Author : coe accounting

Do you know about Financial Planning or financial planning? Currently, many people are discussing how important financial planning is in everyday life, both for individuals and at the business level. Financial Planning is a process for managing finances in order to achieve certain financial goals. Meanwhile, a Financial Planner is a person or institution that carries out a process to manage their finances either for themselves or to help other people manage their finances. Based on research, it was found that the average human life is 28,000 days or the equivalent of 76 years. From birth to 76 years of age, humans are divided into 4 life phases, including: – Phase 1: 0-20 years old, this first phase is the phase where humans are not yet productive because they are still in the stage of education and spend limited money only on playing and other expenses. – Phase 2: aged 21-40 years, this second phase is the phase where humans begin to be productive where humans have started to work and generate income, but the costs incurred also adjust, such as marriage costs, child costs, family costs and others. – Phase 3: age 41-60 years, this third phase humans are still in the productive phase where they can still generate income with costs that also adjust, such as children’s education costs, costs of buying children a house and others. – Phase 4: over 61 years of age, in this fourth phase humans return to being non-productive humans. This happens because humans are physically starting to get old and are not as strong as before so they cannot be productive and cannot generate maximum income, but the costs incurred In this phase there are even more, such as medical costs which are not cheap and so on.

In today’s life Financial literacy is a person’s ability to understand and manage personal or family finances well. This includes the knowledge and skills needed to make informed financial decisions, such as choosing financial products, managing debt, creating a budget, and saving for the future. Financial literacy is very important because it can help someone understand how to manage money well, avoid frequent financial mistakes, and develop healthy habits in managing finances. In addition, with good financial literacy, one can prepare for a brighter future by developing the right investments and planning for retirement. Elements of financial literacy include understanding and knowledge of personal finance concepts, such as: 1. Budget: The ability to create a personal budget and manage expenses and income wisely 2. Thrift: The ability to save money by making appropriate expenditures and considering alternative options 3. Loans and credit: Understanding of the types of loans and credit and how to manage debt and repay loans 4. Investment: Understanding of investment, risks and returns as well as how to choose the right investment 5. Insurance: Understanding the types of insurance and their benefits to protect yourself and your family from financial risks 6. Financial planning: The ability to plan long-term finances and achieve financial goals 7. Digital literacy: The ability to use financial technology such as online banking, e-wallets and online investments 8. Financial risk management: Understanding of how to manage financial risks related to market changes, inflation and changes in Government policy.

Best Indonesian Teknokrat University PTS ASEAN continues to increase students’ knowledge and abilities with Enrichment Track Programs. Enrichment Track Programs themselves are programs initiated to support students in preparing for good careers in the future. In the Enrichment Track this time in collaboration with Bank Mandiri by providing a workshop on Financial Literacy and Entrepreneurship in the Digital Era which was held in Class Auditorium A, Indonesian Teknokrat University, Saturday, October 14 2023. This activity was opened directly by the Deputy Chancellor 1 for Academic Affairs, Achmad Yudi Wahyudin, M.Pd. and attended by 223 students with speakers including: 1. Mr Andi Kurniawan (Priority Banking Manager) @andreandiak 2. Mrs. Anita Sari (Relationship Manager Priority Banking) 3. Mrs. Almira Devita Putri, MAB. (Lecturer of the Faculty of Economics and Business) 4. Maulidia Osviana (Head of Lampung Mandiri Sekuritas Branch) The workshop discussed how to understand financial literacy and become a successful young entrepreneur. Deputy Chancellor of the Indonesian Teknokrat University Dr. H Mahathir Muhammad, SE., MM. conveyed, this activity is a form of support for students in preparing students to achieve good careers. “Indonesian Teknokrat University continues to be committed to producing superior, competent and competitive graduates. It is hoped that the Enrichment Track Program can become one of the activities to support students in preparing for a good career,” said Dr. Mahathir.

The Best Indonesian Technocratic University PTS ASEAN continues to produce Excellent and Competitive Alumni. Evidently, many alumni of the Indonesian Technocratic University have successful careers in the SOE Banking industry. Let’s get acquainted with one of the alumni, namely Dona Wulandari, S.Ak. Alumni of S1 Accounting, Faculty of Economics and Business (FEB) Indonesian Technocratic University who have a successful career at BUMN PT. Bank Rakyat Indonesia (Persero) Tbk. Unit Blambangan Umpu Kotabumi Branch Office. When contacted by Technocrat Public Relations, Dona shared her experience while studying at the Indonesian Technocrat University. Being an active student in organizations is an experience and provision in achieving success during a career. “I am proud to be part of the alumni of the Indonesian Teknocrat University. A campus that not only teaches hard skills, but character development, and also soft skills. At the Indonesian Teknocrat University I received learning that really supports me in my career where I work. Very strong character education taught at the Indonesian Technocrat University.” Dona said. “Thank you to all the lecturers who have taught me to be more careful and diligent in managing finances so that they can support me in getting a job at Bank BRI.” Dona continued. Deputy Chancellor of the Indonesian Technocrat University Dr. H. Mahathir Muhammad, SE., MM. congratulate Dona Wulandari. “Congratulations to Dona who has a successful career in state-owned BRI Banking.” Said Dr. Mahathir. Currently, said Dr. Mahathir, Technocrat Campus continues to bring the curriculum closer to the needs of the business world. “So that students gain knowledge about the world of offices. Then, they can develop their talents and knowledge later, after graduating,” continued the Deputy Chancellor.