Writing Task - Sample 14: Financial Education (Band 7.5) Financial education should be a mandatory component of the school program To what extent you agree or disagree with this statement? Although students are able to obtain numerous of benefits from learning financial management at school, it might bring several negative effects This essay will assert that it is advisable to teach finance in school as an optional component or at home rather than a compulsory subject There are significant advantages of financial education when people are at an early stage of life Firstly, children can learn and understand the concept of money that leads to better financial management with well-planned financial decisions and appropriated money solutions In addition, financial education helps children understand the important value of money and realise their parents’ difficulties to earn it As a result, it reminds and educates them to spend money reasonably and plan future expenditure well in advance This subject can be taught in a school program to provide a strong background and deep knowledge for the youth in terms of preparing for their future Furthermore, parents always being good role models for their children ordinarily, thus children may also learn managing finance at home rather than a required subject at school Likewise, many students who have difficulties in study such complex subjects can study in this way On the other hand, being taught about money too early might affect children negatively Initially, the subjects of finance are more complicated and challenging for young students to learn than simple subjects such as mathematics and history because most finance subjects are practical and experience is needed Moreover, people study finance at an early stage of life that could result in measuring everything from a profit making perspective They may talk about money at all the times even at home or in public areas Consequently, children easily are obsessed with money that negatively influence their daily lives In conclusion, the advantages of studying finance early outweigh the disadvantages in many ways The point of view in this essay is that finance can be taught at home or be an option subject rather than a compulsory one at school