Personal Money Management

 A Mid-Lesson Reflection page 196:

    Financial literacy is the ability to understand and effectively various financial skills, including financial management, budgeting, and investing.

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

    To show that I understand financial literacy, I can do things like starting to save a portion of my weekly income from my parents and not spending too much money for something useless. Also, I will keep track of my spending habits to identify areas where I can cut back and save money.

Activity 8 page 197-198

    1. Which is the best plan for you in 5 years ahead?

I think a graduation ceremony will be my best plan in 5 years ahead because I need to get my studies finished first to decide what am I going to do with my life next. 

    2. Which thing is the most expensive?

The most expensive thing is the House for Sale because the price is 1.500.000.000 which is more expensive than the other 2 things. 

    3. Which temple is the most popular among foreign tourists?

I think the Borobudur Temple is the most popular among tourists because it is the largest Buddhist temple compound in the world.

    4. What was the most important invention in history?

I think the Old-styled electric lamp is the most important invention in history because with a lamp, doing things will be more convenient and way more easier. 

    5. What is the most difficult activity for you to do? 

The most difficult activity for me to do is Communication through letter or by writing it because I find myself easier to talk about my feelings than to write about it. 

Linking Related Texts page 200

    Source of information: A video on Youtube.

    Title of the video/news/post: 

The importance of teen financial literacy | Igor Curic | TEDxAmsterdamSalon

    Your understanding: Financial skills are not thought in the household or even in school. Parents thinks that teens don't understand the value of money so they just use it as much as they want. Soon when they got a job, they will be confused to manage their financial and make some bad financial decision. Parents should be more aware of their teens financial and investment.