Serdang, 10 March 2023 - Knowledge of personal finance is very important to know so that users like us can spend wisely and prudently. Further to that, on 10 March 2023 the Bursar's Office organized the Read@Bursar Knowledge Narrative program with Mrs. Junaida Adan, Head of the Centralized Operations Management Division (BPOB) which was held in the Read@Bursar room, Bursar's Office at 4.00 pm.

In this program full of knowledge, Mrs. Junaida has chosen a book titled "Financial GPS" which covers important topics that are very beneficial. Among the essence of the book is knowing the components involved in the process of planning and managing finances. These components are such as sources of income, expenses, savings, investments and protection.

Besides that, Mrs. Junaida also explained 10 basics of financial management such as making a financial management formula, making expense records, building savings, diversifying our bank accounts, being smart in differentiating needs and wants, paying off debts, knowing how to refinance or consolidate our debt, keeping our credit score healthy, considering making investments and claiming our income tax relief.

In addition to that, Puan Junaida has explained the factors that cause us to fail to manage our personal finances. Among them are environmental influences, seasonal financial management, only planning once in a lifetime, not understanding financial management techniques, lack of discipline, no presentation of family expenses and unclear goals.

In addition, Mrs. Junaida has also explained the causes of our people going bankrupt and the effects. There are many things that can make us declared bankrupt such as personal loans, housing loans, business loans, credit card use and others. In order to launch our financial management for the future, we must plan our daily cash flow. This will help us monitor our expenses in detail. Next, if our financial management is stable, we can determine the level of our personal finances.

In addition to these topics, Mrs. Junaida also explained that we should plan our finances before retirement. This is very important so that we can enjoy our retirement debt-free.

Hopefully this knowledge program will benefit all readers and members of the Bursar's Office.