IELTS Speaking Part 1 – Money
IELTS Speaking Part 1 – Money
- Do you prefer to save money or spend money?
- How do you save money?
- What do you think about payment apps or mobile payments?
- Do you use a credit card to buy things?
- Do you think cash will still be popular in the future?
1. Do you prefer to save money or spend money?
I prefer to prioritize saving money initially, accumulating a certain amount before considering expenditures. After all, what’s the point of money if you don’t spend it? I conscientiously focus on saving when it comes to my salary. While I aim to stick to the saving plan, there are instances when expenditures surpass expectations, leading to tapping into savings. I’m working to ensure that any increased spending aligns with additional projects, allowing me to both save and enjoy what I want.
2. How do you save money?
There are two basic approaches. One is allocating a certain percentage of your income for savings upon receipt, with the remainder dedicated to expenditures. This method typically involves around 25% of your income. However, during challenging times like the pandemic or economic downturns, I’ve had moments where expenditures took precedence, leaving what’s left as savings. This can be demotivating, as it feels like your salary is untouched, yet it’s gone due to bill payments.
3. What do you think about payment apps or mobile payments?
Payment apps offer great convenience, but they also have downsides. The ease of spending without tangible notes can lead to reduced remorse and increased expenditures. Physical money tends to discourage spending, as we can visibly see and feel it. On the other hand, with digital transactions, it’s just a number on the screen. While digital payments are beneficial, improving financial literacy is crucial to maintaining responsible spending habits.
4. Do you use a credit card to buy things?
Growing up, my dad discouraged the concept of credit cards, and I never acquired one due to concerns about potential poor financial decisions. I’ve witnessed instances where individuals become addicted to credit card spending, accumulating debts. Documentaries often highlight this issue – having access to a credit card may lead to excessive buying. To avoid such pitfalls, I’ve chosen not to get a credit card and nip any potential financial challenges in the bud.
5. Do you think cash will still be popular in the future?
I recall a tv show where Stallone said, “Cash is king,” and I couldn’t agree more. While it may not be as popular as before, physical wealth is still significant. People tend to consider physical fiat notes important for showcasing wealth. Despite the rise of digital transactions, physical cash will likely remain relevant not only in my lifetime but also in my family’s and my daughter’s lifetime.
Check Placement Test for Speaking
Please visit the website Educatorian to find suggested answers for IELTS speaking questions. Additionally, I recommend checking out Ian’s personal website for further information.
请访问Educatorian网站，找到雅思口语问题的建议答案。此外，我建议查看伊恩的个人网站以了解更多信息。
Ian Tanpiuco – Virtual Assistant, Educatorian, and IELTS Rizz Tutor. Ian’s goal is to enhance his students’ IELTS scores through a comprehensive curriculum that focuses on understanding rather than mere memorization.
