Name: Ronna Mae A.

Dungog Subject & Sched: FM1 3126 MWF 7:00-8:00PM

Course & Year: BSBA-FM1 Date: September 2, 2020

EDUCATIONAL GOALS FINANCIAL GOALS

1. Pay off my two uncredited I will establish a personal budget of

subjects with the amount of P500.00 every week and spend less
P3,400.00 on December 7, than P500.00 every week.
2020, a week before our final
exam.

2. Since I’m a READS scholar, I After three years I will graduate in

don’t have to pay my tuition but I
have to pay for my books and
other related fees like enrollment
fee so I will save P3,500.00
before the next semester starts.
college with the Bachelors degree in
business administration major in
financial management and find a job
suit to my degree. After three years
of working I will start depositing to
my bank account the 60% of my net
worth allocated for my family’s
dream house.

3. I will save P500.00 every month
for future use like for emergency
fund and my necessities in
school.
After building our own dream house
I will save my 60% income and start
a café business with my 4 best
friends after 2 years of saving. So
basically we will establish a
business partnership through a café
business.

Personal Financial Plan

After three years I will graduate in college with the Bachelors degree in business
administration major in financial management and find a job suit to my degree. After
three years of working I will start depositing to my bank account the 60% of my net
worth allocated for my family’s dream house.
 Estimated Assets After three years Estimated Amount
Cash in bank 250,000
Cash on hand 150,000
Investments 100,000
Total 500,000
Estimated Liabilities Estimated Amount
Loans 120,000
Debts 80,000

Total 200,000

Estimated Net worth after three years=Assets- Liabilities

Estimated Net worth after three years=500,000-200,000=300,000
The 60% of my net worth which is 180,000 will be deposited in the bank and the 30% of
my net worth which is 90,000 will be allocated to my needs such as my monthly
groceries, water, etc. And the 10% of my net worth which is 30,000 will be allocated to
my wants such as my OOTD, favorite things, etc. Basically my personal financial plan is
following the 60-30-10 rule. This is just an estimation and this will serve as my guide for
my goal---my future goal to be exact.
And the depositing process will be continuous, the 60-30-10 rule will still be apply for my
monthly income till I get the right amount to start to build our dream house.