Money Management

 Name: Rayfan Rasya Adryansyah

1. Mid a lesson reflection ( page 196 )

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

When talking about finances, of course what comes to mind are big things like monetary matters that have entered the national scale.

However, that doesn't mean we can't understand it. especially for a student, of course there are things that can be done to show that a student also understands financial literacy.

For example, let's take simple things first, our parents always give us money for snacks, right? For example, suppose there is a student who really wants comics from his favorite film. The book costs IDR 45,000.00 while your pocket money is only IDR 10,000.00 a day. From here you start to think that you can actually buy it by reducing half of your pocket money to save. then budget the remaining IDR 5,000.00 so that it is enough for the whole day, for example saving by bringing supplies from home, and going home using cheaper public transportation. so within 9 days you can buy it.

2. Activity 8 ( page 197-198 )

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

myself am still 17 years old, and my choice is the graduation ceremony. Indeed, investment in the future is important, but it needs to be balanced with appropriate knowledge in order to achieve the desired results

Which thing is the most expensive?

My choice is that the most expensive house for sale is IDR 1,500,000,000.00. This happens because apart from buying the land, we also buy the building, which of course makes it more expensive

Which temple is the most popular among foreign tourists?

The Borobudur temple is the most famous. because this temple has become the 7th wonder of the world, different from the other 2 choices which are known to be dominant only locally

What was the most important invention in history?

I think the wheel is the most important invention. because wheels make human work easier and faster, so they can dedicate their time to other useful activities and certainly in various fields such as the fields in the other 2 options.

What is the most difficult activity for you to do?

I believe the most difficult thing for me is communicating through letter. because I live in the digital era, where this has become a habit because it is more practical and efficient.

3. Linking related text ( page 200 )

Source of information:

https://www.moneygeek.com/financial-planning/personal-finance-for-teens/

Title of the video/news/post:

Teens' Guide to Building a Strong Personal Finance Foundation

Your understanding:

Many teenagers who are learning how to manage their finances often experience financial mistakes and mismanagement.

There are also statistical facts from the Greenlight survey which say that almost three quarters of teenagers feel they lack the financial knowledge to handle financial problems properly.

The report also states that 86% of teenagers want to start investing, but 45% don't because they don't know how.

It turns out, most teenagers spend most of their money on food, clothes, accessories and cosmetics.

Therefore, there are several things that need to be considered/done in order to prevent things like the above. These include:

- Avoid Unnecessary expenditures

- Understand your issues

- Align with your personal values

- Look for alternatives

By learning smart financial practices and how to differentiate between needs and wants, you can begin to build a healthy relationship with money.