Describe a time when you had discussion on money IELTS Cue Card

The IELTS speaking test was conducted up to 11-14 minutes, which consists of 3 sections: Introductions, cue card round and follow-up discussion round. Each section lasts up to 4 minutes. Here “Describe a time when you had discussion on money” IELTS Cue Card, is given as a practice test to enhance your communication skills in the IELTS Speaking Cue Card test. Four model answers for the given topic with few follow-up questions are given in this article.

Describe a time when you had discussion on money - IELTS Speaking Part 2 Cue Card

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The part 2 of IELTS speaking cue cards is said to be the cue card section, here the candidate will receive a cue card or a task card. The cue card will have the topic on which the candidate has to talk about. You will be given 1 minute to prepare your notes and the examiner will ask you to talk for 1-2 minutes, over all this part lasts for 3-4 minutes. Followed by the IELTS speaking part 3 comes, that is the follow-up question round.

You should say:

• When was it?
• With whom you had it?
• What did you learn?
• How did it benefit you?

Model answer 1 - Describe a time when you had discussion on money

Introduction:

Today, money holds a crucial position in society, even for our basic necessities we need money. I consider myself fortunate to have had the chance to delve into the significance of money. In this account, I will recount my experience and the valuable lessons I gained regarding the value of money.

When it was?

It happened approximately a month ago when my family and I visited the home of one of my father's friends to celebrate my uncle's 60th birthday. The son of my uncle had extended invitations to all his father's friends and relatives to partake in the festivities.

With whom you had it?

Not just my family, but also many of my father's friends attended my uncle's birthday party. One of these friends is Mr. Arvind, who happens to be one of the most successful businessmen in our city. I had the opportunity to engage in a conversation with him that night, discussing the importance of money. 

What did you learn?

He taught me about the importance of money, the skill of saving, and the role money plays in our lives. He explained that saving involves setting aside money for future use or even investing small amounts on a monthly basis.It also includes cutting down on expenses, like recurring costs. Furthermore, he gave a specific example of how money can be valuable. When he was 20 years old, he started saving money from part-time jobs. After a few years, he had saved enough to start his own small business, which has now become a successful enterprise. He also shared his personal experiences of facing financial difficulties and spending money extravagantly during tough times.

How it benefited you?

I found it highly beneficial. After receiving his advice, I developed a fresh understanding of the significance of money. Consequently, I now only use money for necessary purchases and actively strive to save whenever I can.

Conclusion:

Overall, I found the conversation to be enlightening and thought-provoking, as it has the potential to influence how I handle my finances and my overall financial situation as a student. I must confess, this was one of the most valuable discussions I've ever had about money.

Model answer 2 - Describe a time when you had discussion on money

Introduction:

I am an individual who has always desired to have complete control over how I spend my money. However, my perspective recently shifted as a result of a thought-provoking discussion I had about money. Allow me to share the details of this intriguing conversation.

When was it?

It took place a few months ago, when I had the opportunity to meet someone at a familiar location close to their residence. This meeting occurred two years after I finished college. During our interaction, we engaged in a meaningful conversation about my job and various other topics. It was during this exchange that they expressed their viewpoint on managing finances

With whom you had it?

A few months ago, I had a productive conversation with Mrs. Jaca, a senior professor at my college in Vaizga. Back in college, she was our Financial Management professor and was also a good friend to all my classmates. We never missed her class because she not only had a strong grasp of the subject matter, but also incorporated motivational speeches and general knowledge into her lessons.

What did you learn?

During our conversation, Mrs. Jaca shared valuable insights about the concept of budgeting. She explained that budgeting involves creating a plan for how to spend your money. By creating a spending plan, you can determine if you have enough money to engage in the activities you desire and prioritize your spending accordingly. Budgeting is not only beneficial for individuals facing financial difficulties; it serves as a foundation for achieving your financial goals. It enables you to live within your means and make the most of the resources available to you. Mrs. Jaca also provided guidance on how to create a monthly budget, which was very informative and enlightening. Lastly, she emphasized the importance of saving for emergencies, which gave me a new perspective on financial planning.

How it benefited you? 

After participating in this discussion, I have taken the initiative to save money in a Government post office through a specific scheme called MIS (Monthly Income Scheme). Additionally, I have started managing my family's finances by creating a monthly budget, which has enabled me to save money by cutting unnecessary expenses.

Conclusion: 

Overall, this discussion has had a significant impact on me, as it has made me more financially responsible and secure. In fact, it is one of the most beneficial discussions I have had in recent years.

Model answer 3 - Describe a time when you had discussion on money

Introduction:
In recent times, I have noticed that many young people are increasingly interested in investing their money in various ways. Similarly, when I was a teenager, I felt the need to learn about money. In this text, I will share the details of a discussion I had on this topic.

When was it?

About a week ago, I had the opportunity to have a pleasant conversation with my family after a long time. Due to their busy schedules, my parents and brother had not been able to spend much time with me. It is worth mentioning that my brother is an entrepreneur, my father is involved in export work, and my mother is a professor, so we rarely had the chance to engage in meaningful conversations. However, on that particular day, we had a wonderful time discussing various subjects.

With whom you had it?

As previously stated, there was a significant period of time where I was unable to engage in a conversation with them. However, I now have the opportunity to do so. In our discussion, my father and I had an insightful conversation about finances and the doubt I had been experiencing for quite some time.

What did you learn?

The conversation revolved around the keys to success in life and other related matters. It was during this exchange that my father emphasized the importance of practicing saving money. Intrigued, I questioned the reasoning behind saving money and in what ways can I save  money? Then he said that investment is the great way for savings.

Investing involves putting money aside for the future through various means such as savings accounts, stocks, bonds, mutual funds, and more. However, unlike savings accounts other investment options carry a certain level of risk. Despite this increased risk, investing has the potential to yield higher returns. Also he explained how saving can help us in future, as it is uncertain and unexpected financial emergencies can arise at any time. By saving money, one can establish a safety net for future expenses and unforeseen financial needs. The act of saving provides a sense of security and peace of mind, as it ensures that you are well-prepared to handle any challenges that life may present.

Investing is a method of setting aside money for the future that takes on a higher risk than the traditional savings accounts, stocks, bonds and mutual funds etc. even though there is high risk but it has high return. Also he explained how saving can help us in future, as unexpected financial emergencies can arise at any time. By saving money, one can establish a safety net for future expenses and unforeseen financial needs. The act of saving provides a sense of security and peace of mind, as it ensures that you are well-prepared to handle any challenges that life may present.

How it benefited you?

The discussion was truly advantageous. I have got enough knowledge about stocks, mutual funds and how to invest in them. Also I understood the risks in investing in stocks. This discussion motivated me to learn more about investment and multiply my savings.

Conclusion

In conclusion, the discussion was intriguing, primarily because it made me realize that the future is uncertain. Unexpected events like medical emergencies or financial hardships can occur at any time, and having savings can provide assistance during those times.

Check out other IELTS speaking cue card topics

• Describe a family member
• Describe a crowded place you have visited
• Describe a game you played in your childhood