Saving Money (Financial Sustainability)

What does it mean by being financially sustainable?

• Accumulating excessive debt to fund operations
• Spending all available funds immediately
• Relying solely on external support for financial stability
• Managing finances to ensure long-term use without relying on external support or accumulating excessive debt.

Nathan works part time and he gets RM60 every week. He saves 10% of his wage weekly. How much money has he saved at the end of the month?

• RM30
• RM18
• RM40
• RM24

Lee wants to save 10% of his daily pocket money. From Monday to Friday, his father gave him RM5.

(1) How much money he should save daily?

(2) At the end of the week, how much money he should have?

• Save daily: RM1.00

  End week: RM5.00

• Save daily: RM2.50

  End week: RM12.50

• Save daily: RM3.75

  End week: RM18.75

• Save daily: RM0.50

  End week: RM 2.50

Why is it important to save money?

• There are no benefits to saving money
• Saving money is only for the wealthy
• It leads to overspending and financial instability
• It provides financial security, helps achieve financial goals, and allows for unexpected expenses to be covered without going into debt.

Ali has received duit raya from his family. His father gave him RM15, his auntie gave him RM20 and his uncle also gave him RM20 respectively.

How much money should he save if he wants to save 15% into his savings account?

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What is the danger of 'Buy Now, Pay Later' services on shopping apps?

• Reducing impulse buying
• Overspending and accumulating debt
• Earning more rewards and discounts
• Improving credit score