PERSONAL MONEY MANAGEMENT 3

A mid-Lesson Reflection pages 196

As a student, here are some good things you can do to demonstrate your understanding of financial literacy:

1. Create and stick to a budget: Track your income and expenses, prioritize spending, and save for future goals.

2. Take advantage of financial education resources: Attend workshops, seminars, or online courses on personal finance topics.

3. Open a bank account: Learn about different types of accounts, interest rates, and banking fees.

4. Start saving and investing: Begin saving money regularly, and consider investing in low-risk options like index funds or mutual funds.

5. Understand credit: Learn about credit scores, how to build credit responsibly, and the importance of managing debt.

6. Practice comparison shopping: Research prices and features before making purchases to get the best value for your money.

7. Avoid impulse spending: Think critically before making purchases and consider whether they align with your financial goals.

8. Plan for the future: Set short-term and long-term financial goals, such as saving for emergencies, college, or retirement.

By taking these steps, you can demonstrate your understanding of financial literacy and build a solid foundation for your future financial well-being.

Activity 8

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

I think future investment is the best plan for me in 5 years ahead. It would contribite to long-term financial stability.

2. Which thing is the most expensive?

I think the prices for painting is the most expensive cause the painting is not my priority.

Activity 8

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

I think Borobudur Temple is the most popular among forein tourists.

4. What was the most important invention in history?

I think the old-styled electric lamp is the most important cause had a significant impact on daily life.

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

Direst communication is the most difficul activity for me to do.

Linking Related Texts pages 200

Source of information: Federal Trade Commission (FTC)

Title of the video/news/post: "Teaching Teens Financial Literacy"

Your understanding: The Federal Trade Commission provides resources and guidance on teaching financial literacy to teenagers. This includes understanding the basics of budgeting, saving, and managing money responsibly. It emphasizes the importance of starting early to instill good financial habits and provides tools and tips for parents and educators to help teens navigate their finances effectively.