cash vs credit card essay ielts

IELTS Mentor "IELTS Preparation & Sample Answer"

• Skip to content
• Jump to main navigation and login

Nav view search

• IELTS Sample

IELTS Writing Task 2/ Essay Topics with sample answer.

Ielts writing task 2 sample 513 - nowadays it is easy to apply for and be given a credit card, ielts writing task 2/ ielts essay:, nowadays it is easy to apply for and be given a credit card. however, some people experience problems when they are not able to pay their debts back..

• IELTS Essay

IELTS Materials

• IELTS Bar Graph
• IELTS Line Graph
• IELTS Table Chart
• IELTS Flow Chart
• IELTS Pie Chart
• IELTS Letter Writing
• Academic Reading

Useful Links

• IELTS Secrets
• Band Score Calculator
• Exam Specific Tips
• Useful Websites
• IELTS Preparation Tips
• Academic Reading Tips
• Academic Writing Tips
• GT Writing Tips
• Listening Tips
• Speaking Tips
• IELTS Grammar Review
• IELTS Vocabulary
• IELTS Cue Cards
• IELTS Life Skills
• Letter Types

• Privacy Policy
• Cookie Policy
• Copyright Notice
• HTML Sitemap

Band 4+: Cash vs. credit cards: pros, cons, and impact on our spending.

In today’s day and age, credit cards themselves alongside online payment methods play a major role in the daily lives of most people, but while online payment as a means of transaction has only recently originated, Credit Cards have existed since much much before. Here, I shall aim to try and compare them against cash and highlight the strengths and weaknesses of each payment methodTo begin with, both cash and credit cards get the job done, and pay the receiver, but what sets both apart is functionality, ease, comfort, and practicality, where the differences arise. In our daily lives, cash plays a fundamental role in most transactions and exchanges of goods and services. Cash is quite useful in most small daily exchanges, is not cumbersome to handle, and requires simple addition and subtraction to do business with it, being most convenient for the average user.But while that is true, to withdraw or get cash, most need to visit ATMs (not counting online payment), where credit cards come into play. Additionally, holding too much cash at any moment gets risky because of the risk of losing your wallet and displacing money. Also, most advocates of credit cards claim it to be just as easy to use as money, slide it in the card machine, enter your PIN, and voila! No need to worry about not having change or cash.After analyzing the pros and cons of both entities, it is clear to say that the debate of credit cards and cash is once again that of momentary convenience, and the needs and desires of an individual user keep changing from time to time. Safe to say, the best path forward is to use both judiciously in their own best way, and what would be even more important is to bring about some radical change, since online payment methods seem to be outdoing both and rising rapidly in most nations around the world, first world and third world.

Check Your Own Essay On This Topic?

Generate a band-9 sample with your idea, overall band score, task response, coherence & cohesion, lexical resource, grammatical range & accuracy, other topics:, nowadays, more people are choosing to socialise online rather than face to face. is this a positive or negative development.

In recent years, keeping touch via Internet is becoming commonplace for individuals, especially among youngsters. Even though this phenomenon brings about some benefits like offering several opportunities to chat with foreigners that helps enhancing their horizons, from my perspective, this trend can lead to slippery slope of negative outcomes, such as deteriorating personal relationships and […]

Some university students want to learn about other subjects in addition to their main subjects. Others believe it is more important to give all their time ad attention to studying for a qualification

Some undergraduates desire to take up courses in addition to their main subjects, while others consider focusing only on their qualification more important. Despite the fact that concentration only on the main lessons can help students to become a professional specialist, I strongly believe that learning other subjects can be more profitable for finding a […]

1. A rise in the standard of living in a country often only seems to benefit cities rather than rural areas. What problems can this cause? How might these problems be reduced?

The modern and fast-paced world creates a gap between the people who live in urban and backwaters which can be exactly seen when the topic is about the beneficially developed infrastructure of cities. However, problems and solutions about this topic will be discussed in the essay below. To set the wheels in motion, the main […]

Some people think the money spent on developing the technology for space exploration is not justified. There are more beneficial ways to spend this money. To what extent do you agree or disagree?

It is true that space is a wide and interesting field that people should research and explore. However, some believe that it is more advantageous to spend money on others, instead of exploring space. In my opinion, I strongly agree with this point of view. In this essay, I am going to explain my position […]

The leaders or directors of organizations are often older people. But some people say that young people can also be good leader. Do you agree or disagree?

