UPM-CALC/SEM1/2021-22/LPE2301/SCL WORKSHEET 8

LPE2301 ACADEMIC INTERACTION AND PRESENTATION

SCL WORKSHEET 8

WEEK 11 (PREPARING CONTENT)

Name : NUR SOFEA BINTI OTHMAN

Matric No. : 206055
Group : 22

Exercise 1

This is a part of a presentation script entitled The Benefits of Financial Literacy among
Students. Fill in the blanks with the correct transition signals to show transition of main
ideas, supporting ideas and details.

There are two major benefits of financial literacy among students that I’m going to talk about
today which are helping students to manage expenditure and achieving their financial goals.
First and foremost1, the benefit of financial literacy among students is it can help to manage
expenditure. As students, financial literacy enables you to distinguish between wants and
needs. Therefore2, you would only purchase things that you need the most and would not
spend on unnecessary things so that3, you will learn to make good financial decisions as you
have to manage your budget well for living expenses, books, tuition fees and etc. According
to the4 Staffordshire University Financial Services, financial management is an important skill
and knowledge that need to be practised among students for future career. Firstly,5 with
financial literacy, you would be able to have savings at early age. Secondly,6 you can
manage your study loan wisely so you can repay the loan later. Lastly,7 with proper
spending, you can monitor your spending and have consistency in savings. Chen indicates8
that when finance topics are included in university courses, it will positively impact the
decisions, saving and spending habits in adulthood.

Achieving financial goals is the most9 benefit why financial literacy is important for you. I’ve
divided this point into two parts which are short-term goals and long-term goals. So,10 it is
necessary for you to set your short-term and long-term goals. Short-term goals are your
more immediate expenses. Although timelines vary, these are the things you will spend
money on generally within a few months or years. For example,11 personal goods, travelling,
emergency fund, credit card debts and etc. Roger made it clear12 in her research that people
born between 1980 and 1984 on average, carry, more of credit card debt than their parents

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 UPM-CALC/SEM1/2021-22/LPE2301/SCL WORKSHEET 8

did at their age. So,13 managing long-term goals is also essential. Long-term goals usually
take more than five years to achieve. These goals typically involve more money and regular
attention than short-term goals. These goals require you to develop good saving and
investing habits. Begin14 in starting a business, paying off a mortgage, retirement fund and
others. As15Berger in his article “How much do you really need to retire?” that students who
learn to navigate the world of debt and credit will tend to have more money for savings,
which can help pay for large expenses without relying on credit, and they can set aside
money for retirement accounts.

Submission:
Submit the completed Exercise 1 PDF format.

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