Describe a valuable item that you would like to give as a gift
To whom would you like to give?
What do you want to gift?
Why do you want to give it?
How long would you need to save for it?
Sample Answer of Describe A Valuable Item That You Would Like To Give As A Gift
Here I’m going to talk about an extremely important gift that I would love to give to my cute little nephew who is 6 years old. I have always believed that the best gifts are those that can contribute to someone’s well-being and personal development. With this in mind, I would love to give a bicycle as a gift. His birthday is coming on the 15th of December and I believe a bicycle would be the perfect gift for him.
Firstly, it would help him to stay physically active and healthy as he can use it for daily commuting. Secondly, it would also help him to explore his new surroundings and make him feel more connected to the new place. Lastly, it is an environmentally friendly mode of transport which is very important to both of us.
I have been planning to give him a bicycle for quite some time now. However, as a student, I have a limited budget and a good quality bicycle can be quite expensive. I have been saving money for the past six months by cutting down on unnecessary expenses and doing part-time work. I am almost halfway through my savings goal and I hope to have enough money to buy the bicycle in the next couple of months. I am looking forward to surprising my nephew with this valuable and thoughtful gift.
Question 1. What do you think young people save money for?
Answer – I think young people today save money for a variety of reasons, ranging from short-term goals to long-term aspirations. Many are focused on their education and are saving for tuition fees or study abroad programs. Others save for experiences, like travel or attending concerts and events. Some also save for gadgets, cars, or their first home. Additionally, a growing number are becoming financially savvy, investing their savings to secure their future. Overall, the reasons can vary greatly depending on individual priorities and life circumstances.
Question 2. What is the difference between men and women saving money?
Answer – The difference between men and women saving money can often be linked to societal norms, financial goals, and even risk tolerance. Men are statistically more likely to invest in higher-risk portfolios, aiming for bigger returns, while women tend to be more conservative, opting for safer investment options like bonds or fixed deposits. Additionally, women may prioritize savings for family-related expenses like healthcare or children’s education, whereas men might focus on assets like property or cars. However, these are general trends and individual behavior can vary widely.
Question 3. Do you think it is better to spend money or save money?
Answer – I believe the ideal approach is a balanced one, combining both spending and saving. Spending money on experiences or items that enrich your life can bring immediate happiness and long-term satisfaction. However, saving ensures future financial security, which is equally important. Striking a balance between the two allows you to enjoy the present while also preparing for unexpected events and long-term goals, thereby creating a well-rounded financial lifestyle.
Question 4. Do you think children’s knowledge of money comes from school or family?
Answer – I think children’s knowledge of money primarily comes from their family, as financial habits and attitudes are often formed at home from a young age. Parents are the first role models for spending, saving, and making financial choices. While schools may offer basic financial education, the day-to-day practice and values related to money management are usually influenced by family dynamics and parental guidance. Therefore, the family plays a more influential role in shaping a child’s financial perspective.
Question 5. Do you think schools should increase their awareness of money?
Answer – Absolutely, I believe schools should play a more proactive role in increasing financial awareness among students. Basic skills like budgeting, saving, and understanding interest rates are essential life skills that many young people lack when they enter adulthood. Introducing these topics in the educational curriculum can set the foundation for sound financial decisions in the future, thereby supplementing the financial education they may or may not receive at home.