Name: Thipashini a/p Ganesan

   ID : 16095

   Course: Foundation in Chemical Engineering                                                                                                                                   

        MONEY. Its involved with everything, which is why we can never have enough of it. This is a belief that I really believe in because it’s actually true. Now, in general, money isn’t necessarily needed to survive but in the world that we live in today it really is. However, the big issue isn’t what costs money its how people spend their money. Most of teenagers especially university students have the behavior of overspending their money as our parents are no longer monitoring us. At these times students tend to forget what is important and go on a massive spending spree. Most of the students are not able to distinguish their needs and wants.So we as student must be determined to overcome our problems by enjoying our weekends under RM 20. In my point of view,the best way to spend money wisely is compile a list of what you need and what you want, compare prices before purchasing and do not go out and spend all your money at shopping malls or pub.

         First and foremost we as students should compile a list of what we need and what we want. Budgeting is a powerful tool most students don’t implement. If we don’t budget, we can never spend our money wisely. We should focus on spending only for our needs or basic needs, then most likely, you can spend within your money. Of course, you know what your basic needs like everyday foods, drinks, books, and others. First of all ask yourself, “ Do I really need this?” If the answer is yes buy it but if the answer is no then do not buy it.

      Next we should compare prices before purchasing. For items that you buy  routinely, we should watch the advertisement and get to know  what good  prices whereas for items that you purchase less frequently do a price comparison. Do call or shop around to a few different stores.We as students can look online too but don’t  forget to figure in the extra costs of shipping and taxes.

        Last but not least we as civilized students must not go out and spend all our money for shopping, movies and pub. We should limit or just quit drinking  altogether as it will save lots of money. We should take part in beneficial activities. Do go for jogging or swimming with friends as this can lead a healthy life style. Besides that, do watch online movies rather than going to cinema as this can save lots of money.

         So spend wisely and discipline ourself will make us save our money. Be responsible and wise when it comes to money spending. In a nutshell, the best way to spend money wisely is compile a list of what you need and what you want, compare prices before purchasing and do not go out and spend all your money at shopping malls or pub. Lastly,buy quality instead of luxury and pay attention to what you do with your money on daily basis.