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IELTS Speaking Part 3: Money

Here is the follow question/answer for “Describe an expensive gift that you want to give someone” topic:

IELTS Speaking Part 3: Money


1. What is your opinion about the role of money in people’s lives?

Ah, money, it’s a big deal in our lives, isn’t it? Personally, I believe money plays a crucial role in providing us with the things we need and want. It gives us a sense of security, allows us to pursue our dreams and passions, and helps us create opportunities. But hey, it’s not everything. Money shouldn’t define our worth or happiness. It’s important to strike a balance and not let it consume our lives.

2. Do you think it is more important to save or to spend money? Why?

Saving or spending, that’s always a tricky question! I think it’s all about finding the right balance. Saving money is important for future needs and emergencies. It gives us a safety net and financial stability. But hey, we shouldn’t forget to enjoy life too! Spending money on experiences, creating memories, and treating ourselves every now and then can bring joy and fulfillment. So, my vote goes to a healthy mix of both saving and spending wisely.

3. In your country, what is the most popular way people save their money?

In my country, the most popular way people save money is through bank accounts and savings schemes. Traditional piggy banks are also quite common, especially among kids. But with the rise of digital banking and online platforms, more and more people are exploring convenient ways to save and manage their finances.

4. Do you think money can buy happiness?

Can money buy happiness? It’s a tough one. Money can definitely make life easier and more comfortable, but true happiness stems from various factors like relationships, personal growth, and pursuing meaningful experiences. While money can provide temporary happiness through material things, long-lasting happiness comes from within and cannot be solely bought with cash.

5. What are some ways people waste their money?

Ah, the ways we waste our hard-earned money! We’re all guilty of it at some point. Some common culprits include impulsive shopping sprees, unnecessary subscriptions, dining out excessively, and falling for those irresistible sales and deals. It’s important to be mindful of our spending habits and make wise choices to avoid wasting our money on things that don’t truly add value to our lives.

6. How do you think people’s attitudes towards money have changed over the years?

Over the years, people’s attitudes towards money have definitely evolved. With advancements in technology, the rise of the gig economy, and increased access to information, financial literacy and awareness have improved. People are becoming more conscious about saving, investing, and planning for the future. Additionally, there’s a growing emphasis on experiences and personal fulfillment rather than solely focusing on material wealth. It’s a positive shift that encourages a healthier relationship with money.

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