Some individuals hold the opinion that, youngest people can be good leader in contrast to aged people. Although young people have some limitation. I agree that younger people have equal quality to handle a top management post. There are lot of qualities in a young person to do something extra for a company. They have […]

Some people think that public health is the responsibility of the government while others think that people should be responsible for their own health. Discuss both sides and give your opinion.

There are a myraid of people in the world, and all they have their own desire and thesis. Some people are of the opinion that public health is the responsibility of the government, whereas others believe that humans should be responsible for their own health. There are several reasons for both views, however, I strongly […]

Plans & Pricing

IELTS Practice.Org

IELTS Practice Tests and Preparation Tips

• Sample Essays

IELTS essay: Will credit cards replace traditional currency?

by Manjusha Nambiar · Published July 11, 2015 · Updated April 27, 2023

Essay topic

The usage of Credit cards and Debit cards seems to be a growing trend. Will plastic money completely replace the currency notes and coins used at present? Do you think this is a positive development?

 Sample essay

The popularity of credit and debit cards has increased tremendously over the years. This is definitely a positive development because cards have eliminated the need to carry cash in our wallets. However, I don’t expect cards to replace paper currency in the near future.

If credit and debit cards are popular, that is because they are very convenient. Carrying huge amounts of cash in one’s wallet is not very safe. Cards eliminate this need. What’s more, credit cards allow people to buy things even if they don’t have any balance in their bank accounts. Cards have also made online transactions possible. If there were no credit cards, the e-commerce industry would not develop at this pace.

On the flip side, data security is a concern when you make payments using your cards. Hackers are after your credit card details and security breaches can wipe the entire amount in your bank accounts. However, banks and card companies are working hard to fix this problem. And thanks to security measures like two-factor identification card payments have become much safer over the years. Still, I don’t think that cards will completely replace cash.

Many small businesses do not have the technology required to accept cash payments. If you buy things from a roadside vendor you will have to pay cash. I don’t think that they will be in a position to accept cards any time soon. In addition, we are emotionally attached to paper currency. This may also prevent the total adoption of cards.

To conclude, the growing popularity of credit and debit cards is indeed a positive development. However, even today security concerns prevent many people from making card payments. This might change in the future, but until everyone has the facility to accept cards, they are not going to replace traditional currency.

Quick Links

• IELTS Sample Test
• Band 7 Essay Samples
• Band 8 Letter Samples
• Band 7 Letter Samples

Tags: ielts sample essay

Manjusha Nambiar

Hi, I'm Manjusha. This is my blog where I give IELTS preparation tips.

• Next story  IELTS essay sample: Employees should not be asked to work overtime
• Previous story  How to address ‘do you agree or disagree’ type essays

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

• Academic Writing Task 1
• Agree Or Disagree
• Band 7 essay samples
• Band 8 Essay Samples
• Band 8 letter samples
• Band 9 IELTS Essays
• Discuss Both Views
• Grammar exercises
• IELTS Writing
• Learn English
• OET Letters
• Sample Letters
• Writing Tips

Enter your email address:

Delivered by FeedBurner

IELTS Practice

Compare And Contrast Cash And Credit Cards (Essay Example)

Have you ever wondered if using cash is better than using a credit card? A vital factor if you decide to use cash or a card is the purpose of this essay for everyone to look at those similarities and the differences on whether to decide to choose as your form of payment on your next purchase.

There are numerous differences between credit and cash, but there are also similarities whether you prefer to use cash or credit they are both a global form of payment when you make any purchase. Also, neither cash nor credit is the value in and of itself, but the value that is assigned to a piece of paper or a piece of plastic to show the fruits of your hard work. Therefore, you can purchase your daily needs with either cash or credit not because they have any real value, but because society has assigned them a value.

When we think about cash, everyone is first. Today, currently the world cannot survive without cash. We cannot survive without money/cash, but there are many ways in which we can use money. The advantage of using cash is that you are limited to how much you spend, for example, if you don’t have enough cash in your wallet, you cannot buy the product if there is not enough cash. Whereas if you have a credit card you are more likely to spend more because you can just; insert, tap, or swipe that capital. Another advantage of using cash is you don’t have to pay bills monthly whereas for a credit card you must pay bills monthly and if you forget to pay one of your bills then you would have to pay late fees for that. Another advantage of using cash is that not all companies accept credit cards, some establishments only accept cash or certain credit cards. 

