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IELTS Speaking Part 3

Money and Spending: IELTS Speaking Part 3 questions and answers

Money questions are about attitudes. Explain what money can and cannot do and how habits are formed.

Questions and sample answers

Does money bring happiness?

Up to a point. Enough money removes worries about food and housing, which certainly helps. Beyond that, relationships, health and a sense of purpose matter more to happiness.

Should children be given pocket money?

Yes, I think so, because it teaches them to manage money. If they spend it all in one day, they learn a useful lesson about saving without any serious consequences.

Why do some people spend more than they earn?

They may be influenced by advertising, or want to impress others. Credit cards also make it easy to buy things now and worry later, which can lead to debt.

Is it better to save or to spend?

A balance is best. Saving gives security for emergencies, but life should also be enjoyed, so spending on experiences and family is worthwhile.

Will cash disappear in the future?

Probably in many countries, since card and phone payments are faster and safer. But some people, especially older ones, will keep using cash for a long time.

Useful vocabulary

  • manage money — control how you spend and save
  • pocket money — small regular money for children
  • debt — money you owe
  • emergency fund — savings for unexpected costs
  • impulse spending — unplanned buying
  • living expenses — regular costs of living
  • financial security — having enough money to feel safe

Tips for this topic

  • Use “up to a point” to give a balanced answer.
  • Give a cause and its result.
  • Make a prediction with “probably”.

Study guides

More Part 3 topics