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EEB 30603 (IB 40)


Nur Atiqah Huda Bt Abdullah 62212215636


1. Think about some of the financial or economic decision you have made in your
life. In 500 words that thing youre considered when you were making your
For me I always divided the money that I have received from MARA and put it into
investment in ASB banking, Maybank and Bank Islam. ASB is only for future or uses
only in the long term while Maybank and Bank Islam can be used only for short term
emergency. My common use of Bank is CIMB for daily uses to provide me food and
drinks and other utilities that are needed. Every time I buy something I look into the
decision such as the promotional price, quality of the product, can the product last a
long time, do I need it now or later, is it important and depend on the product does it
provide any emotional value such as gift etc. and finally can I afford it?.

For example recently I make purchases on cloth in Brand Outlet, I always buy my
long sleeve t-shirt there because of the quality and the quantity of the purchases
because of the sale where two long sleeve t-shirt is only RM50. I always buy on the
male section due to the design and quality is better than the woman section even
though the sale on woman section which are three long sleeves t-shirt is RM50. I
needed to buy a new long sleeve t-shirt because my old one is wears off and damaged.
Other than that, to celebrate mothers day I bought my mother a gift from sale at
Sephora with full package of bath soap, body wash and sponge only for RM75 and I
made my own gift card and sponge cake for my mother. I think its a good package
because of the quality of the product and it is useful which is important and I think it
is a good buy.

The word "money cannot buy happiness" is probably quite true. However, it is also
true that the lack of money leads to problems in life because it can be disappointing
and unpleasant to be unable to get a desire vacation or a situation where I cant pay
the important bills. "Money cannot buy happiness" But let's face it, it will help to
manage a normal life and avoid the term of the urban poor. With the recent
economic situation in Malaysia it is important for the people or even for me to be able
to manage the personal financial well and think more about the future.

Money can help us, but it also has a reputation that causes problems on for anyone,
such as going deep into debt, causing stress, tension and anxiety, when being
pressured like that can lead to crime. To avoid money problems, I tried to control
money where it comes and go plus see how it affects life. To control is with
preparation and planning, my planning is considered to be good enough for now,
when I entered the working world my financial planning will change according to the
amount of my wages.

In addition, with good financial planning this will improve the effect of acquiring,
using, and protecting my finances and I will be able to avoid excessive debt,
bankruptcy, financial crisis, and economic safety. Furthermore, the sense of freedom
from the financial worries can be gained from a good financial planning. This will
allow me to achieve my goal and dream which is to provide for my family, travel
around the world and exploring new things.

2. Using the latest human development index data from UNESCO please discuss 3

The Fundamental Dimensions of Human Development is composite indicator that

measures the averages of good standard for living, long-term healthy life and
knowledge. HDI has a human development score ranging from zero (low) to one

The first indicator on HDI is on its regional trends of the decreasing mortality rate for
the country Europe, Central Asia, East Asia & the pacific, Latin America, The
Caribbean, South Asia and Sub-Saharan Africa (figure 1.1). Base on the figure it tells
that the level of human development is increasing worldwide. Between the year 1990
and 2015, HDI values for all developed regions have risen sharply, but progress since
2010 has slowed down. This reflects not only income but also important advances in
health and education. Between 1990 and 2015, the total HDI value of the poorest or
less develop countries increased by 46%, while the HDI total of low toward the
developing countries is seen to be at 40%. This proven that in the context of wealth,
education, and health the less develop countries are gradually improving.

The second indicator is toward the United State HDI value among the ethnic group as
figure 2.5 and some of the ethnic are, Asian Americans, Whites, Latinos, African
Americans, and Native Americans (figure 2.5). Discrimination between ethnic
minorities is also evident in countries where human development is classified as very
high. US legislation produces HDI values broken down by ethnic groups in the United
States. The country's average HDI value from the scale of 0 to 10 is 5.03. HDI values
toward other ethnicity such as for Latino is at 4.05, African American is seen at 3.81
and Aboriginal which is at 3.55 and they are below average, although the exceed HDI
values is more to the white at 5.43 and the Asian Americans at 7.21.

Based on the study it also found that the average life expectancy of African Americans
is shorter than that of other ethnic and racial groups in the United States. African
Americans track the education and wages also shorter than white or Asian Americans.
White people have an average of 27% toward wages. In some large cities, the gap is
even greater. The reason is complex, but tied to a long history of legal and social
discrimination. The policy to improve educational outcomes can expand opportunities
for African Americans and other ethnic or racial minorities. The United State is trying
to improve the human development index among the ethnicity.
Lastly the third indicator is on the variation in HDI according to population groups in
Nepal. In many developing countries and developed countries, the status of minority
is linked to the degradation of the ability and opportunity. More than 250 million
people around the world are discriminated against according to their rank or
inheritance. Nepal shows a disadvantageous pattern of ethnic minority. The Nepalese
National Human Development Report of 2014 has had a number of changes in the
HDI value of the entire population, but the trend is towards more inequality. The HDI
value of the Newar people is the highest at 0.565, Brahman-Chhetris is a close second
at 0.538, Janajatis at 0.482, Dalits is at 0.434 and Muslim at 0.422 and others are
listed in the figures. The variation of the HDI values varies greatly from location to
location within these groups. The highest inequality is in education, and this may later
prove the long-term impact of life.