ae501 money management mini project

DIPLOMA IN QUANTITY SURVEYING

1

AE501: Communicative English 3

Mini Project


SULTAN ABDUL HALIM MU’ADZAM SHAH POLYTECHNIC(DEPARTMENT OF CIVIL ENGINEERING)


2

DUB4A03DUB13F2009 NORFARZANA BINTI ZULKIFLY03DUB13F2030 SITI MUNIRAH BINTI AZIZAN03DUB13F2040 NURUL FITRAH BINTI ABD RASID

GROUP MEMBERS


3

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.


4

A Study On Money Management Skill Among QS and Marketing Student

TOPIC:


5

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.


6Money 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 Sultan Abdul Halim Mu’adzam Shah Polytechnic

BACKGROUND


7

OBJECTIVE

To identify the negative effects of not managing money wisely among students in Sultan Abdul Halim Mu'adzam Shah Polytechnic

To suggest ways to overcome the problem.


8What are the sources of monthly income?

In what category does most of their money goes to?

How to overcome the problem?R̀ESEARCH QUESTIONNAIRE


9

METHODOLOGY

:Questionnaire

Male & Female Student of Sultan Abdul Halim Mu’adzam Shah Polytechnic

instrument:percentage (%)

Charts (Pie Chart & Bar Charts)

data analysis

50 RESPONDENT:• 25 QS Student• 25 Marketing Student


10

QUESTIONNAIRE


11

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

Male Female0

5

10

15

20

25

30Gender

1 GENDER


12

25 respondents from QS course while the other 25 is from Marketing course. Most of the repondents are female.

2 COURSE

Quantity surveyors Marketing0

5

10

15

20

25

30Course


13

More than half of the respondents apply for PTPTN loan.

Yes No0

5

10

15

20

25

30

35

Application for PTPTN loan

3 DO YOU APPLY PTPTN LOAN?


14

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

5

10

15

20

25

30

Money spent in a week

4 HOW MUCH DO YOU SPEND IN A WEEK?


15

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

5

10

15

20

25

Income Source

5 WHERE DOES YOUR INCOME MOSTLY COME FROM?


16

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

22

23

24

25

26

27

28

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.


17

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

5

10

15

20

25

30

35

40

45

50

Money spent on different catogories

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


18

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?


19

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.

<RM10022%

RM75-1004%

RM50-758%

>RM5028%

None38%

Saving in a month

9 HOW MUCH DO YOU SAVE MONTHLY?


20

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

22%

42%

15%

22%

Average percentage of money spent on different

categories

TransportationFoodLeisure, etcEducation

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


21

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

0

5

10

15

20

25

Respondants' response on the statement

'The loan is not enough for 1 sem.'

11 THE LOAN IS NOT ENOUGH FOR 1 SEM


22

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


0

2

4

6

8

10

12

14

16

18

20

Respondents' response on the statement

'Walking to campus can save more money.'

12 WALKING TO CAMPUS CAN SAVE MORE MONEY


23

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


0

5

10

15

20

25

30


'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


24

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


0

2

4

6

8

10

12

14

16

18

20


‘Carpool is the best solution for students.’

14 CARPOOL IS THE BEST SOLUTION FOR STUDENTS


25

recommendation


26

Income ≥ Expenses

Create a spending plan

Have a emergency fund for unexpected expenses

Setting financial goals

Ex : Food = Needs Blackwood Coffee = Want

Categorizing their expenses


27

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 ” !

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


28

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.

ae501 money management mini project

Presentations & Public Speaking