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Describe a time when you received money as a gift.
you shold say:
When it happened
Who gave you the money
Why he/she gave you the money
And explain how you felt about it
Sample answer
Let me tell you about a very special time I received money as a gift. It was actually just a few months ago, right around my graduation from college. It was a stressful but exciting time – lots of goodbyes to friends, getting ready for the real world, and of course, figuring out what to do next.
On the day of my graduation ceremony, there was a big party afterwards at my parents' house. All my family members were there, along with close friends from college. It was a joyous celebration filled with laughter, stories, and way too much cake!
During the party, my grandparents pulled me aside for a private moment. They handed me a beautifully wrapped envelope, and I could tell there was something special inside. With a twinkle in their eyes, they told me it was a graduation gift to help me get started in this new chapter of my life.
I opened the envelope carefully, and to my surprise, it was a decent amount of money! I was honestly speechless for a moment. My grandparents had always been incredibly supportive throughout my college years, but this was something extra special.
I gave them both a big hug and thanked them from the bottom of my heart. They told me they were so proud of everything I'd accomplished and excited to see what the future held. They wanted me to use the money for anything I needed, whether it was a deposit on an apartment, interview clothes, or even a little travel adventure.
The money itself was incredibly helpful, but what truly touched me was the sentiment behind it. It was a symbol of their love, support, and belief in me. It felt like a big vote of confidence as I embarked on this new journey.
Of course, I ended up using the money wisely. A portion went towards a security deposit for a new apartment, and I used some to buy some work-appropriate clothes. But I also set aside a bit for a weekend getaway with a close friend from college – a chance to unwind after all the graduation hustle and bustle.
Looking back, receiving that graduation gift was more than just money. It was a reminder of the amazing support system I have in my family. It motivated me to work hard and chase my dreams, knowing I had people cheering me on every step of the way.
Part 3
Why do people rarely use cash now?
The decline of cash can be attributed to several factors. Cashless payment methods like credit cards and digital wallets offer convenience and security. Transactions are faster and easier with a tap or swipe, and there's less risk of losing physical bills. Additionally, online shopping and contactless payments have become increasingly popular, further reducing reliance on cash.
When do children begin to comprehend the value of money?
Children grasp basic money concepts around age 3. By 7, they understand the difference in value between coins and bills. However, fully comprehending the connection between work, effort, and earning money likely develops around middle childhood (ages 9-12) as their understanding of economics and personal finance matures.
Is it good and necessary to teach children to save money?
Absolutely! Teaching children to save money instills valuable life skills. It fosters responsible financial habits like budgeting and delayed gratification. Understanding the concept of saving allows them to set goals and work towards them, building self-discipline and a sense of accomplishment. Early exposure to saving helps them make informed financial decisions later in life.
Should parents reward children with money?
Rewarding children with money can be a double-edged sword. It can motivate good behavior, but it's important to strike a balance. Frequent rewards for expected tasks can lessen their intrinsic value. However, rewarding effort or exceeding expectations can be a positive reinforcement. The key is to focus on teaching the value of hard work and responsible money management alongside occasional monetary rewards.
What are the advantages and disadvantages of using credit cards?
Credit cards offer convenience and security for purchases, allowing you to build credit and sometimes earn rewards. However, there's a risk of overspending due to easy access to credit. High interest rates can quickly turn small purchases into big debts. Careful budgeting and timely payments are crucial to reap the benefits and avoid the pitfalls of credit card use.
Do you think it's a good thing that more people are using digital payment?
The rise of digital payments offers definite advantages. It simplifies transactions, promotes security with features like pin codes and encryption, and can even track spending habits. This convenience can encourage more people to participate in the formal economy. However, there are concerns about digital divides and ensuring everyone has access to this technology. Overall, the shift towards digital payments seems positive, but efforts to bridge the digital gap are crucial.