Balance sheet

Asset Laptop (Asus)

2,500

Smart phone
1000

Printer(Canon)
450

Allowance
700

Total
4,650

Liability

House Rental
150

Transportation
200

Study loan(ptpn)
13,000

Total
13,350
 Students have always been responsible for managing their own finances on a day to day
basis. Student have to be smart to spend their money with efficient and effective way to keep
survive. Most of the student did not have any side income or earn some cash consistently.
Furthermore, most of them are depending on allowance given by their parents or scholarship and
some of them get their extra monthly fund expenses from become a part time worker.

Financial planning is really important to a business and of course to a personal or individual

financial especially to a student in college which they have to manage their own money wisely.
Moreover, financial planning is important to avoid people to spend on something with over
budget or wasting money. With this financial planning, everything they want to spend and
commit into any debt or expenses is already recorded on a planned budget. So, everything they
want to spent must be refer to the budget otherwise they did not have enough fund to spend
because if over budget.

Besides that, financial planning can keep people to look over all the money (fund) to find a
potential to saving a money. If people spend efficient and effective into their financial so the
extra cash after all the expenses can be save for in case such as emergency or other unexpected
expenses to pay and for their own future for sure.