Overall cash has many advantages, using cash is easier, you have the money when you need it, and you don’t need to worry about paying bills monthly but as I mentioned before it is up to the person to decide what they choose and how to spend their money.

Like cash, credit cards also have their benefits. As mentioned before credit cards are another way to spend money. If you pay your credit card bill on time this improves your credit scores. Having a good credit score has a lot of benefits. You can save on car insurance, looks good on job applications, you can lease housing effectively, and have access to cheaper utility service. However, with the cash, you cannot reap some of these benefits. When you use rewards credit cards, you can earn cashback or other incentives whereas using cash you cannot have these benefits. And finally, the biggest advantage of having a credit card is that if you lose your credit card or if it is stolen you can easily track it or freeze the credit card so that the person who has the card cannot withdraw or spend the money, but with the cash, you cannot do that, once the cash is stolen then it is gone, and you may not be able to get it back. Credit cards also have advantages like cash has its advantages. They are easy to carry around, you can spend how much money you want, you don’t have to limit your spending. You can get a lot of benefits from having a good credit score and so many more advantages

Since the start of the 21st century and as of today, identity theft is one of the highest crimes committed within the world and the United States. As the future of technology advances the more relaxed, we get with securing our identities and ourselves from hackers. Hackers can now infiltrate banking programs, social media platforms, and credit card platforms. Not only to get our money but to get personal information, and even sometimes your Social Security Number, and of course your place of residence. It should be everyone's intention to raise public awareness regarding identity theft. Unlike facial recognition and fingerprints which are unique to individuals, they cannot transfer to another for their use to get personal data Social Security numbers, bank account information, credit card information, telephone numbers, and any other valuable identifying data that can be used to profit from at the victim's expense. 

If you ask several random individuals if they would prefer cash or using credit you will receive many answers some may go for the latter. The stance on using cash over credit cards varies in the aspect of the user, even though cash and credit cards have the same meaning, there are many differences and similarities between them. The debate between which is better to use on a day-to-day basis is ongoing. However, they both have valid arguments depending on the type of person you ask. With the rise of being able to utilize credit a lot easier, millennials and Generation Z are more likely to say credit, and boomers and Gen X are more likely to go with cash. 

As a victim of identity theft, I know the feeling of losing valuable information for the gain of other individuals, I never once have been a victim of losing my identity through cash or leaving something behind somewhere. There have been many times throughout my life where I have assisted other individuals and found information on how to report and how to identify fraud or financial transactions that may be fraud when they lose or leave behind a credit card or their information is stolen as well. This leads me to believe that it's safer to carry cash over credit when it comes to protecting your identity; some people will carry up to four or five different credit cards at one point instead of carrying cash. If you lose cash, it's simply gone but if you lose or misplace your credit cards, you are putting your identity at risk. Now, when you have a credit card, you have the convenience of calling the bank, having them freeze your account, or disabling your card which stops whoever has your card from making a purchase. Often the bank will reimburse you when you if you have fraud protection. 

Carrying cash over a credit card can also cut down your spending habits if you stick to a budget, then that budget in cash will be all you have. One of the biggest factors with carrying a credit card or depending on how many credit cards you carry is the utilization. In an article by bankrate.com, they stated that “Most credit experts advise keeping your credit utilization below 30 percent, especially if you want to maintain a good credit score. This means if you have $10,000 in available credit, your outstanding balances should never exceed $3,000.” Now there have been many reports of fraud transactions simply because individuals do not recognize something on their bill. 

When you carry cash, you are less likely to spend as much money on things because you watch the money disappear with every purchase you make. When utilizing a credit card; you tend to spend more money because you don't see the money leaving your account. I have asked many of my coworkers and family members which method they prefer, and many did state that they prefer carrying cash just because it allows them to keep up with how quickly they spend their money. Another way in which the two are different is whether you pay an interest rate. Some may be high, where you spend way more in paying back that money or they could be less, but you would still have to pay back the money or the minimum at the end of the month. When you purchase with cash; you pay the cost of the item right then and there and nothing more. You do not have to worry about interest payments or monthly payments. Another big significant difference between cash and credit is that with a credit card you can make purchases with money you simply do not have. It is basically, money borrowed. 

