Steps to manage our financial:
EXAMPLE: DAILY BUDGET
Arif is given RM 20 by his father each week to spend at his school from Monday to Friday.
School days: 5 days
If Arif wants to spend daily, he must divide his money into 5 days.
\(\frac{\text{RM } 20}{5\text{ days} } = \frac{\text{RM } 4}{\text{ day} }\)
Therefore, Arif can only spend RM 4 each day.
EXAMPLE: SAVINGS TARGET
Farid is given RM 50 by his father at the beginning of each month and each month has 4 weeks. Arif wants to save RM 40 in 4 weeks. Farid will save RM 10 every week. So, the money that Farid can spend at school is only RM 10.
\(\frac{\text{RM } 10}{5\text{ days} } = \frac{\text{RM } 2}{\text{ day} }\)
So, Farid can only spend RM 2 in school every day if he wants to save RM 10 every week.
RM 10 x 4 weeks = RM 40
If Farid manages to save RM 10 every week, he will save RM 40 in 4 weeks.
Treat yourself with rewards for your hard work
