Page 39 - Secondary School BEATS

A Peek into the Ever-changing

World of Finance

For the CAS session, DP 1 CAS students were introduced to Mr. Sarthak, a financial literacy educator. We be-
gan our jounery together to financial independence by exploring two important activities. The first activity was
a way for us to budget our income, and the importance of differentiating between our needs and wants. Mr.
Sarthak explained to us how 50% of our income should go towards our needs, 30% to our wants, and 20% to
our financial future. Our second activity was to figure out 5 things/ experiences we would like to buy over the
next one year, and analyse their importance. We were taught that we must look at the happiness factor of each
thing we are considering purchasing, as well as whether each of the items was only for ourselves, or also for our
loved ones. These activities were extremely thought-provoking and interactive, and I am sure both me and the

rest of my peers are very excited for the next sessions to come.

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