In conclusion, you can see that there are differences and similarities between credit and cash. The decision to use either or both solely depends on the individual and what they prefer. You are the one who makes the purchase; you have the power to utilize either cash or credit to buy something that depends on your lifestyle and your habits. I use both at times, but it is based on the type of investment I am making in myself, for instance, if I am paying for gas I utilize a credit card because the cost is low, but the risk is high due to the possibility of hackers utilizing scam or card readers off of the gas pump, but when I am eating out I tend to use cash because I like to see the fruits of my labor and when I tip it’s in cash. For a big purchase such as buying a vehicle or utilizing some store credit, I will use the credit card to make monthly payments to avoid having to deal with the big upfront cost or having to deal with going somewhere to make a payment every month. Cash and credit both have a value, and that value is what you decide to do with it and what you decide to spend it on yourself.

Related Samples

• Global Rise of Oil Prices (Free Essay Sample)
• California Gold Rush Essay Example
• The Negative Consequences of the International Trade Essay Example
• The Foreign Exchange Market Essay Example
• USA Economy Essay Example
• Should Penny Stay in Circulation? Essay on Money in the United States
• Pros and Cons of Penny Essay Example
• Why We Don’t Need Pennies: Money Essay Example
• Power of Underestimation: China-Canada International Trade Essay Example
• China’s Monetary Policy Essay Example

Didn't find the perfect sample?

You can order a custom paper by our expert writers

Welcome Guest!

• IELTS Listening
• IELTS Reading
• IELTS Writing
• IELTS Writing Task 1
• IELTS Writing Task 2
• IELTS Speaking
• IELTS Speaking Part 1
• IELTS Speaking Part 2
• IELTS Speaking Part 3
• IELTS Practice Tests
• IELTS Listening Practice Tests
• IELTS Reading Practice Tests
• IELTS Writing Practice Tests
• IELTS Speaking Practice Tests
• All Courses
• IELTS Online Classes
• OET Online Classes
• PTE Online Classes
• CELPIP Online Classes
• Free Live Classes
• Australia PR
• Germany Job Seeker Visa
• Austria Job Seeker Visa
• Sweden Job Seeker Visa
• Study Abroad
• Student Testimonials
• Our Trainers
• IELTS Webinar
• Immigration Webinar

In a Cashless Society People Use More Credit Cards- IELTS Writing Task 2

Updated On Dec 06, 2021

Share on Whatsapp

Share on Email

Share on Linkedin

Limited-Time Offer : Access a FREE 10-Day IELTS Study Plan!

In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Advantage and Disadvantage Essay

Introduction

(State your opinion)  In my opinion, a cashless society is not a realistic idea. Of course, we can reduce the use of cash but some amount of paper currency will be in circulation at all times.

Body Paragraphs

Paragraph 1: (Discussion of pros) As for the advantages, they increase the purchasing power of people.

Paragraph 2 : (Discussions of cons)  In spite of having numerous benefits of a cashless society, credit cards do have few demerits as well.

Summarize your answers

Sample Essay

Credit cards play a crucial role in our economy by enabling cashless payments. Since they eliminate the need to carry cash in the wallet, they protect the users from the risk of getting robbed. Even so, in my opinion, a cashless society is not a realistic idea. Of course, we can reduce the use of cash, but some amount of paper currency will be in circulation at all times.

As for the advantages, they increase the purchasing power of people. If you have a credit card, you can purchase even if you do not have sufficient cash in your wallet. This ability, however, can be good or bad, depending upon your spending habits. Using credit cards, people can also make payments in emergencies. For example, in a medical emergency like an accident, the patient or their family can use the card to pay for the medical treatment they need. Card payments also allow people to keep track of their spending. Also, since card transactions are permanently recorded, they make it easy for the government to claim the tax. Overall, cashless transactions ensure transparency in society.

Despite having numerous benefits of a cashless society, credit cards do have a few demerits as well. Excess expenditure is one of the primary cons of having a credit card with oneself. Humans are enticed to spend more than what they earn, as they have more availability of credit.  For example, if a person doesn’t pay the credit card bill on time, they must pay extra interest. In addition, if an individual loses their credit card, it can be easily misused by anyone. Apart from that, the interest rates of credit cards are very high, which is not affordable for a middle-class person. For example, if the person doesn’t pay on time, the bank may charge 15 to 20% interest rates as a late penalty.

These cards come with great responsibility and have their benefits and drawbacks. In my opinion, if a person uses credit cards carefully, then they can be an asset to humankind. We, as a user, should always be aware of all the frauds and embezzlement that can happen with them while using cards.

