FUN-nancial Guide: Module 2

He continues to plan and track his daily spending in school by saving up RM10 per week. After saving continuously for 10 weeks, he has finally saved up RM100!

With the addition of RM100 in savings from his allowance, he has a total of RM200 to buy the football and football shoes.

Dollah happily buys his favourite football and football shoes using his RM200 savings. He feels satisfied for buying the items that he had always wanted.

But he is also guilty that Manikam & Kok Hoe are unhappy at him for not being able to spend time together at the cinema and Sushi restaurant.

Question 1:

Do you agree with Dollah’s approach?

SUBMIT

Question 1:

Please tell us why.

SUBMIT

Question 2(a):

How do you think Dollah can explain to Manikam and Kok Hoe the reason behind this decision?

SUBMIT

Question 2(b):

Do you think the explanation would matter?

SUBMIT

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From the beginning, Dollah knew what he wanted to do with his RM100 allowance, which is to buy a football and football shoes that cost a total of RM200.

This act of planning what you want to do with your money is known as Goal Setting. Goal setting is extremely important as it helps you to be clear of what you want to achieve.

Dollah consistently chooses to set aside RM10 per week. This act of putting aside some money for a goal is known as Saving. Saving requires discipline because you have to do it consistently.

Dollah also plans his weekly spending in school by calculating how much he can save and spend per week. This is known as Budgeting. Therefore, goal setting, saving, and budgeting come hand in hand in our daily lives.

Now that we have discussed about Dollah’s goal, how about you? Do you have any saving goals that you’re working on? We'll show you how in the Activity section!

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Activity

Now that you have learnt about goal setting, budgeting, and saving, let’s apply these concepts!

Suitable for
ages 8-10

level 1
Savings Bottle

Suitable for
ages 11-13

level 2
Money Master

Suitable for
ages 14 & up

level 3
Budget War

Savings Bottle

In this activity, you’ll learn how to save and budget. Let’s start with saving. In order to do that, you have to prepare an empty bottle as shown below.

LET’S DO IT!

Step 1:
Choose Your Frame

Select a frame for your
savings goal label.

Step 2:
Write Your
Savings Goal

Write down your savings goal
and the amount you need
to save.

I want to save for
Total amount I need to save (RM)

Submit

Step 3:
Download & Print

Print and paste your savings
goal label on your savings
bottle.

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Step 4:
Start Saving

After you have pasted your savings goal on the bottle, put your money regularly into the bottle. One method you can start saving would be to save half of your weekly school allowance in your savings bottle.

For example: If your weekly school allowance is RM10, you save RM5 in your saving bottle. You can now spend the other half RM5 throughout the week.

Great job on setting up your savings bottle!

Good luck in your money
saving journey!

Bonus Lesson

Did you know that keeping your saved money in a bottle is not exactly safe? What if your savings bottle got stolen?!

Bonus Lesson

Luckily, banks nowadays offer to help people set up a savings account, where your saved money can be stored securely. You, as the owner, will be the only one that has access to the account, other people will not have access to it.

Bonus Lesson

Be sure to get your parents to help you open a suitable savings account!

Learn more about savings account

Definition of savings account: link
Variations of savings account: link

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Money Master

In this activity, you’ll create a savings and budget tracker that will help you to keep track of your savings.

First, you have to prepare an empty bottle as shown below.

LET’S DO IT!

Step 1:
Choose Your Frame

Select a frame for your
savings goal label.

Step 2:
Write Your
Savings Goal

Write down your savings goal
and the amount you need
to save.

I want to save for
Total amount I need to save (RM)

Submit

Step 3:
Download & Print

Print and paste your savings
goal label on your savings
bottle.

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download

My savings per week (RM)

Submit

Overview

I want to save for

Total amount I need to save

My savings per week

How many weeks are needed

My Savings Bottle

Use this diagram to keep track of your progress!

Total Savings
RM50

75% of Total Savings
RM50

50% of Total Savings
RM50

25% of Total Savings
RM50

A jigsaw puzzle

RM50

RM5

10 weeks

Total Savings
RM50

75% of Total Savings
RM50

50% of Total Savings
RM50

25% of Total Savings
RM50

Step 5:
Colour Milestones

Colour the row of the milestone once your savings has achieved each milestone.

Total Savings
RM50

75% of Total Savings
RM50

50% of Total Savings
RM50

25% of Total Savings
RM50

Step 6:
Download & Print
Savings Tracker

Print and use your savings tracker to keep track of your savings.

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Budget Tracker

Now that you’re done setting up your savings tracker, let’s learn how to budget so that you can save more and achieve your goal faster!

LET’S DO IT!

Step 1:
Write Your Weekly
Allowance

My allowance per week (RM)

Submit

Step 2:
Write Your Weekly
Savings

My savings per week (RM)

Submit

Overview

My allowance per week

My savings per week

How much can I spend per week

How much can I spend per day

Step 3:
Fill In Expenses

Think about your daily expenses and write them down below.

Food

Amount I can spend per day

Stationeries

Amount I can spend per day

Snacks

Amount I can spend per day

RM 1.20/1.28

Total amount I can spend per day

RM10

RM1

RM9

RM1.29

RM0.50

RM0.28

RM1.28

submit

Fill in the category

submit

Step 4:
Download & Print
Budget Tracker

Print and use your budget tracker to keep track of your spending.

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Superb job!

Good luck in your saving and budgeting journey! Be sure to get your parents’ help when you need it.

