Subject: Money | Sample IELTS Speaking Part 1

Questions for the topic Money IELTS Speaking Part 1

1. Do you prefer saving money or spending money?
2. How do you manage your finances?
3. What are your thoughts on payment apps or mobile payments?
4. Do you use a credit card for purchases?
5. Do you think cash will remain popular in the future?

Below are the questions, ideas, and sample answers for the topic Money IELTS Speaking Part 1.

Sample Response

1. Do you prefer saving money or spending money? 

When payday arrives, I cherish the ability to enjoy the fruits of my labor by spending on necessities and personal interests. Spending wisely, I believe, can foster personal growth, happiness, and a satisfying life. However, I am mindful not to overspend and prioritize saving a substantial portion of my income for future goals and emergencies. 

• enjoy the fruits of one’s labor: tận hưởng thành quả lao động 
• personal pursuits: mục đích cá nhân 
• fulfilling life: cuộc sống trọn vẹn, đủ đầy 

2. How do you manage your finances? 

To be frank, managing my budget is perhaps one of my favorite activities. Regularly, I create a monthly spreadsheet to monitor my income and expenses, categorizing them into essential and non-essential spending. This helps me pinpoint areas where I can potentially trim unnecessary expenses and redirect more funds towards savings. 

• cut back on: cắt giảm 
• unnecessary expenditures: những khoản chi tiêu không cần thiết 
• allocate funds: phân bổ ngân quỹ 

3. What are your thoughts on payment apps or mobile payments? 

These tools have proven to be convenient and advantageous in many aspects, revolutionizing how we handle financial transactions. I have found them particularly useful for tracking payment histories during shopping or dividing bills with friends after an outing. Now, I rarely need to carry much cash or credit cards, reducing the risk of loss or theft. 

• financial transaction: giao dịch tài chính 
• payment history: lịch sử thanh toán 
• split bills: chia tiền hóa đơn 

4. Do you use a credit card for purchases? 

As mentioned earlier, the prevalence of online payment apps has made it less necessary to always carry my credit card. However, in the absence of internet connectivity, using a card for purchases, whether at a restaurant or supermarket, can be quite convenient. Additionally, using the card for transactions often comes with rewards programs or cashback benefits that can be redeemed for discounts and other perks. 

• redundant: dư thừa 
• cashback: hoàn tiền 
• redeem: quy đổi 

5. Will cash remain popular in the future? 

Despite the growing popularity of digital applications, I believe cash could continue to be one of the most widely used payment methods. For my everyday expenses, there are specific situations where I still prefer the physical exchange of money, such as paying for fuel, parking, or groceries at the market. Cash is also universally accepted and recognized in nearly all establishments, providing consumers with a sense of reliability and accessibility. 

• prevalent payment method: phương thức thanh toán thịnh hành 
• widely recognized: được cộng nhận rộng rãi 
• establishments: các cơ sở kinh doanh, tổ chức