PART A
Throughout participating financial literacy test, I could identify some aspects of my personal financial management skills. If there were level of the financial level from 1 to 10, I think my financial strengths is about 6. Even though I am a student, I have a job and I could experienced the financial management a little bit. I have bot income and outcome of money. I knew about the saving, interests and making a budget plan. However, it never worked well in real life. My financial skills are not yet highly advanced due to not experiencing society by being an adult. I used to save one third of money I earned into my saving account every week. I gained my strength in saving money then. Also, the technique I majorly used were setting goal and having reminders, such as sticky notes around my desk.
In my future, my financial management skills will be greatly needed as I will gain a family of my own and in order to support family life to buy basic needs, house, car, education and more, I will have to develop my skills in financial management. By saving money, I can buy what I necessarily have to buy and don't spend money on 'unnecessary catergories'.
Financial GOALS
This year, 2011
*Saving $500 into my bank account (I know have $300)
*Think of the goals and aims spending the money I save at the end of this year
2 years later, 2013
*Trying save atleast $10/ week into the bank account
*lear more about the bank systems and interest systems before I go uni
5 years later, 2016
*Making insurance and planning for safe funds for my future family
*Wedding budget planning
5 years and beyond
*Planning for a cruise family trip
*Donating money I saved for my entire life to worthwhile places
Financial literacy was very important in a way of checking my abilities in financial management. I thought living as a adult and dealing with financial management is easy however, throughout the test, I found out that it actually was very difficult to understand the questions such as interest rates and more.
I would like to learn more about the financial management before I fully grow up and have a family. I now sort of know how hard my parents must have been in keeping money in and out and also, wisely se money on to many different catergories.
PART B
Throughout today's PLP class time, we've got to presentate our group works to the rest of the class. The group works were set that, creating an information aimed at other teenagers ro improve their financial literacy. We had Lucy, Hannah L, Astrid and myself in a goup together. We decided to make a keynote presentation because we believed that having a brief and precise talk will catch the audience very well and by using visual and tranformation effects on keynote, we thought we could easily draw the attentions from the audience.
I believe that, unless you are not a very good public-speeaker, it is not the best idea to presentate a source of information audiably. Rather than speaking and let the audience catch what you are saying, try using another sources to help your speach or totally exclude idea of speech. For example, visual impact is necessary because it is very powerful and is memorable. Also, two groups did their's on singing on the theme of saving money which were very catchy too because of using rymes and repetitive lyrics. Not beacuse, I had used this technique but, I believe using the keynote is the best in delivering the information to people. This helps increase the visuality and interest in the audience thus, I think this technique pretty useful and also make the speaker less nervous and effort trying to draw attention to your speech alot. The communication between people is very important because, the information can be shred between others and can be discussed together. In the future, both delivering and catching the information will become very important due to the advanced technology and people's knowleges. Thus, we must improve our skills in those areas.
