What do you think are the most important financial skills to have? - IELTS Speaking Part 3

Answer: The most important financial skills to have include budgeting, saving, and investing. Reason: These skills can help individuals manage their finances effectively and achieve their financial goals. Budgeting involves creating a plan for income and expenses, saving involves setting aside money for future expenses or emergencies, and investing involves putting money into assets that can grow in value over time. Example: For example, individuals who develop good budgeting habits can avoid overspending and debt. Those who save regularly can build a financial cushion for unexpected expenses or future goals, such as buying a home or retiring comfortably. Investing can also help individuals grow their wealth over time and achieve long-term financial goals. Alternative: Other important financial skills may include managing debt, understanding taxes, and protecting one's assets through insurance and estate planning.