Meaning : completely remove or get rid of (something) Eg . There is a new policy that would eliminate inflation in the economy.

• Transactions

Meaning : an instance of buying or selling something Eg. In an ordinary commercial transaction, a delivery date is always provided.

Meaning : use (something) in the wrong way or for the wrong purpose Eg. He was found guilty of misusing public funds.

• Embezzlement 

Meaning : theft or misappropriation of funds placed in one’s trust or belonging to one’s employer Eg. He was found guilty on the charges of fraud and embezzlement.

Meaning : attract or tempt by offering pleasure or advantage. Eg.  There is a new show which should entice the audience into the theatre.

Meaning : money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt Eg. The monthly rate of interest provided by the local bank is less in comparison to private banks.

• Transparency 

Meaning : the condition of being transparent Eg. Cashless transactions ensure transparency in society.

Meaning : a punishment imposed for breaking a law, rule, or contract Eg. The charge issued to him carries a maximum penalty.

• Expenditure 

Meaning : the action of spending funds Eg . The expenditure of taxpayers’ money was used by the government.

Meaning : an entry recording a sum received, listed on the right-hand side or column of an account. Eg.   The columns should be added across and down and the total debits should equal the total credits.

• IELTS Essay Topics
• IELTS Sample essays
• IELTS Writing task 2 Tips
• Tips to Improve IELTS Writing Skills
• IELTS Writing recent actual test
• IELTS Writing Answer sheet

Practice IELTS Writing Task 2 based on Essay types

Start Preparing for IELTS: Get Your 10-Day Study Plan Today!

Janice Thompson

Soon after graduating with a Master’s in Literature from Southern Arkansas University, she joined an institute as an English language trainer. She has had innumerous student interactions and has produced a couple of research papers on English language teaching. She soon found that non-native speakers struggled to meet the English language requirements set by foreign universities. It was when she decided to jump ship into IELTS training. From then on, she has been mentoring IELTS aspirants. She joined IELTSMaterial about a year ago, and her contributions have been exceptional. Her essay ideas and vocabulary have taken many students to a band 9.

Explore other Advantage Disadvantage Essays

Nehasri Ravishenbagam

Post your Comments

Recent articles.

Raajdeep Saha

Our Offices

Gurgaon city scape, gurgaon bptp.

Step 1 of 3

Great going .

Get a free session from trainer

Have you taken test before?

Please select any option

Get free eBook to excel in test

Please enter Email ID

Get support from an Band 9 trainer

Please enter phone number

Already Registered?

Select a date

Please select a date

Select a time (IST Time Zone)

Please select a time

Mark Your Calendar: Free Session with Expert on

Which exam are you preparing?

Great Going!

• Practice Test
• Useful Tips – Tricks
• Full Writing Review
• General Writing Task
• Writing Task 1
• Writing Task 2
• Writing Exercises
• Writing Sample – Topics
• Writing Vocabulary
• Speaking Vocabulary
• Intro Question
• Speaking Part 1
• Speaking Part 2
• Speaking Part 2 – Audio
• Speaking Part 3
• IELTS Books
• Recent Exams
• IELTS Vocabulary
• Essay from Examiners
• IELTS Ideas

IELTS App - For Mobile

Ready for the IELTS exam with our IELTS app. Over 2 million downloads

Popular Last 24h

Describe a person whom you met for the first time and made you happy, describe a film that made you laugh, describe something difficult you would like to succeed in doing, describe a prize you have won, ielts preparation tips | top-10 online free sites, [pdf + audio] download full set of 4000 essential english words, talk about a beautiful city (chandigarh).

• IELTS Test/Skills FAQs
• IELTS Scoring in Detail
• Forecast Speaking – 2023
• List IELTS Speaking Part 3
• List IELTS Speaking Part 1
• IELTS Writing 2023 – Actual Test

Our Telegram

Join our community for IELTS preparation and share and download materials.

The information on this site is for informational purposes only. IELTS is a registered trademark of the University of Cambridge ESOL, the British Council, and IDP Education Australia. This site and its owners are not affiliated, approved or endorsed by University of Cambridge ESOL, the British Council, or IDP Education Australia.

