https://padlet.com/2000494a1/f52hewc1hw0payxw en-us 2020-07-27 07:12:07 UTC 2026-01-02 01:31:52 UTC hello@padlet.com 2000763i1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128001 the padlet board was empty so im saying hi ]]> 2020-07-27 07:17:55 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128001 2000763i1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128850 one thing i can takeaway is the rule 72. that 72 divided by the interest percentage shows u the duration it takes to get twice ur principal amount.]]> 2020-07-27 07:19:48 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128850 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128905 One takeaway is applying the SMART acronym when planning a financial goal. It will remind me to be specific and realistic with my plan in a set time frame.

I also learnt how risky it can be to have a credit card, especially when one is unsure how the interests are like.]]> 2020-07-27 07:19:57 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128905 2004534j1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128972 I should make a savings account so I am able to put away 10% of my work pay into it so it will grow.]]> 2020-07-27 07:20:05 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663128972 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129015 Our financial goal should be specific, measurable, attainable, realistic and time-bound to help us to save money more efficiently with a clearer goal in mind

]]> 2020-07-27 07:20:10 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129015 uhanisah03 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129020 I learnt that budgeting is crucial for me to ensure I don't overspend. also, I learnt to have an emergency fund and its uses. I also learnt how to cut down on certain things if I'm running low on money.]]> 2020-07-27 07:20:11 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129020 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129099 one thing i can takeaway is that we have to be wise with our spendings and that setting aside a portion of our savings is extremely important. my parents have made it a strong point in my household to practice setting aside 10% of our earnings for ourselves as it will be beneficial for us in the long run. it is also crucial to set up a realistic budget and follow it in a disciplined manner, to spend on essential things and try to cut out our wants.]]> 2020-07-27 07:20:20 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129099 2000494a1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129196 I learnt to budget better and paying myself first. I realised that just telling myself i want to save more is not a specific enough as a goal and i should make my goals more specific and time bound.
I also learnt that reading and being more aware of my spendings can also help me save better instead of spending blindly.]]> 2020-07-27 07:20:31 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129196 2003292f https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129304 one thing I can take away is to prioritise savings. it has taught me the importance of saving money and it could benefit us when we need them one day. (INCOME - SAVINGS = EXPENSES)]]> 2020-07-27 07:20:45 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129304 2000795a1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129310 one thing i can take away is to set aside some money for my savings first to ensure that i would not overspend. i've always been taught to at least leave a certain amount in my bank account and not to spend over that amount in case i need it for an emergency.]]> 2020-07-27 07:20:46 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129310 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129367 i learnt that saving early could really help build the habit of setting aside money. I have more financial literacy by using the 50 30 20 method. ]]> 2020-07-27 07:20:53 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129367 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129372 For me, I found budgeting a very valuable lesson as it taught me how to strategically allocate my money for all aspects of my lifestyle (transport, food, entertainment, etc.). Apart from that, I found the lesson about how credit cards and debit cards work very helpful as being  a greenhorn credit card user, I am unsure as to how to use a credit card wisely and responsibly. The lesson gave me helpful tips. Finally the lesson on compound interest further helped me to understand the concept better from where I learnt it in Secondary school, as well as how it is applied in daily life. ]]> 2020-07-27 07:20:53 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663129372 2001078a1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663130508 i learnt more about budgeting and how important it is to plan before i spend. also, entertainment spending can be greatly reduced.]]> 2020-07-27 07:23:07 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663130508 2004869j https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663130728 the main takeaway i had was, setting aside a certain amount for savings is a good step for financial planning. It is important for us to save as we would never know when we may need the money for in the future. ]]> 2020-07-27 07:23:34 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663130728 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663132217 I learnt about how to manage my spendings and savings as well as how all the loans and interests work. I think that this greatly benefits me and will allow me to better manage my finances.]]> 2020-07-27 07:27:01 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663132217 2003595b https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663132420 i learnt about the pay-yourself first method, and to have a habit to save before spending when my income is here, in case of any emergency. we should be more cautious on spending on entertainment and non-essentials likes clothes and accessories etc.

]]> 2020-07-27 07:27:31 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663132420 2000641g1 https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663135547 My main takeaway is that we should always set aside the money we want to save first so that we have a clearer plan to save up. If we only save what is left at the end of the month/plan, our savings would probably be much lower. If we have events or things we are saving for, planning the amount we save each month helps have a clearer plan for us to get closer to this goal.]]> 2020-07-27 07:34:21 UTC https://padlet.com/2000494a1/f52hewc1hw0payxw/wish/663135547