FINANCIAL DIARY WORKSHEET

Name: Musanadah
NPM: 20111058
Week: 3 (20 October 2020)

In order to trace your spending and plan for a better financial management, please answer the
following questions:
1. What is the biggest portion you take for your spending? Explain the reason.
2. As a college student, what do you do if you run out of money to be allocated for learning
purposes?
3. Make a plan of your home business that may add up to your spending allocation. (It may be
a business selling a product/service or even a freelance professional offer such as product
reviewer or freelance photographer/videographer)

Answer

1. The biggest expenditure is to buy an internet package for daily activities, because it is very much
needed in studying and homework because the condition of Covid makes all tasks and learning
systems online, in addition to internet packages, usually quite a large expenditure is on purchasing
stationery such as HVS paper, books, and pens and the last one is to buy snacks and drinks at mini
markets

2. When I run out of money, usually my mother or father tells me to buy something and usually
more money will be given to me, besides that I am usually given pocket money every 2 weeks, to
buy important needs and before running out of money as much as possible maybe I'm more trying
to be frugal and trying to meet which needs to come first, I also plan to try to make a business.

3. The business that I will plan at home is to become a reseller or dropship of online goods that can
benefit, besides that, I also open a business offering editing services on one of the websites such as
logos or posters for a shop and company.

Last Month’s Financial Diary (September 2020)

Entry Date/Week Allocation Amount Spent Degree of

Requirement*
4 September/week 1 Mobile phone 62.000 important
balance
9 September/week 2 Stationary 60.000 important
(Books, pens, HVS
paper)
18 September/week Mini Markets 27.000 Less important
3 (Snack and Drink)
20 September/week Mini Markets 39.000 Less important
3 (Facial wash and
body lotion)

Total 188.000
*) Please fill in with important if the spending is for basic needs such as internet package for
learning and running business, and less important if the spending is for pleasure such as
buying skincare or video game.

Reflection on Last Month Spending

Guide: Please make a 300-word reflection regarding your spending last month. It should
include the amount of your spending and describe the biggest spending unit. When you observe
that your spending is bigger than your income, please mention the business plan or freelance
profession you might want to execute. Describe also how you will sell your product/service
offer in an online platform.

If I have the opportunity to set up a business, I plan to open a hijab case business, to become
a reseller / dropship suitable for students because there is not much time to work alone but
there is time to study. Besides that the reason I chose why hijab? Because now there are
many new hijab models that are popular with young women, and the prices are affordable, I
started marketing or selling them through social media such as (Facebook, Instagram,
Shoope, Lazada) because social media is a medium that is quite profitable for selling or
offering goods because it is very busy, I also try to make this business as attractive as
possible so that consumers come to buy, not only that I will also carry out promotions on
various social media to try to attract customer attention, and be friendly or maintain
attitude, and responsiveness to consumers is important so that consumers feel comfortable
and interested in my product. because I am also studying or studying this field of work is
suitable for me not too burdensome, does not take a lot of time and also does not need to
spend a lot of capital.

Besides that I also like to edit images, I plan to open a logo and poster editing service for a
shop, social media, or company that doesn't take too much time to do as long as I'm careful, I
try to offer a service on one of the websites I know One of the YouTubers who offers an
application or website that can make money and I am interested in trying it, because there is
a field that I like, besides that I hope I can not only make money but I can learn to hone my
editing skills and do not need to spend capital, just will and strive.