Latest Articles

Ielts speaking part 1: advertisements (audio), describe a place where you like to go shopping  , describe an event you attended, ielts speaking part 3: bicycle, describe a trip you took by bike, most popular, topic: experience is the best teacher, in many countries，today there are many highly qualified graduates without employment..

ieltspracticeonline All Rights Reserved

Home — Essay Samples — Economics — Credit Card — Cash vs. Credit Card: A Comprehensive Comparison

Cash Vs. Credit Card: a Comprehensive Comparison

• Categories: Credit Card Money

About this sample

Words: 643 |

Published: Sep 7, 2023

Words: 643 | Page: 1 | 4 min read

Table of contents

Convenience, rewards and benefits, impact on personal finance, environmental considerations.

Cite this Essay

Let us write you an essay from scratch

• 450+ experts on 30 subjects ready to help
• Custom essay delivered in as few as 3 hours

Get high-quality help

Verified writer

• Expert in: Economics

+ 120 experts online

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

Related Essays

1 pages / 651 words

5 pages / 2237 words

5 pages / 2597 words

6 pages / 2748 words

Remember! This is just a sample.

You can get your custom paper by one of our expert writers.

121 writers online

Still can’t find what you need?

Browse our vast selection of original essay samples, each expertly formatted and styled

Related Essays on Credit Card

Credit cards are dangerous, especially for new credit card users who may be interested by what seems like “free” money. Some credit card users fall into credit card traps. If you’re thinking about getting a credit card, [...]

With the blockchain innovation that is one of the greatest developments that have given us mechanical advances and the Internet, digital forms of money have started to enter our lives. In this article I will endeavor to present [...]

The credit ratings for sovereign debt as well as the private sector have been under intense scrutiny since the outbreak of the financial crisis that occurred in 2008. Credit Rating Agencies (or CRAs) have received critique for [...]

In context of corporate governance, there are two vital elements that needed to be maintained in order to ensure efficiency and transparency of organizational operations. These two elements are accountability and performance. [...]

There is much debate between the complete history of money and its origins. For the relevance of this essay, we will disregard the debate and discuss the history of money and barter only in regards to money economic value and [...]

One of the technologies that will potentially bring the greatest impact in the next few upcoming years has arrived. It’s not the social media, it’s not robotics, nor is it A.I, but rather the underlying technology of [...]

Related Topics

By clicking “Send”, you agree to our Terms of service and Privacy statement . We will occasionally send you account related emails.

Where do you want us to send this sample?

By clicking “Continue”, you agree to our terms of service and privacy policy.

Be careful. This essay is not unique

This essay was donated by a student and is likely to have been used and submitted before

Download this Sample

Free samples may contain mistakes and not unique parts

Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

Please check your inbox.

We can write you a custom essay that will follow your exact instructions and meet the deadlines. Let's fix your grades together!

Get Your Personalized Essay in 3 Hours or Less!

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

• Instructions Followed To The Letter
• Deadlines Met At Every Stage
• Unique And Plagiarism Free

• Oct 8, 2019

IELTS WRITING TASK 2 ESSAY - OPINION - MONEY SAVE OR SPEND

Updated: Jun 17, 2020

You should spend about 40 minutes on this task.

Some people think saving money is good, but others think that spending

money is a better way to enjoy life.

Discuss both views and give your own opinion.

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

SAMPLE ANSWER: Number of words: Student: Paola from Peru Band Score: 7.5

We are currently living in an experience economy. Moreover, we are leaning towards consumerism believing that material things will bring happiness. However, we are not paying attention to the future nor having a retirement plan. Although I believe that we should enjoy the present to the fullest spending on experiences, in my opinion, it is also crucial to have a savings or investment plan in place.

There is no doubt that money plays an important role in our lives. The more income you have, the more comfortable life can be. For instance, I have been lucky enough to travel the world and create experiences that will last forever. Moreover, we cannot predict the future and cannot ensure we will live a long life. Therefore, some may argue that we should enjoy every minute while we are alive, going out with friends, dining at the best restaurants, and pampering yourself every now and then.

Are we expecting to become a burden for our families and or the government? This is the main reason why I believe it is extremely important to have investments or a source of income when we retire. Additionally, it will reduce the stress of unforeseen situations such as dealing with an expensive treatment for a health issue or having to help a family member who may need economic support. For instance, five years ago, I used to focus on the present instead of saving for the future. Nowadays, it makes me really worried about the fact I have not invested in property yet which makes me feel quite anxious.

In conclusion, we as individuals must live a more balanced life enjoying the present but also contemplating and planning for the future.

