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AE501: Communicative English 3

Mini Project

2SHARARATH BUNJARAT A/P SENG CHUAN 01DSB13F1039DIDI SHAFIRA A/P HANIF

01DSB13F1033LEE CHIEW HSIN

01DSB13F1037PUTERI NUR HAZIQAH BT. MEGAT YUNUS01DSB13F1031NUR DALILAH BT ABD. KARIM01DSB13F1025

GROUP MEMBERS

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introduction

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introduction

THERE ARE VARIOUS KIND OF ‘INDEPENDENCE – STARTER PACK’. MOST OF THE STARTER STARTS FROM HIGHER EDUCATION.

HOWEVER, MANY STUDENTS ARE NOT ADEQUATELY PREPARED TO HANDLE THEIR OWN FINANCES. ONE OF THE LEADING REASONS THAT STUDENTS DROP OUT OF STUDY IS BECAUSE OF FINANCIAL PROBLEMS – OFTEN DUE TO POOR PERSONAL MONEY MANAGEMENT.

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TOPIC:

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A Study On Money Management Skill Among Architecture and Business Student

TOPIC:

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WHY

?We are facing this problem too.Not knowing where their money is going.Not having a plan for their money.Not determining wants vs. needs.

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Money is very important to people from all walks of life as it helps us carry on our daily lives. People today are facing financial problem especially students as they are not working or earning money on their own and their income is mostly depending on their parents, loan or scholarship. This issue is experienced by us and the other students in Ungku Omar Polytechnic.

BACKGROUND

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OBJECTIVE

To identify the negative effects of not managing money wisely among students in Ungku Omar Polytechnic.

To suggest ways to overcome the problem.

10What are the sources of monthly income?

In what category does most of their money goes to?

How to overcome the problem?R̀ESEARCH QUESTIONNAIRE

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METHODOLOGY

:Questionnaire

Male & Female Student of Ungku Omar Polytechnic of Campus B only.

instrument:percentage

Charts (Pie Chart & Bar Charts)

data analysis

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METHODOLOGY

:Questionnaire

Male & Female Student of Ungku Omar Polytechnic of Campus B only.

instrument:percentage (%)

Charts (Pie Chart & Bar Charts)

data analysis

50 RESPONDENT:• 25 Architecture Student• 25 Business Student

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QUESTIONNAIRE

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The chart shows that the category of the respondent which is a total of 50 respondents where it is divided to two.

Male Female0

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10

15

20

25

30Gender

1 GENDER

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25 respondents from architecture course while the other 25 is from business course. Most of the repondents are female.

Architecture Business0

5

10

15

20

25

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Course

2 COURSE

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More than half of the respondents apply for PTPTN loan.

Yes No0

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10

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20

25

30

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Application for PTPTN loan

3 DO YOU APPLY PTPTN LOAN?

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It can be clearly seen that respondents who use RM50 to RM100 in a week recorded more than half of the respondents.

While for respondent that spent less than RM50 has the least number.

<RM50 RM50- RM100 >RM1000

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10

15

20

25

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Money spent in a week

4 HOW MUCH DO YOU SPEND IN A WEEK?

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Almost a half of the respondents rely on PTPTN loan since most of the respondents apply PTPTN loan.

While respondents who choose others has the least number compared to the other three categories.

PTPTN Parents Part Time Job Others0

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20

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Income Source

5 WHERE DOES YOUR INCOME MOSTLY COME FROM?

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It can be seen that the survey recorded that most of the respondents disagree on the statement 'You spent most of your money on your studies'.

Agree Disagree21

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Respondent's agreement on this statement'You spend most of your money on your

studies'

6 YOU SPEND MOST OF YOUR MONEY ON YOUR STUDIES.

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Almost a half of the respondents spent money mostly on food.

While money spent on education recorded only one-fifth of the respondents.

Transportation Food Leisure, etc Education0

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10

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20

25

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45

50

Money spent on different catogories

7 IN YOUR OPINION, WHERE DO YOU SPEND MOST OF YOUR MONEY ON?

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As we can see in the pie chart, respondents who have RM300 to RM400 for their income in a month recorded slightly more than a one-third.

While for respondents who have less than RM100 for their income in a month recorded the least which is 8%.

<RM1008% RM100-

20014%

RM200-30016%

RM300-40036%

>RM400

26%

Income in a month

8 HOW MUCH MONEY DO YOU GET IN A MONTH?

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It can be concluded that 38% of the respondents doesn't have any saving in a month.

While 12% of the respondents save more than RM75.

<RM1

00

RM75-100

RM50-75

>RM50

None

Saving in a month

9 HOW MUCH DO YOU SAVE MONTHLY?

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Less than a half of the respondents spent money on food which recorded 41.80%.

While for transportation and education, there is a slightly difference of 0.18% between both category

Transporta-tion

Food

Leisure, etc

Edu-cation

Average percentage of money spent on

different categories

10 HOW DO YOU DIVIDE THE MORNEY ACCORDING TO THE PERCENTAGE?

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Respondents who respond neutral recorded the highest number which is slightly less than a half.

While only one respondent strongly disagree on the statement 'The loan is not enough for 1 sem'

Strongly Agree

Agree Neutral Disagree Strongly Disagree

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10

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20

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Respondants' response on the statement

'The loan is not enough for 1 sem.'

11 THE LOAN IS NOT ENOUGH FOR 1 SEM

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From a total of 50 respondents, 19 of them agree that walking to campus can save more money.

Where only 1 respondent strongly disagree of this statement.

Strongly Agree

Agree Neutral Disagree Strongly Disagree

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Respondents' response on the statement

'Walking to campus can save more money.'

12 WALKING TO CAMPUS CAN SAVE MORE MONEY

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More than a half of the respondents agree that riding motorcycle as transport is much more cost saving rather than driving a car.

There is only one respondent disagree out of 50 respondents.

Strongly Agree

Agree Neutral Disagree Strongly Disagree

0

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10

15

20

25

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Respondents' response on the statement

'Riding motorcycle as transport is much more cost saving rather than

driving a car'

13 RIDING MOTORCYCLE AS TRANSPORT IS MUCH MORE COST SAVING RATHER THAN DRIVING A CAR

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Most of the respondent strongly agree that carpool is the best solution for students.

But there is 3 respondents who disagree that this is the best solution.

Strongly Agree

Agree Neutral Disagree Strongly Disagree

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Respondents' response on the statement

‘Carpool is the best solution for students.’

14 CARPOOL IS THE BEST SOLUTION FOR STUDENTS

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recommendation

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Income ≥ Expenses

Create a spending plan

Have a emergency fund for unexpected expenses

Setting financial goals

Ex : Food = Needs Starbucks Coffee = Want

Categorizing their expenses

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Ex : If our friends invite us for a movie but we don’t have enough budget we should say NO !

Understanding it’s okay to say “ NO ” !

Pay bills on time

Handle credit card wisely

Purchase their “NEEDS” ! Instead of “WANTS” !

Use the loans wisely

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conclusion

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CONCLUSION

People are often overwhelmed by their finances and have difficulty saving money.

You are not alone.

It may take some changes to your lifestyle and spending habits

The temporary thrill that you get from spending money can't come close to the satisfaction and sense of accomplishment that you'll feel when you look at your bank account and see all the money you've been able to save.