this situation can be avoided. For example, the Time recently reported that most of the students who received training in income and savings paid on their own for their graduation.

    To conclude, all teenagers should be provided money management lessons in school. This can help them inn future and will also aid them in handling their income effectively.

  • prashanth

    March 26, 2022 at 9:32 AM

    Money management is one of the key aspects of life, while most people say all secondary school students must be educated on how to handle money, as it is one of the pivotal skills to succeed in life. In this essay, I will discuss both the positives and negatives of money management

    On the one hand, people nowadays became extravagant in spending; however, early learnings of how to save money could be beneficial in future, besides they can plan their investments strategically from which they can yield more profits. To illustrate, investment advisors like Warren Buffet says people should spend their money after savings, yet these principals needs to be inculcated in early schooling through which it becomes a habit. However, Indian curriculum is much more focussed on science and history.

    On the other hand, there are other aspects of life which needs attention like career focus and personality development. People who start earning early in their career become bit more spendthrift, as they have no idea how control money. Nevertheless, they start buying unnecessary things which can gather dust with no use. For instance, times magazine conducted a survey in which 90% of people voted they were unable to supervise their earnings. Furthermore, without proper knowledge on managing money can land themselves into debt trap, which can create mental problems.

    To conclude, people need proper guidance on how to manage money, yet these rudimentary skills need to be introduced at high school level, in contrary this can make people more money minded in my opinion.

  • Nihar

    March 27, 2022 at 11:50 AM

    The importance of money management is the basic requirement of one’s life. Many individual believe that the school phase is considered as the best time to understand personal finance. I agree with this statement and would share my thoughts in this essay.

    To begin with, there are many new techniques implemented in various school curriculum to develop requisite skills. It is often kids do not understand the source of income and how their parents struggle to earn for their survival. For example, buying expensive toys which is useless and could have been saved for their future prospects.

    On contrary, many parents and family members do not believe in such way of teaching and let them be responsible too early. They believe this age is for enjoying, better be only taught as per their curriculum, instead this skill may create a sense of understanding and maturity.

    To summarize, I would conclude as personality bringing traits initiates from childhood itself. However, overly information may endanger the growing youth. Therefore, the subject should be consists of basic knowledge only.

    • Falak

      March 30, 2022 at 8:44 AM

      word count is 175 words, certainly the response in under length

      Many individual(s) believe

      topic sentence of B.P 1, is way too general , could be more coherent

      should be consists (consist)

      , many parents and family members do not believe in such way (It is an opinion based essay , don’t respond it as “discuss both the views”, rather than saying “while parents argue…” , you need to present it as your own idea.

      limited use of sentence structure , try to expand body paragraphs with extended ideas.

      Band: 2.5/6

  • Puneet

    March 28, 2022 at 9:06 AM

    Though financial management is a very important skill but is still a debatable topic whether it should be a part of students’ mandatory curriculum or not. This paragraph will elaborate the importance of financial education in schools.

    To begin with, finance is the most important factor in our life. It is always advisable to teach children about money from a very young age, as it will help them to prepare for future. Furthermore, it also helps to reduce the wastage of money as children get to know about the importance of money.Moreover, now we are seeing that majority of tech changes like introduction of cryptocurrency, NFTs etc, requires the good basic knowledge of finances. In order to remain relevant in this dynamic world , it is important to become financial literate. For example, Cuba becomes the first country to recognize digital currency as a part of legal tender & they have made compulsory for all the classes to teach students about the importance of digital money.

    Another striking benefit in this regard is that money management helps students to become self-reliant as it teaches them to save money instead of wasting it for unnecessary activities. Also, children are considered as the future of any region, and teaching them the skills of money management leads to more financial growth in that region. For instance, Americans are considered as the most finance savvy people because there is a mandatory subject of money management in USA schools.

    In conclusion, according to the arguments aforementioned above one can easily say that financial management is the most important skill that schools should inculcate in curriculum.270 words

    • Falak

      March 30, 2022 at 9:03 AM

      aforementioned above (avoid “above”, aforementioned is serving the purpose)

      word “importance” has been observed with repetitive usage, replace it with other synonyms

      keep writing!!

      Ban: 4/6

  • Sudhakar

    April 1, 2022 at 8:56 AM

    Finance management is crucial subject and introducing it in students early career helps them in prospering in life. I completely agree with this statement and in this essay, I will explain how the money management subject helps the students by providing better saving strategies, investment methods.

    Firstly, money management is not easy subject even people with great experience will mishandle it sometimes and face the crisis, hence it is required to teach it from the early days. This subject mainly focuses on different saving techniques like how to spend money wisely and only on products which are essential, so that people can take a decision between necessity and desire while purchasing. it enlightens the students on difference between assets and liabilities. In addition to that, it will also teach the different saving methods to live within one’s means to avoid midlife crisis. For example, my uncle who studied money management, spends money only on required goods and instils everyone that the goods which are not required for people should not be purchased even if they are offered in discounts.

    Secondly, students should have the knowledge on investment as it provides another source of income to lead a peaceful life. Hence, investment is more valuable than saving the money as it will make the money grow exponentially and becomes passive source of income. This knowledge also helps in understanding various investment methods like stock market, mutual funds and fixed deposits. For instance, my friend who studied finance has a vast knowledge on various investment strategies, so he invests money on stock market wisely to gain huge profits every quarter and now it is passive source of income.

    To conclude, I agree that money management subject should be taught early in students career so that it provides knowledge in money saving methods as well as investing strategies to lead a happy life.

    WordCount : 310

    • Falak

      April 4, 2022 at 8:21 AM

      introducing it in students (‘) early career

      only on (those) products which are essential,

      so he invests money on (in) stock market

      now it is (his) passive (additional- as “passive” has already been used) source of income.

      effort to make lengthier sentences has been clearly observed. there is clear overall progression. Well established cohesion . But still expecting improvement in sentence range variation and lexical resources.

