Describe a method to save money. IELTS CUE CARD 2021 | VERTEX ENGLISH (2024)

Describe a method to save money. IELTS CUE CARD 2021

Answer

Well, I’m not good at saving money and I tend to buy things without careful consideration. It’s hard to save if you don’t know exactly what you are saving for so what I do is toset savings goalsto motivate myself in every financial decision that I make. Going to Japan has always been my biggest dream but I’ve postponed it so many times due to lack of money. I tried to keep money myself but I stilloverspentand was out of money at the end of month. I asked my mom to keep money for me as she is better at controlling expense. She is like my accountant and helps me tobalance the expense. She also gives me advice whenever I go shopping to make sure it doesn’tset me back. We have an agreement that whenever I take away a sum of money, I have to save double that amount. Thisworks wonders withme as my saving goes up every month . Now I always ask myself whether it’s necessary to buy things or I cansave fora rainy day.After a while, I realize I’veset asidemore money everyday . I buy things within my budget and don’t waste money for unnecessary things. This method of saving money makes me feel good about myself and I feelfinancially secure.

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Speaking Part 3

People Vs Money

What do you think about money?

Money can do many things, both good and bad. It allows us to have freedom and a wide variety of choices. Money gives us confidence and desire to work harder so we can have a better life. You can decide where and how you want to live when you have a good income. When you do not have much money, your choice will be limited. However, everything comes with a price. Having much money doesn’t mean people wontrun into problems.Most people fail tostrike a balancebetween earning and enjoying money so they workday and night. They believe they’ll be happier if they have lots of money. However, for most people, such time never comes and they die unhappy and dissatisfied.

Could human beings live without money?

It’s true that money isn’t the most important thing in this world but it’sirreplaceablein our lives. If the world were a completely free place with no expenses and people could own anything they want without money, they would no longer go to work. There would be nothing asmotivationand people would work unproductively. Money stimulates people toovercome obstaclesso they can enjoy their achievements to the fullest. Besides, people who have moneyhave their own voice insociety and it’s a strong encouragement for anyone.

In your opinion, why do many people derive pleasure from spending money?

Spending money is definitely the most satisfying feeling ever. People can buy things they’ve long waited for toplease themselves.Buying something new willmake their dayandstimulatesthem to work harder. The money spent isn’t necessarily on oneself but also loved ones. It makes us feel good so we will spend more money the next time.

Who do you think save more money men or women?

Well, it’s hard to say. Men’s biggest risk is theiregos.They need tobrag abouttheirpossessionsand how much money they’ve earned , so they end up spending more money. Women tend to save money and spend it when they really need it. However, there are stillexceptionswhen women manage money worse than men. That’s why there is no strong proof to show men or women save more money.

Which do you think is better for the economy of a country or area, people saving money or people spending money?

It’s such a tricky question. I guess for any economy, savingis entwined withspending. When people buy things, they will contribute asum of moneyto the stores so they can pay salaries . The government also benefit from that as it’ll gain tax. If people save money, only the banks have advantage so they can invest orset up newbusinesses.An ideal economy is when saving and spending balanced . It’s a rule for any economy in the world.

Do you think the government should let people know how it spends money?

Well, actually, I don’t really care about this issue. I think the government has its own reason to notpublicizeeverything. It can bestate secretsso the authority wants tokeep it private. However, If the government couldgo public withthe amount of money it spends, it wouldgain trustfrom the public and assure them that their money is invested properly.

Young People Vs Money

How can or how do young people learn to manage their financial affairs?

From my point of view, young people should learn from their parents who have lots of experience with spending money. They will give the youngsters sound advice tokeep an eye on personal expenses. The young should plan short terms and long termfinancial goalsand review themfrom time to timeto manage personal finance well. They need to make sure their budgets cover their savings as well in case of anyunforeseen emergency

Do you think it’s easy for (young) people to save money?

I think it’s all about motivation. When people have specific goals, they’ll find saving money easier. For instance, lots of youngsters areworking their way through universityby doing some part-time jobs. They don’t feel like depending on their parents and wanting tohave less burden onfamily. They can save a small sum of money every month. Once young people keep that habit, they can haveconsiderable savingsfor their future.

Do young people nowadays believe in saving money?

Well, I don’t really know. It depends on theiroutlook,I guess.Saving money upis a good idea in case undesirable problems happen. Developing the discipline to do it over a long period of time is what most people find difficult to do. That’s why not many young peoplekeep track with their monthly expense.

Kids and Money

Do you think parents should give pocket money to the kids?

I do agree with that. Givingpocket moneyto children helps them start learning about money management. When children get pocket money, they have to make choices about spending or saving it. If they save up, they have to learn about waiting for things they want . Otherwise , kids who choose to spend are likely to use up all the money. After a few months, they’ll know how tospend within their budget. Paying the children to do chores also makes them more hard-working.Money doesn’t grow on treesso giving pocket money will teach the kids to appreciate it.

Do parents in your country think it’s important for their children to save money?

Yes, they do. They always encourage the kids tolive within their means. They believe if the children save money, they will be more appreciate and use it wisely. When they set aside money, they will prepare better for the future. They may think saving isn’t necessary now since they are still young and lack of experience. Once they grow up, they’ll understand that itmakes good sense.

Why do people care too much about money?

I think the reason is simply because money equals power. The more money you have ,the more things you can do ,the more influence you have over people. No one refuses power so that’s why they give priority to money.

Is money important to you?

Absolutely. I can buy things with money and give presents for my family by my own money. It makes my life more meaningful . It’s like a motivation topush me forwardand work harder to enhance my life. For me, money is just never enough and if I’m satisfied with what I earn, I’llfall behindwithfellows.

What do people in your country save money for?

I suppose it’s up to different purposes. While the young save money for travelling or paying tuition fees, the elderly tend to keep money for health service and their kids. However, young people have more desire than the seniors so they often spend more than their savings.

Extra Questions

1. Do people in your country save their money?
2. What sort of things do young people spend their money on?