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

Financial education should be a mandatory component of the school program. To what extent do you agree or disagree with this statement?

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

Sample Essay

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.

Vocabulary

• 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.