CAMBRIDGE IELTS 19, TEST 3, WRITING TASK 2
It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement?
In today's world, where financial stress and challenges are common, education in money management is extremely important. I completely agree with the presented idea as among many related matters such as investing and saving, the latter plays a vital role in both adults' as well as young people's as it helps us to avoid financial pitfalls and lead a life virtually without such problems.
First of all, saving money brings a lot of advantages to an adult as they do not have to face financial challenges when an unexpected illness hits them or when they are forced to stay indoors without earning including a virus outbreak. We all know that a person can contract an unexpected virus, leaving them extremely ill and unable to commute to work. As a result, that employee might have to provide themselves or even their family members while they recover from the sickness, which can take weeks or even months. Obviously, money that was saved could come in handy in such times as it helps to avoid going into debt, having to apply for a bank credit or any other problem for that matter. Besides that, we are living in a world where various viruses can suddenly outbreak leading to great pandemics. Having sufficient financial means, for obvious reasons, becomes a matter of life and death. In such periods, the habit of collecting money for future days can end up saving your life. So, understanding the value of wealth and saving it can be really beneficial, especially in times of illness or when the mass majority of people have to stop working because of a massive medical emergency.
Secondly, the practice of constantly putting aside some money is extremely useful to the youngest generation as it can help them learn precious lessons of finance through personal experience. For example, if a parent encourages younger members of a family, they could start keeping aside their spare money with a clear purpose in mind. When doing so, they have to keep track of the money that is already collected and how much more is needed so that they can buy a certain product, for example. Clearly, when these young members of a society want to get something expensive, they also have to manage their budget carefully and minimize unnecessary expenses. It goes without saying that the whole process can leave them with more knowledge and experience on money related matters, which is among the most essential skills in today's complex financial world.
In conclusion, the current global situation is filled with people struggling with financial difficulties, largely due to a lack of financial education. Therefore, I believe that saving money for future needs is extremely important for people of all ages. By consistently saving, the current generation can gain valuable financial knowledge, bringing them closer to future financial success, while the older generation can focus on their health and family's well-being without worrying about financial constraints during unexpected illnesses or pandemics.
#myessays
- 44 minutes
✍️ Tohir Isroilov
@tohir_isroilov
It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement?
In today's world, where financial stress and challenges are common, education in money management is extremely important. I completely agree with the presented idea as among many related matters such as investing and saving, the latter plays a vital role in both adults' as well as young people's as it helps us to avoid financial pitfalls and lead a life virtually without such problems.
First of all, saving money brings a lot of advantages to an adult as they do not have to face financial challenges when an unexpected illness hits them or when they are forced to stay indoors without earning including a virus outbreak. We all know that a person can contract an unexpected virus, leaving them extremely ill and unable to commute to work. As a result, that employee might have to provide themselves or even their family members while they recover from the sickness, which can take weeks or even months. Obviously, money that was saved could come in handy in such times as it helps to avoid going into debt, having to apply for a bank credit or any other problem for that matter. Besides that, we are living in a world where various viruses can suddenly outbreak leading to great pandemics. Having sufficient financial means, for obvious reasons, becomes a matter of life and death. In such periods, the habit of collecting money for future days can end up saving your life. So, understanding the value of wealth and saving it can be really beneficial, especially in times of illness or when the mass majority of people have to stop working because of a massive medical emergency.
Secondly, the practice of constantly putting aside some money is extremely useful to the youngest generation as it can help them learn precious lessons of finance through personal experience. For example, if a parent encourages younger members of a family, they could start keeping aside their spare money with a clear purpose in mind. When doing so, they have to keep track of the money that is already collected and how much more is needed so that they can buy a certain product, for example. Clearly, when these young members of a society want to get something expensive, they also have to manage their budget carefully and minimize unnecessary expenses. It goes without saying that the whole process can leave them with more knowledge and experience on money related matters, which is among the most essential skills in today's complex financial world.
In conclusion, the current global situation is filled with people struggling with financial difficulties, largely due to a lack of financial education. Therefore, I believe that saving money for future needs is extremely important for people of all ages. By consistently saving, the current generation can gain valuable financial knowledge, bringing them closer to future financial success, while the older generation can focus on their health and family's well-being without worrying about financial constraints during unexpected illnesses or pandemics.
#myessays
- 44 minutes
✍️ Tohir Isroilov
@tohir_isroilov