UPM-CALC/SEM2/2021-22/LPE2301/SCL WORKSHEET 11

LPE2301 ACADEMIC INTERACTION AND PRESENTATION

SCL WORKSHEET 11

WEEK 11 (PREPARING CONTENT)

Name :ARDINI MARISYA BINTI MOHD. AGUSALIM

Matric No. :211045
Group :68

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.
Firstly 1, 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.Therefore
2
, you would only purchase things that you need the most and would not spend on
unnecessary things besides 3, you will learn to make good financial decisions as you have to
manage your budget well for living expenses, books, tuition fees and etc. For instance,
4
according to Staffordshire University Financial Services, financial management is an
important skill and knowledge that need to be practised among students for future career.
Consequently,5 with financial literacy, you would be able to have savings at early age. Also,6
you can manage your study loan wisely so you can repay the loan later. In addition,7 with
proper spending, you can monitor your spending and have consistency in savings. Chen said
8
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 second 9 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. Let’s get
started talking about,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 stated12 in her
research that people born between 1980 and 1984 on average, carry, more of credit card debt
 UPM-CALC/SEM2/2021-22/LPE2301/SCL WORKSHEET 11

than their parents did at their age. Moreover,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. The example can be seen,14 in starting a business, paying
off a mortgage, retirement fund and others. According to,15Berger 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.

Submit the completed Exercise 1 PDF format.