Bonus Lesson

Have you thought about what to do if your parents forgot to give you school allowance for a week?!

Bonus Lesson

This is where you need to have an emergency fund.

Aside from saving consistently for your goal, you should also save a portion of your weekly school allowance in the emergency fund.

Bonus Lesson

As the name implies, you would only want to use the money from emergency fund in emergency situations, for example: no school allowance for a week.

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Budget War!

Let’s try something more exciting! We will start with creating a weekly household grocery budget.

LET’S DO IT!

Step 1:
Choose Your Items

Firstly, select the items that you would like to include in your weekly grocery budget.

Do discuss with your parent or guardian.

0 / 5

submit

Child’s Turn

Child starts first. Parent or guardian will go next.

Step 2:
Estimate The Cost

Key in how much do you think each item costs.

Your total budget: RM0

Parent’s/Guardian’s Turn

Great job! Now it’s parent’s or guardian’s turn to complete this activity.

Step 2:
Estimate The Cost

Key in how much do you think each item costs.

Your total budget: RM0

Parent’s/Guardian’s

Here are your grocery budgets

Child’s

Step 3:
Compare Budgets

Compare your grocery budget with your parents’ household grocery budget. What are the similarities and differences? Discuss with your parent.

Child's Budget listRM10

Parent's/Guardian's
Budget listRM1000

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Congratulations!

You’ve completed all activities!
Give yourself a pat on the back.

Go to Module 1 back to home PRINTABLE VERSION

Child’s Budget list

Guardian’s Budget list

Bonus Activity

Are You A Math Wizard?

It’s time to put what you’ve learnt to the test and score a bonus badge!

LET’S DO IT!

Question 1:

If you spend RM20 on bubble tea every week, how much would you have spent in three months?

(Assuming each month has 4 weeks)

submit

Question 2:

Instead of spending RM20 on bubble tea every week, you now spend RM15 on bubble tea every 2 weeks. How much would you have saved in three months?

(Assuming each month has 4 weeks)

submit

Question 3:

Let’s say now you can save RM10 per week. How long does it take for you to save RM200 to buy a pair of running shoes?

(Assuming each month has 4 weeks)

submit

Good attempt!

You answered
1 out of 3
questions correctly

Click ‘Next’ to review
your answers.

Results overview

Question 1:

If you spend RM20 on bubble tea every week, how much would you have spent in three months?

(Assuming each month has 4 weeks)

Question 2:

Instead of spending RM20 on bubble tea every week, you now spend RM15 on bubble tea every 2 weeks. How much would you have saved in three months?

(Assuming each month has 4 weeks)

Question 3:

Let’s say now you can save RM10 per week. How long does it take for you to save RM200 to buy a pair of running shoes?

(Assuming each month has 4 weeks)

Brain Cruncher

You desire to buy a pair of RM200 running shoes. Given that you are already spending RM20 per week on bubble tea, would you consider:

Reducing your bubble tea spending to RM10 per week to save RM10 per week?
Don't drink bubble tea at all to save RM20 per week?
Spend only RM10 on bubble tea every two weeks, and save RM30 every two weeks?
Please explain your thinking process.

submit

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It’s the holidays!

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Question 1:

Question 1:

Question 2(a):

Question 2(b):

Question 1:

Question 1:

Question 2(a):

Question 2(b):

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Activity

Savings Bottle

Step 1: Choose Your Frame

Step 2: Write Your Savings Goal

Step 3: Download & Print

Step 4: Start Saving

Great job on setting up your savings bottle!

Bonus Lesson

Bonus Lesson

Bonus Lesson

Achievement Unlocked

Money Master

Step 1: Choose Your Frame

Step 2: Write Your Savings Goal

Step 3: Download & Print

Step 4: Write Your Weekly Savings

Overview

My Savings Bottle

Step 5: Colour Milestones

Step 6: Download & Print Savings Tracker

Budget Tracker

Step 1: Write Your Weekly Allowance

Step 2: Write Your Weekly Savings

Overview

Step 3: Fill In Expenses

Step 4: Download & Print Budget Tracker

Superb job!

Bonus Lesson

Bonus Lesson

Bonus Lesson

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Budget War!

Step 1: Choose Your Items

Child’s Turn

Step 2: Estimate The Cost

Parent’s/Guardian’s Turn

Step 2: Estimate The Cost

Step 3: Compare Budgets

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Congratulations!

Child’s Budget list

Guardian’s Budget list

Bonus Activity

Good attempt!

Results overview

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Choose the language you preferred:

You are now leaving funnancials.my

Achievement
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Achievement
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Achievement
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Step 1:
Choose Your Frame

Step 2:
Write Your
Savings Goal

Step 3:
Download & Print

Step 4:
Start Saving

Achievement
Unlocked

Step 1:
Choose Your Frame

Step 2:
Write Your
Savings Goal

Step 3:
Download & Print

Step 4:
Write Your Weekly
Savings

Step 5:
Colour Milestones

Step 6:
Download & Print
Savings Tracker

Step 1:
Write Your Weekly
Allowance

Step 2:
Write Your Weekly
Savings

Step 3:
Fill In Expenses

Step 4:
Download & Print
Budget Tracker

Achievement
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Step 1:
Choose Your Items

Step 2:
Estimate The Cost

Step 2:
Estimate The Cost

Step 3:
Compare Budgets

Achievement
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Achievement
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