Question: Should parents teach their children to spend money freely or to save money?

Analysis

When answering this question, you can discuss the importance of teaching children about money management. Most people would agree that it’s better for parents to teach their children to save money rather than spend it freely, because learning how to manage money is a valuable life skill. You can mention that saving helps children develop responsibility and understand the value of money, while spending freely might lead to bad habits. However, you could also say it’s important for kids to know how to spend money wisely, not just save it. Giving examples from your own experience or people you know can make your answer stronger.

Synonyms

Try these synonyms instead of repeating the question:
  1. spend money freely→use money without thinking
  2. save money→put money aside
Question: Should parents teach their children to spend money freely or to save money?

Idea 1

Parents should teach children to save money
  1. Saving is an important life skill for the future
  2. It helps children learn to manage their finances responsibly
  3. They will be prepared for emergencies or unexpected expenses
  4. It encourages patience and planning, rather than impulse buying
  5. Children who save can buy something special later, which feels rewarding

Idea 2

Parents should teach a balance between saving and spending
  1. Children need to understand both how to save and how to spend wisely
  2. Spending a little can teach them about budgeting and making choices
  3. It’s important to enjoy life and not be too strict about money
  4. Learning to spend on experiences or gifts can build happiness and relationships

Idea 3

Teaching children to spend freely is not a good idea
  1. Children might develop bad habits and struggle with money as adults
  2. They could become careless with their finances
  3. It’s better to have some rules and guidance about money from a young age
Question: Should parents teach their children to spend money freely or to save money?

Related Vocabulary

  1. budget
  2. pocket money
  3. spend
  4. save
  5. allowance
  6. financial responsibility
  7. needs
  8. wants
  9. piggy bank
  10. expenses
  11. habits
  12. future

Authentic Idioms

Try these idioms to get 7+ in IELTS Speaking:
  1. money doesn’t grow on trees: money is not easy to get, so you should be careful with it
  2. to tighten your belt: to spend less money than usual
Band 7 Answer →