Personal Money Management

 A Mid-Lesson Reflection (page 196) 

As a student, what are the good things you can do to show that you understand financial literacy? 

By applying personal money management. For example: 

1. Create budget to manage expenses and incomes 

2. Saving money 

3. Avoid impulsive buying 

4. Set financial goals and develop a plan to achieve them

Activity 8 

1. I think future investment is best plan for 5 years because we can make money as well as save. But qilan prefers ceremony graduation, if he’s graduate he can get a job and make money for investments. 

2. In my opinion and Qilan, the most expensive is prices for painting because paintings can’t produce anything except for sale but usually take a long time. 

3. In my opinion and Qilan, the most popular temple for foreign tourists is Candi Borobudur because the view is more beautiful and take elements of Hinduism. 

4. I think the most important invention in history is old styled telephones because we can communicate from far away. But Qilan opinion is old style electric lamp because it makes us able to see even though it’s night. 

5. In my opinion and Qilan, the most difficult activity to do is communication through letter because it can’t communicate directly for a long time, the letter can be lost and cannot be read by the intended person.

Linking Related Texts

Source of information: Tiktok 

Title of the video/news/post: How to budget as student 

Your understanding: For student there are 50/30/20 rule, 50% needs, 30% wants, 20% savings but don’t waste your money too much on needs or wants, because we have to save for the future.