      Keep writing!!

      Band: 3.5/6 .

  • Pranav

    May 9, 2022 at 7:05 PM


    Money management is a life skill and should be known to every individual. High school students are teenagers, who are intimidated to purchase expensive products. They do not realize value of such purchases will only depreciate in the future. Instead, they should learn to invest their earnings. This age group is naive and don’t realize the importance of managing money. They should be educated by their parents or teachers at school on money management.

    Only a handful of people succeed in life, the reason? Because ‘They know how to manage their money’. At some point in their life these ‘successful’ people were just ‘ordinary’ people, what made them different is the way they managed their finances. Money management is not just about saving money, but spending it wisely. ‘Warren Buffet’ a business tycoon suggests spending only 50% what you earn, investing 30% of it and saving 20%.

    Teenagers’ now-a-days want to live a lavish lifestyle, there is no harm in this, everyone dreams of this lifestyle. But they don’t realize the efforts and sacrifices needed to achieve this. It’s definitely not a ‘walk in the park’ but years of hard work and proper planning to live a lifestyle they admire. At an age where there no responsibilities, students are bound to make wrong decisions, proper guidance will stop them from doing so.

    It’s high time now the educational institutes should have training sessions where they can train students on important life skills. When these students complete their education they are just job-ready and not life-ready. Educating them on both will create a pathway for them to become successful. Life skill trainings will boost their confidence as they will know for sure that they have been trained on everything and there is nothing stopping them to succeed.

  • Pranav

    May 10, 2022 at 7:04 PM


    Teenagers should be trained on managing their finances to excel in life. Because they are naive and make purchases which may disturb their financial planning. If they are coached on money management skills they will make informed decisions and won’t get trapped in the debt burden.

    Students are trained on skills which are required to perform a particular job. Educating them on life skills will help them succeed in life. Indeed it’s not easy to learn this skill it requires years of practice. Business tycoons have always been recommending to save or to invest, undoubtedly this is the best encouragement anyone would get.

    Financial security gives a sense of accomplishment. All of us work day in and out to earn money but it is crucial to know how to save it. What’s the purpose of earning when the funds aren’t available during emergencies? During tough times money plays an important role in giving a helping hand to an individual.

    In conclusion, if students are exposed to monetary management and planning at an early stage they would understand the value of it. They would make analytical decisions based on past experiences. Education system today mostly focuses on a specific area of development of students but such skill training sessions will help them to understand the world outside better. Clearly it is important to make today’s youth understand the importance of financial planning.

  • Eram

    September 29, 2022 at 4:40 PM
    • Falak

      September 29, 2022 at 11:37 PM

      in the contemporary world,

      in brightening their future

      for instance (,)

      which has developed the habit of budget management. in them

      is introduced in the school ( , ) pupils

      good attempt, great improvement.

      task achievement , lexical resources , sentence range is there, be careful with punctuation.

      Keep writing!!

  • Nida

    September 29, 2022 at 7:40 PM

    Financial literacy should be included as an important life skill subject in high school curriculum. This essay agrees with the argument as learning money management at an early age lays the foundation of a thriving future.

    When children are young all their needs are met by their parents hence, they never have to worry about the financials of it. They don’t get an insight into money planning which is an important skill they need to learn before facing the real world. Therefore, financial planning should be taught early so that by the time the young people are earning their own money they are aware of the importance of managing it too. Recently, in a study it was observed that kids who were taught money management spend their pocket money more judicially as compared to their counterparts who were not. They bought the things they really needed and were even able to save a bit at the end of month too.

    Once the youngsters start their careers, funds management skills are detrimental in having a planning successful future. If young people lack important financial expertise, they will never know how to save for a rainy day. They will overspend on things they don’t need and might land in financial troubles if any unforeseen situation arises. Managing one’s finances is also important for staying financially independent and not being left high and dry in difficult times.

    Teaching kids the importance of money early will help them in making correct decisions with money later in their lives too. Not only will they understand the damages of being a spendthrift but will learn to become self reliant quiet early on. Furthermore, this skill will help them in their own stability and later will contribute greatly in country’s economic growth too.

    In conclusion, financial literacy as a subject should be made mandatory in every school curriculum. This will help save young people from any financial disruption and pave a path for a successful future.

    • Falak

      September 29, 2022 at 11:42 PM

      financials of it (it-?)

      detrimental ( wrong usage , meaning of detrimental : harmful)

      quiet (quite)

      keep writing!!

  • Shubhum

    September 30, 2022 at 11:24 AM

    It is often argued that considering money management as a new subject is beneficial for senior secondary school students for how to used the money on right or wrong stuffs. I am totally agree with this statement. This essay will suggest having a talent is mandatory to make a successful career in future. To begin with, finance or money management classes are really helpful for us to secure our future from financial losses. We should have to understand the importance of money which is earned by our parents through their hard work in offices. If we spend our money buying study instruments etc. that is worth it. Furthermore, if we spend our money in purchasing unnecessary stuffs like junk cuisines, video games etc. which is wastage of money as well as time. At certain time, it will play the role of diversion to accomplish our future plans. However, having a subject like finance management it would help us to protect from scamster and spread awareness among the people. If everyone gain knowledge about money management and will apply to their daily life , eventually this will decrease both poverty ad illiteracy rate. For an example i have seen many of people in the present time which is battling with their financial crisis due to the lack of knowledge. At last not least, providing better education facilities to everyone it leads our career up to the mark. To conclude, all teenagers should be provided money management lessons in every school. This can help them in future as well as in decision making .

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