Young People's Expenditure | IELTS Speaking Questions & Answers


IELTS Part 3 Questions about Young People's Expenditure

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

Generally, I suppose they learn from their parents as the first example. If their parents are very careful and manage their finances well, then young people will probably adopt some of their parents’ habits, if not all of them.

On the other hand, if parents are very free and easy with their money and don’t plan or save anything, it’s likely that their children will have a similar attitude unless somebody else shows them a different approach. I suppose sometimes children may learn about managing money at school, but I don’t think all schools teach it as a skill. Or maybe they will be a part of a promotional activity by a financial institution and learn some good habits as part of it.

Of course, once you’re working and earning money, there’s a lot of financial advice and tips available. As soon as you open a bank account you normally get bombarded by financial advice, savings plans and other financial products from the bank you choose.

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

Generally, yes they think it’s important to save something each week or month. They try to encourage their children to save for their future. They might explain about buying a car or house when they’re older and the fact that they’ll probably need some savings for a deposit to be able to get a mortgage or bank loan. Children probably don’t think it’s very important when they’re young, but once they’re working they can usually understand that it makes good sense.

How do parents in your country view the issue of their children saving money?

Many of them positively encourage their children to start a savings plan when they are young. That way, if relatives or the parents give them extra money for special occasions they can spend some of it and save the rest for sometime in the future.

Most banks have special children/young people savings accounts, and of course most children understand the simple concept of a piggy bank – it’s how my grandmother taught me to save.

What do young people spend their money on?

Usually many different things, but I suppose the most popular would be clothes, music, electronic gadgets and I guess girls spend more on makeup and stuff like that. Depending on how old they are, they might spend a lot of money socializing or going out, or maybe they have a specific hobby, a favorite sport or something similar which they spend their money on. Of course, as well as spending their money on things they like and want, they probably have to spend some of their money on transport and food and other basic necessities of life each month.





Describe a meeting
IELTS Cue Card -Describe a meeting you attended...
A popular place for swimming
IELTS Cue Card Describe a popular place where people go to swim
an advertisement cue card
Recent IELTS Cue Card Describe an advertisement that you like, what it was about, where you saw it, and why you like it...
Describe a big change in your life
IELTS Speaking Exam A Big Change in Your Life...
Recent IELTS questions & answers
IELTS Cue Card Talk about a popular film/movie actor...
Actual IELTS speaking test questions
NEW IELTS Speaking Test What do you do to stay healthy?
IELTS, Which TV show do you enjoy watching?
NEW IELTS Speaking Test Which TV drama series do you enjoy watching?
IELTS, hometown, shopping, rainy weather, ecommerce
NEW IELTS Speaking Test How do you shop? What have you bought recently?
Why is travel abroad popular with young people? Tourism, Cultural Invasion
Travel & Tourism Is cultural invasion a threat?
5 Tips for Receiving Feedback from Your Boss
Feedback & Comments 5 tips when your boss gives you feedback...
Recent IELTS Speaking Questions - Volunteering, Neighbors, Arriving Early, Technology & Time Management, Punctuality
Recent IELTS Exam Questions
Latest IELTS Speaking Questions - Describe a useful website you have used
Latest IELTS Cue Card Describe a useful website you have used...
Latest IELTS Speaking Questions - describe a plant or flower important for your country
Latest IELTS Cue Card Describe an important plant or flower in your country...
IELTS cue card - describe someone you worked or studied with who helped you
IELTS Cue Card Describe a helpful person you know...
Recent IELTS speaking test - describe someone you know who has lived abroad
IELTS Cue Card Describe someone who has lived abroad
Recent IELTS speaking test - describe a change in your life
Recent IELTS Cue Card Describe a change in your life
IELTS Cue Card Describe Best Childhood Memory
Recent IELTS Cue Card Describe a childhood memory
IELTS Cue Card Describe an achievement
NEW IELTS Cue Card Describe an achievement you are proud of...
IELTS Cue Card Describe a painting
NEW IELTS Cue Card Describe a painting or other art work...
NEW IELTS Speaking Test Describe a sport you would like to learn, dancing, sport & the media...
Describe a discussion with a stranger
NEW IELTS Speaking Test politeness, chatting, birthdays, gadgets, reality TV...
clothing
IELTS Cue Card Clothing you received as a gift, clothes, fashion, gifts, shopping...
A free gift you received when you bought something
IELTS Cue Card A free gift you got when you...
IELTS speaking test questions
IELTS Speaking Test FULL Part 1, Part2, Part 3
IELTS Cue Card - Describe the stage of life you enjoyed the most
IELTS Speaking Topic Mobile phones +'ves & -'ves
IELTS Cue Card - Describe the stage of life you enjoyed the most
IELTS Cue Card Describe the most enjoyable stage of life
IELTS Cue Card - Describe an interesting building
IELTS Cue Card Describe an interesting building you visited ...
IELTS Cue Card - Describe a rule you had to obey at school
IELTS Cue Card Describe a rule ...
IELTS Cue card - an interesting person
IELTS Cue Card Describe an interesting person you met
IELTS Cue Card - Talk about a married couple who inspire you
IELTS Cue Card Talk about a married couple
IELTS Cue Cards
IELTS Cue Card Describe riots in another country
IELTS Cue Card - Late for an appointment
IELTS Cue Card Late for an appointment
IELTS Cue Card - something you bought but don't often use
IELTS Cue Card Describe something you bought but don't often use
IELTS Cue Card - helping others
IELTS Cue Card - Describe something you do to help other people
IELTS Cue card - a prize you want to to win
IELTS Cue Card Describe a prize you would like to win
NEW IELTS Cue Cards
NEW Recent IELTS Cue Card - Describe some good news you gave to someone
Recent IELTS Cue Cards
Recent IELTS Cue Card - Describe a disagreement you had with someone about a decision
Recent IELTS Cue Cards
recent IELTS Cue Card Describe a recent holiday
Recent IELTS Cue Cards
Recent IELTS Cue Card Describe a quiet place you like
FULL IELTS Speaking Test Questions & Answers
Latest IELTS Speaking Exam Full questions & answers
IELTS Speaking Topic Foreign Food
Recent IELTS Cue Card - an experience with foreign food
A child you spent time with
Recent IELTS Cue Card Describe a time you spent with a child
A place where cell phones are prohibited
Recent IELTS Cue Card Describe time when you couldn't use your cell phone
IELTS Cue card - Describe a small business you would like to open
IELTS Cue Card Describe a small business you would like to open
IELTS Cue card - something you want to learn more about
IELTS Cue Card Describe something you would like to learn more about
Recent IELTS Cue Cards
IELTS Cue Card Describe a time when you were angry about something
IELTS Cue card - something that made you laugh
IELTS Cue Card Describe something that made you laugh recently
IELTS Cue Cards
IELTS Cue Card Describe a well paid job in...