UPM-CALC/SEM2/2019-20/LPE2301/SCL WORKSHEET 6

LPE2301 ACADEMIC INTERACTION AND PRESENTATION

SCL WORKSHEET 6

WEEK 8 (PREPARING CONTENT)

Name : Hoh Jia Da

Matric No. : 200480
Group : 104
Due date : 5 April 2020

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 of all1, 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. For example2, you would only purchase things that you need the most and would not
spend on unnecessary things yet3, 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
to4 Staffordshire University Financial Services, financial management is an important skill
and knowledge that need to be practised among students for future career. In addition,5 with
financial literacy, you would be able to have savings at early age. Thus,6 you can manage
your study loan wisely so you can repay the loan later. Besides that,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 ultimate9 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. For
some reason,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 instance,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 than their

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 UPM-CALC/SEM2/2019-20/LPE2301/SCL WORKSHEET 6

parents did at their age. At the same time,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. For example,14 in starting a business, paying off a
mortgage, retirement fund and others. Meanwhile15Berger 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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