In numerous nations, there is a growing trend for individuals to frequently discuss financial matters such as their earnings or expenditures in everyday conversations. What are the reasons behind this phenomenon? is it advantageous or detrimental?

Nowadays, people are openly expressing and discussing their financial state, directly and indirectly. The trend is growing because of numerous reasons.
This
essay will discuss the reasons, and I personally believe that it is an advantageous development.
To begin
with, for the effective management of funds, it is essential to have financial literacy, which can be attained by openly discussing your financial matters. An open discussion on money matters not only helps you to understand various techniques but
also
enlightens your vision to grow.
For instance
, a finance channel in India has a special program where people call and tell their
income
and savings openly, and the experts on that channel provide vital information for better management, investment, and earning huge returns.
This
can only be achieved by sharing the correct information.
Additionally
, financial conversations bring new ideas, ventures to make more money
,
Remove the comma
apply
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and development. Frequent communication with like-minded people about earnings and expenditures always sparks new opportunities, whether it can be opening a new business, making investment plans, or starting a manufacturing unit.
For example
, if someone is earning a good passive
income
from mutual funds and can help their friends earn as well, it can only be done if they communicate effectively on spending additional
income
or savings.
Hence
, I believe, they must share and have frequent communication on
income
and resources.
To conclude
, I would like to assert that, as there are many benefits of discussing financial activities, it proves that it is an advantageous trend to openly communicate on finance.
Submitted by hiteshpaul on

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lexical resource
Improve the lexical resource by using a wider range of vocabulary and avoiding repetition.
task response
Strengthen the argument by addressing potential counterpoints, which will make the essay more balanced.
coherence cohesion
Include smoother transitions between paragraphs for improved cohesion.
grammatical accuracy
Avoid some small grammatical errors for better accuracy, such as: “your financial matters” can be revised to “one’s financial matters”.
task response
The essay provides clear and comprehensive ideas that are well-supported with relevant examples.
coherence cohesion
Both the introduction and conclusion are effectively present, establishing an appropriate context for the discussion.
coherence cohesion
The logical structure is evident throughout the essay, maintaining a clear progression of ideas.

Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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Topic Vocabulary:
  • financial literacy
  • economic pressures
  • consumerism
  • social comparison
  • transparency
  • taboo
  • self-esteem
  • coping mechanism
  • financial management
  • wealth portrayal
  • money management
  • economic environment
  • personal and professional relationships
  • financial situation
  • financial problems
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