UNIT #5

UNIT #5 : Personal Money Management

 

ACTIVITY 1️⃣

1. Are you familiar with those types of piggy banks?
Yes, i feel very familiar with those types of piggy banks.

2. Do you use them to save your money?
Yes, i used them to save money when i was little.

3. Why do you use them? Why don’t you use them?
I used them to save my money.

4.  Which one do you think is more effective, saving your money in the piggy bank or in a bank? Why do you think so?
I think when i was little, saving in a piggy bank was more effective, because the habit of saving from childhood will grow into adulthood. However, when you are an adult, it will be more effective to save money in the bank because it will be more organized.

ACTIVITY 2️⃣

1. Mention three things you need to set a budget.
Discipline, planning, prioritization.

2. How many steps are there to plan your budget?
There are 6 steps to plan a budget.

3. What is the first step?
The first step is ‘know your income'.

4. What is the last step
The last step is ‘keep track’.

ACTIVITY 3️⃣

1. First, insert your debit card into the machine.
2. Select the language.
3. Enter your PIN but remember to protect it.
4. Select the type of transaction.
5. Select deposit type.
6. Select check.
7. Select the account type.
8. Select check summary.
9. Insert the check.
10. Press continue.
11. Pick the receipt and the debit card.

ACTIVITY 6️⃣

1. Budget wisely by tracking your income and expenses regularly.
2. Save a portion of your income each month to build a financial safety net.
3. Avoid impulsive purchases; always think about whether the item is a necessity or a luxury.
4. Pay your bills on time to maintain a positive credit history and avoid unnecessary fees.
5. Invest in your financial education to make informed decisions about managing and growing your money.

ACTIVITY 7️⃣

Step 1 : Open Bank Merdeka mobile application.
Step 2 : Select transfer.
Step 3 : Select virtual account.
Step 4 : Check the virtual account number and the payment
Step 5 : Click agree.

ACTIVITY 8️⃣

1. Select the items you want to buy.
2. Write your shipping address.
3. Choose your payment method.
4. Finish the transaction.