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Part 2

Band 5+: how spending less is important in financial managemant

Note: Both the topic and the answer were submitted by one of our users.
71% Accuracy The overall pronunciation accuracy of your speech, reflecting how well a native speaker can comprehend it.
Polished transcript:
Male Female
Financial management is crucial because we often tend to spend more than we earn. It's not just about comfort; it's essential for our financial well-being. As students, we need to prioritize our needs and be mindful of our spending. Every dollar counts, especially in student life. We often spend money for various reasons, but it's important to distinguish between needs and wants. As a family, we should avoid unnecessary purchases. By reducing our spending each month, we can stick to a routine budget and ensure we're meeting our essential needs. This approach allows us to save money, which is valuable for our future and overall financial management. Different societies have different systems, and financial success often depends on our ability to manage our spending. If we can avoid buying costly products that aren't essential, we can focus on our needs and create a budget that works for us. By avoiding unnecessary purchases, we can reduce our spending and improve our financial management. This approach has a positive impact on our overall financial well-being.
Actual audio transcript (What native speakers are likely to hear):

Financial management is uh less uh it’s important for us because uh we are spending more money. It is not uh. Comfortably uh not important for financial management. So because we need to as a student um we can consider to some needs things or we can buy uh it is uh spending uh perfectly uh valuable uh uh. We think about student life. Uh it’s valuable money. We think something we need something. It’s. We uh spend main time many reasons. So we are uh we think we can uh. As a family. I think it’s uh. We are not unnecessary uh things not to buy important for spending money. So we can less uh uh. Every month. Uh our routine uh schedule we can buy it. It’s obviously need for importance that can be possible to fin finance and management uh. And less spending every month and earn uh. We are valuable uh something money we can save. So it is good for our uh. Life and management. Uh. It is a uh. The different system of uh. Our societies. If effect uh if not uh achievement because of you know we less we can buy some things. It is costly product. We can avoid it. Then uh. We spend focus only need and Delhi. Obviously without uh unnecessary product avoided by to so less than spending money for Delhi budget. So it is need for financial management. Totally uh good in impact.

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Speaking Time: 69 seconds

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