Personal Money Management (activity 1-3)
ACTIVITY 1 1. Yes I am familiar with those type of piggy bank. 2. No I don't use them anymore but I used to save my money there when I was a kid. 3. Because It can only save paper money, and doesn't protect my money from inflation. 4. Saving money in a bank is generally more effective than in a piggy bank. Banks offer security, interest rates, and various account options tailored to your needs, while piggy banks lack these benefits and expose your savings to risks like theft or loss. ACTIVITY 2 1. Personal finances: Managing your income and expenses. Business operations: Allocating resources and controlling costs. Project planning: Estimating and tracking expenses to ensure projects stay within budget. 2. There are 6 easy step to plan your budget. 3. Know your income, you need to know how much money you bring home after taxes, or your net income 4. Keep track. Keeping track on what you bought with the money, you can use pen and paper or you can use an...