IELTS Part 3 Questions about Young People's Expenditure
How can (or, how do) young people learn to manage their financial affairs?
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?
How do parents in your country view the issue of their children saving money?
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.