IELTS SPEAKING PART 1 SAVING MONEY

 

IELTS Speaking Part 1 Saving Money has recently appeared in IELTS Speaking exam. Knowledge about financial education, spending habits, financial freedom and the like should come in handy.

 

If you lack ideas, worry not, this post will give you more ideas on how to answer questions about money. Get ideas on this post and achieve band 9.0!



PART 1

 

SAVING MONEY

 

 

 

Are you good at saving money?

 

Well, I’ve to admit that I’m not. I’m an impulsive buyer so saving money has always been a serious issue for me. Yes I really do know that I should prepare for the rainy days but I just can’t help myself, every time I see something that catches my attention, I buy them at once.




 

LEXICAL RESOURCE

 

An impulsive buyer [noun] – a person who buys something without planning in advance as a result of sudden wanting

Rainy days [idiom] – a time of need

Can’t help myself [phrase] – cannot stop oneself

At once [phrase] – immediately

 

 

What kinds of things do people save money for?

 

I’m not really sure because every person has different needs or wants so I can only assume, perhaps, people save money for material things such as cars, the latest gadgets, or even a house. Some may set aside some amount of money for traveling or for education like pursuing a Master’s degree.

 

LEXICAL RESOURCE

 

Assume [verb] – suppose; presume

Set aside [phrase] – to keep or save something

Pursue [verb] – continue

 

Note: The speaker is being honest for not knowing the right reasons to the question asked, so he is making an assumption that makes him sound very natural.

 



Why do you think some people cannot save money?

 

This is hilarious since I’m one of those people who lack financial discipline. Considering my experience and as I’ve just said earlier, I buy things impulsively, that is one common reason. Another reason would be some people are drowning in debt and saving is impossible or perhaps some are just living beyond their means.

 

LEXICAL RESOURCE

 

Hilarious [adj.] – funny; extremely amusing

Financial discipline [noun] -refers to how well you conform or obey to the set rules of spending and saving



Drowning in debt [idiom] – to owe a lot of money

Living beyond your means [idiom] – spending money more than what one earns

Note: The first line sounds amusing since the speaker realizes that the question is somehow intended for him, the way he reacts to the question makes him sound natural and eloquent in expressing his thoughts.

 

 

Do you think parents should teach their children about saving?

 

I have to say yes, in my opinion, it’s actually every parent’s responsibility to educate their children about saving. Children need to learn how to spend money wisely, financial education should start at an early age so that when they become adults they will achieve financial freedom, and regretfully that’s something I didn’t learn.

 




Notes:

The use of synonyms like ‘educate’ instead of teach is a must.
Topic expressions related to money such as financial education and financial freedom are necessary.

By using these, the speaker shows that he is naturally eloquent in using the language.

 

Still, lack of ideas? Check the Financial Goals article in order for you to equip yourself with more knowledge on how to talk about savings or anything related to money. 

 

 

Learn how to talk about the RECENT TOPIC IN IELTS SPEAKING PART 1 ABOUT TRAVEL AND HOLIDAYon this link https://ieltsdragon.com/ielts-speaking-part-1-travel-holiday/ielts-recent-topic-with-answers/




And that’s all about IELTS Speaking Part 1 Saving Money! I hope you now get good ideas on how to make your answer better on your IELTS test. You surely can ace it!

 

Meaning of Words and Phrases Sources: Collins, Macmillan, Cambridge, Oxford

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