Personal Money Management Tasks
Activity 1 1. Yes, I'm familiar with those piggy banks. I used them to save my money back when I was only 5. I got the rooster-shaped one from my aunt and I used it to save coins I found around my house. 2. Yes, I still use it to save my money. 3. I think it's convenient; you don't have to go to the bank to save your money, and there are no administration fees like those in banks. 4. I think saving money in a bank is more effective. While piggy banks are convenient, it can be risky to save money in them because it's easier for us to access our savings and spend it on things we don't really need. And also, banks have high-security systems. Activity 2 1. Discipline, planning, and prioritization 2. There are 6 easy steps to plan your budget: Know your income, determine your basic expenses, determine your flexible expenses, determine whats really important, follow your spending, and keep track. 3. Step 1 is to know your income. Knowing how much you can spend each mo...
