Personal money management 2

 A Mid-Lesson Reflection page 196

Talking about money, of course everyone knows that money is one way of communicating in the trading system. Money is very important to know the value of an item. nowadays cash is replaced with ATMs that make it easier for us to transact. In addition to maintaining finances we must also be diligent in saving and saving for future provision.




Activity 8 page 197-198

1. I think investing for the future will be more useful in the next 5 years.

2. of course the house will be the most expensive item

3. Borobudur Temple is the most visited tourist spot by foreign tourists

4. The most historic invention is the electric light, because if it doesn't exist, maybe now we still use candles as lighting. 

5. The hardest thing for me to do is probably communicating directly, because sometimes I get nervous and stammer in saying things. 





Linking Related Texts page 200

Source of information: https://youtu.be/aRcXutXvfmM?feature=shared

Title of the video/news/post:

Financial Literacy-Needs and Wants | Learn about needs, wants, and opportunity costs

Your understanding:

In managing finances we must be able to distinguish which one is a necessity from which one is a desire. Needs are things that are necessary for survival, while desires are our own ego for survival. both are difficult to choose, but as humans we should be able to prioritize needs. Because needs are the basic things that we really need. In addition, there are always opportunities that arise in some time, if you choose the needs then you will sometimes lose the desire and vice versa. therefore be a wise human being and be able to manage finances well so that both of these things can be fulfilled properly.




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Personal money management

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