A lot of young people do not know how to manage their money when graduating from high school. What do you think are the reasons? What can be done to teach them this important skill?

Every year many young students graduate high school without the necessary

knowledge

of personal expenses as they don’t know how to survive on a budget in the real world. Financial illiteracy is due to a lack of proper education as well as inadequate

knowledge

However

this

problem can be solved by introducing

management

and finance-related class in high school and proper parenting. The reasons why many youngsters do not know how to spend their money properly is due to the lack of both theoretical and practical

knowledge

on how to manage their own money.

Likewise

, some

parents

do not share financial responsibilities with their children. Take my cousin as an example, my uncle will buy everything that my cousin needed. In consequence, she doesn’t know how to manage her cash.

However

, financial education comprises lessons on how to spend efficiently and enable individual to make informed and useful decisions with all the financial resource.

Furthermore

, if schools introduce financial and

management

education

then

students can learn about making plans for savings, how to use a credit card and how to avoid debt.

Similarly

parents

can teach financial accountability.

In addition

parents

can

also

share some financial responsibilities.

For example

, my

parents

give me pocket money

that is

sufficient for a whole month and give me the freedom to make my own plan on expenditure and save some for the future. We should plan our budget as

such

that we should spend on what we can afford rather than accumulating debt. In conclusion, nowadays financial

management

is necessary more than ever. Schools should integrate financial

management

into their syllabus while

parents

should share some responsibilities with teenagers so that they can have both theoretical and practical

knowledge

on how to spend fund appropriately.

Submitted by sriharsha1862 on Thu Feb 04 2021

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11Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

292 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.5

Complete response

6.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Topic Vocabulary:

financial literacy
real-world applications
consumer culture
credit facilities
financial independence
practical financial literacy
manage finances
financial responsibility
money management
financial planning
tailored
accessible

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A lot of young people do not know how to manage their money when graduating from high school. What do you think are the reasons? What can be done to teach them this important skill?

Fully explain your ideas

Essentional vocabulary list for IELTS Writing 7+

some people think that museums should be enjoyable places to entertain people, while others believe that purpose of museums is the educate. discuss both views and give your own opinion.

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