Financial Education Should be a Mandatory Component of the School Program - IELTS Writing Task 2

The IELTS Writing Task 2 topic, “Financial Education Should be a Mandatory Component of the School Program,” invites candidates to discuss whether schools should integrate financial education into their curriculum. This blog provides 3 high-quality sample answers, complete with useful vocabulary and phrases, to help you structure your essay, present ideas clearly, and boost your band score.

Question

Outline

Essay Type

Opinion essay

Introduction

Sentences 1&2 – Paraphrase the topic with the use of synonyms. Create a base understanding for the reader, something to expand on in the essay.

Sentence 3 – State that the essay will focus on your opinion.

Body Paragraphs

Paragraph 1 – Expand on the benefits and relevance of financial education.

Paragraph 2 – Mention other benefits of financial education like helping in filing for tax returns, income tax rebates and so on.

Paragraph 3 – Acknowledge the negatives, but close with stating that the benefits outweigh the disadvantages.

Conclusion

Restate your views

Financial Education Should be a Mandatory Component of the School Program - Sample Answer 1

Education systems worldwide offer an insight into various topics ranging from mathematics, language, science to history, society, and art. Students worldwide avail themselves an experience in these subjects and furbish their creativity while aligning their thoughts and prospective careers with them. I feel that they should be offered financial education on top of these subjects, and this essay will expand on my perspective.

Financial independence is necessary as it affords an individual the luxury to be in control of his/her life’s decisions. Today, financial education makes achieving this easier as one can deal with the nuances of the financial world with ease. Additionally, financial education can instill financial discipline within a child as he will be introduced to the prospect of saving and investing and how to reap their benefits.

Further, financial education includes solutions to complex but obligatory procedures like income tax filing, income tax rebates and returns, etc. Even adults occasionally face hiccups while undergoing this process, so enlightening a child can help ease the process and simplify the future. Moreover, finance is relevant to everyone, hence educating oneself in this paradigm can only be beneficial.

There are arguments against this notion, as people think that children are already burdened beyond their capacity in the existing educational framework. Such people argue that the current subjects inculcate significant learning within students during the formative years. But, even with these pointers, the relevance of financial education has never been in doubt.

In conclusion, there is a growing feeling that the education system is in line for due modifications, and thoughts indeed align towards introducing financial education in schools as it prepares children for a more practical approach towards their tomorrow.

Financial Education Should be a Mandatory Component of the School Program - Sample Answer 2

In today’s rapidly evolving economy, financial literacy is more important than ever. I strongly believe that financial education should be a mandatory part of the school curriculum because it equips students with essential life skills and prepares them for future financial responsibilities.

Firstly, teaching financial literacy at school helps students develop practical skills such as budgeting, saving, and managing debt. For instance, understanding how to create a personal budget enables young people to avoid unnecessary debt and make informed spending decisions. By embedding financial education into the curriculum, schools can foster independence and responsibility from an early age.

Secondly, early financial education can have long-term benefits for society. Students who learn about investments, taxes, and the principles of earning and saving are more likely to become financially responsible adults. This reduces the likelihood of future economic problems such as overspending or falling into debt traps, ultimately contributing to a more stable and informed society.

In conclusion, I strongly agree that financial education should be compulsory in schools. By equipping students with essential financial knowledge and life skills, schools can prepare them to face future challenges confidently and responsibly.

Financial Education Should be a Mandatory Component of the School Program - Sample Answer 3

The significance of financial education in schools has gained widespread attention in recent years. While some argue that other academic subjects are more important, I largely agree that financial education should be a mandatory component of the school program, as it provides essential knowledge for personal and societal well-being.

On a personal level, understanding money management helps students make informed choices regarding savings, spending, and investments. For example, students who are taught the basics of banking, loans, and budgeting are less likely to fall into debt when they start working. Even a simple understanding of interest rates or the concept of compound interest can have a profound effect on their financial decisions.

However, it is important to recognize that schools already face a crowded curriculum, and allocating time for financial education may be challenging. To address this, financial education can be integrated into existing subjects, such as mathematics or social studies, ensuring that students gain the necessary knowledge without overburdening the curriculum.

Overall, I agree that financial education should be mandatory, though it can be implemented flexibly. Providing students with fundamental financial skills not only benefits them personally but also contributes to a financially literate and responsible society.

Financial Education Should be a Mandatory Component of the School Program - Vocabulary

The following are some of the IELTS Vocabulary found in the above writing sample answers. 

• Insight

Meaning – an accurate and deep  understanding of a person or thing
Example – His insights on our customer markup are extremely accurate.

• Avail

Meaning – use or take advantage of
Example – Many college students avail extra-credit courses to boost their skills.

• Furbish

Meaning – give a fresh look to something
Example – We will move into our new apartment once the furnish is complete.

• Prospective

Meaning –  expected or expecting to be something particular in the future
Example – I had various conversations with a prospective client today.

• Nuances

Meaning – subtle differences in expression
Example – Jash’s driving has a lot of nuances and is different from that of Riya’s.

• Instill

Meaning – gradually but firmly establish (an idea or attitude, especially a desirable one) in a person’s mind
Example – Teachers gradually instill the curriculum’s learning in students during an academic year.

• Obligatory

Meaning – compulsory
Example – Unlike last time, participating in sports has been made obligatory for every student.

• Enlightening

Meaning – give (someone) greater knowledge and understanding about a subject or situation
Example – It was an enlightening discussion on river pollution.

• Paradigm

Meaning – a typical example or pattern of something; a model.
Example – The new-age paradigms of learning have changed dramatically.

• Align

Meaning – give support to (a person, organization, or cause)
Example – Align yourself with positive thoughts in order to grow.

In conclusion, the IELTS Writing Task 2 discussion essay topic, “Financial Education Should be a Mandatory Component of the School Program - IELTS Writing Task 2” asks candidates to examine both opposing views and clearly present their own opinion. With two Band 8 sample answers and useful vocabulary, this blog helps learners develop balanced arguments, organize ideas effectively, and improve their chances of achieving a higher band score in IELTS Writing Task 2.

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