Microsoft Word ielts speaking Actual Tests (Sep Dec 2019) and Suggested Answers Version

Part 3
Why do young people tend to waste money?
People tend to waste more money because they like to flex (try to look cool) or pretend in front of their friends. They want to show that they can afford things that maybe the other can’t like the latest iPhone or expensive vacations. So, it’s all something superficial for young kids.
Why is it important for people to save some of their money?
Saving money is important because you don’t know how the future is going to be, maybe you will go through rough times where you wish you’ve saved all the money you spent on mundane objects. Still, I think it’s all about balance. Don’t fret (worry) over money too much, but also don’t spend it like a drunken sailor (like a crazy person).
Should children be taught how to manage money?
Children should be taught how to manage their money, it is very important that from the very beginning we all know how to make the best use of our money- it could be saving or investing. Instead of learning so many mathematical skills that we may never use in the school system, I think they should have more classes like this.
Who is better at saving more money, men or women?
I would say that it does not depend on the gender, it depends fully in the kind of education we received as kids and also in schools. They say that men can be impulsive, but I know a fair share of women who are the same. On the other hand, perhaps women spend more on physical maintenance, but by the same token (in the same way), there are also many men who do so.