BATAAN PENINSULA STATE UNIVERSITY

BALANGA CAMPUS
BALANGA CAMPUS
Don Manuel
Don Manuel Banzon
Banzon Ave.,
Ave. Poblacion,
Poblacion (047) 237-
City of
of Balanga,
Balanga Bataan (047) 613-5103 1480
City Bataan
www.bpsu.edu.ph www.bpsu.ed
2100 Philippines
COLLEGE OF BUSINESS AND ACCOUNTANCY

Assessment

Assessment 04

PERSONAL FINANCE - Course Packet 4

Money Management Tools

NAME: DIANNE LAURICE M. RODIS SECTION: MM- 1B INTENDED FOR WEEK 8-9

PART A - INCOME STATEMENT & SPENDING PLAN

Refer to your Activity Sheet 04. Answers in no.4. Prepare an Income and Expense

Statement & Spending Plan of your family using the format below. Write 0 if your

family does not have those income and expenses.

RODIS FAMILY

Income and Expense

Spending Plan
Statement
Actual Amount Budgeted Amount
Income
September 2021 December 2021
Earned Income 24,000 25,000
Unearned Income 20,000 20,000
Government 5,000 15,000
Programs
Total Income 49,500 60,000
Expenses
Taxes 0 0
Saving and 0 0
Investing
Insurance 600 600
Housing 535 1,000
Transportation 300 150
Food 2,085 3,500
Family member care 1,000 1,000
Communication and
1,625 1,625
computers
Medical costs not
covered by 3,000 3,000
insurance
Clothing and
0 450
personal care
Educational 0 0
Pet Care 0 0
Entertainment 0 0
Credit Card Cost 0 1,000
Gift and charitable
0 2,000
contributions

Total Expenses 9,560 14,325

Income or Loss
( Total
39,940 45,675
Income-Total
Expenses)
 A. Are any differences between the actual figures and budgeted figures? Which
income and expense? Why?
- There are differences between the actual figure and budgeted figures in
October it has the least expenses because on that month I and my family are
under quarantine and some of our needs are given by some other people as
their relief and donations. And then in December as expected my parents get
their bonuses and then some of the goods in the markets also become high
and on-demand. In that case, our expenses become higher than before and it
is Holiday Season our family have the tradition to donate on our church for
the holidays and buy some new clothes to rewards ourselves.

Note: Income Statement shows ACTUAL AMOUNT while the amount in Spending
Plan (Budget) is your budgeted household income and expense (for the future) which
you can manage or control. The actual amount may serve as your basis in making your
budget.
Part B. STATEMENT OF FINANCIAL POSITION (PERSONAL BALANCE SHEET)

Examine yourself. Examine all you have in your room/house on your bank accounts.
Look at all that you personally have as of now the prepare your Personal Statement of
Financial Position. Use this format

Dianne Laurice M. Rodis

Statement of Financial Position
As of October 31, 2021

Assets:

LIST YOUR ASSETS HERE ONE BY ONE THEN GET THE TOTAL
Savings on the Bank 8,000
Scholarship 5,000
Earned cash on being Tutor 2,500

Total Assets 15,500

Liabilities: (What you owe)

LIST YOUR LIABILITIES HERE THEN GET THE TOTAL

Medications Maintenance 3,000

Total Liabilities 3,000

Net Worth (Total Assets Less Total Liabilities) 12, 500

Question……Are you satisfied with your net worth? How do you plan to increase your
net worth? Cite your plans.
As of now as a student I’m satisfied with what I have right now at a young age, I earned
and saved on my own. As far as I can I will do anything that I can to save more money
in the future. So I can keep investing on my own and help my parents.