General Mathematics

PERFORMANCE TASK
Second Quarter
AY 2021-2022
“Financial Planning”  

GENERAL GUIDELINES:
1. You are a financial advisor.
2. Your goal is to create a financial plan in preparation for your client’s retirement.
3. You will create a financial plan for retirement age of 60 years old.
4. Each financial plan, at a minimum, should include the following details:
a. Monthly expenses
b. Monthly savings for retirement
c. Financial Milestones (house, car, etc.)
d. Others (Emergency Fund, Travel Fund, etc.)
e. Prediction of possible retirement fund amount upon retirement age
f. Pros and Cons of each financial plan option
5. Monthly savings for retirement must be put into an account or investment where it will earn interest.
6. You must research for the actual interest rate of the investment or account where you will be putting
your client’s monthly savings for retirement (cite your sources).
7. The personal details of your client are given below.
8. Your financial plan must include all necessary computations and solution.
9. You may use PowerPoint, Canva, or any other similar application for your final output.
 Financial Plan Proposal
Sample Template

Name: Juan Dela Cruz

Current Age: 25 years old
Retirement Age: 55 years old
Profession: Private School Teacher
Monthly Salary: Php 22,000

Monthly Salary Budget

A. Expenses (45%) Php 9,900
B. Savings Php 8,000
o Retirement Php 3,500
o Travel Php 1,500
o Own Car (@age 40) Php 3,000 These are optional, can be
modified or changed according
C. Emergency Fund Php 1,100 to the client profile.
D. Insurance Php 3,000

Dream car @ age 40: Honda City

Estimated Price : Php 888,000
Source: _________

Computations/Solution:

At age 40, you will have Php ______ to buy a new Honda City.

Travel Fund:
Yearly travel budget: Php _______

Computations/Solution:

Every year, you will have Php ______ for travel.

Savings @ age 55 for Retirement:

Savings account: _______
Rate of interest: ________
Source: ______

Computations/Solution:

At age 55, You will have a total savings of Php __________. This will be enough to last you until age 100
because … (give justification based on computations)

Pros and Cons of this option:

What are the advantages and disadvantages of this proposed financial plan?
 GRADING RUBRIC
Indicators
Criteria 4 3 2 1

All necessary Most of the Some of the Few of necessary

information of the necessary necessary information in the
Completeness and solution with information in the information in the financial plan are
(25%) citations are in financial plan are financial plan are in the output.
the output. in the output. in the output.

All solution, 1-3 parts of the 4-5 parts of the More than 5 parts
Accuracy of computations predictions, and solution and or solution and or of the solution
and predictions other information predictions are predictions are and or predictions
(30%) on the financial incorrect incorrect are incorrect
plans are correct.
All the financial 2 of the financial Only 1 of the The financial plan
plan options plan proposal is financial plan proposal is
proposal is well- well-written, can proposal is well- somehow well-
written, can be be easily written, can be written, lacks
Authenticity of financial
easily understood understood by the easily understood details and the
plan
by the client and client and the by the client and sources for the
(20%)
the sources for sources for the the a few of the information are
the information information are sources for the NOT cited.
are cited. cited. information are
NOT cited.
All financial plan At most 2 At most 1 The financial plan
options has well- financial plan financial plan options was not
Justification/ Pros and written options has well- options has well- justified
Cons of each financial plan justification and written written justification and
option contains a justification and justification and does not contain a
(25%) persuading pros contains a contains a pros and cons list.
and cons list. persuading pros persuading pros
and cons list. and cons list.
60 points