BACK TO MONEY TOPIC

• IELTS WRITING

Recent Posts

IELTS WRITING TASK 2 ESSAY - OPINION - ONLINE SHOPPING ENVIRONMENT AND JOBS

IELTS WRITING TASK 1 LETTER - INVITE A FRIEND TO A PARTY

IELTS WRITING TASK 2 ESSAY - PROBLEM SOLUTION - SUGAR-BASED DRINKS

• Listening Tests
• Academic Tests
• General Tests
• IELTS Writing Checker
• IELTS Writing Samples
• Speaking Club
• IELTS AI Speaking Test Simulator
• Latest Topics
• Vocabularying
• 2024 © IELTS 69

Cash vs Cards, what do u prefer and why?

IELTS essay Cash vs Cards, what do u prefer and why?

• Structure your answers in logical paragraphs
• ? One main idea per paragraph
• Include an introduction and conclusion
• Support main points with an explanation and then an example
• Use cohesive linking words accurately and appropriately
• Vary your linking phrases using synonyms
• Try to vary your vocabulary using accurate synonyms
• Use less common question specific words that accurately convey meaning
• Check your work for spelling and word formation mistakes
• Use a variety of complex and simple sentences
• Check your writing for errors
• Answer all parts of the question
• ? Present relevant ideas
• Fully explain these ideas
• Support ideas with relevant, specific examples
• ? Currently is not available
• Meet the criteria
• Doesn't meet the criteria
• 6 band Some health problems are directly linked to people’s life choices. Why do people make these choices? What can be done to encourage them to make healthier choices instead? In this modern world most of the health related issues are because of the choices people make weathere that are their unhealthy eating habits or the habit of sleeping less, so this essay will discuss what make people choose these kind of unhealthy habits and how to eacourage people to shift there ch ...
• 5.5 band metamorphosis by kafka, the theme of Alienation Alienation of Gregor Samsa in metamorphosis by Kafka is vividly seen through the story. As a fact, Gregor a traveling salesman and woke up from an awful dream to find himself transformed into a monster (vermin), which makes him alienated from his surrounding people and from his own humanity. In a se ...
• Learn a new language and get a new soul. Czech Proverb
• 5.5 band Due to lack of tolerance among people these days, some elements in society show their ant social behaviour and disrespect towards fellow people. Now the questions is why, ? Very first reason can be limited face to face communication with family and friends and dependence on electronic medium. Due to Fast paced life and nuclear family, people are lonely and get easily carried away by insensitive news and get into ant social behaviour and some ...
• 6 band What is the reason for urbanization? Urbanization refers to the migration of inhabitants from rural areas towards urban areas. This essay will discuss the main reasons for this phenomenon. The first reason prompting people to migrate into cities and towns that they have greater employment opportunities. Rural areas offer salaries too ...
• A foreign language is like a frail, delicate muscle. If you do not use it, it weakens. Jhumpa Lahiri
• 6 band Today’s schools should teach their students how to survive financially in the world today The education system has been changed in various ways to educate children and to make them successful in their lives. Unfortunately, schools are less focused on teaching life skills to their students. I believe that not only generic subjects like science should be part of the teaching, but also foun ...
• 6 band There ore more new lowns being built nowodoys. ll ls more imporlonl lo include public porks ond sporfs focililies fhon shopping cenlres for individuols lo spend their hee lime. lo whot extent do you ogree or disogree? Nowadays, a number of buildings are able for people to live. There are numerous towns being built. It is essential to include public parks as well as sports facilities than shopping centre for individual to spend free time. The essay discusses the statement. To begin with, the importance of public ...
• The most intimate temper of a people, its deepest soul, is above all in its language. Jules Michelet

IELTS Writing Samples by topic

The debate on cash versus credit card has been going on for some time. credit is still a fairly new concept within the history of finance; so many people would rather stick with paper money. according to you, which is a, the debate on cash versus credit card has been going on for some time. credit is fairly new concept within the history of finance; so many people would rather stick with paper money. according to you, which is a better p.

• Unlimited Essay Checks: Practice and perfect your skills.
• Detailed Error Analysis: Spot every mistake.
• In-Built Grammar Checker: Say no to grammatical errors.
• Personalized Suggestions: Know how to boost your score.
• Progress Tracking: View your checked essay history.
• Still thinking? We have a 14-day money-back guarantee. Take a leap of faith!