FINANCIAL

PLAN

PREPARED AND PRESENTED

BY
Fritz Mathew Honrado
PERSONAL FINANCIAL PLAN PAGE 01

Short Term

FINANCIAL
GOAL

My main goal is to buy a Phone and a Laptop for an

easier and more convenient education use amounting
to a total of PHP 33,294 before the end of February
2022. With the income of PHP 55,024 in the whole
period, I will be needing to figure out my financial
situation to plan & allocate for the said need.

Price : PHP 19,799

 FINANCIAL ANALYSIS PAGE 02

Personal
165,072
FINANCIAL total income
STATEMENTS
In here we can see that I dont have any
other source of income except the fixed
49,725
one. My expenses are also 96.41% made total expenses
up of fixed expenses. Allowing me to
save 70.19 % of my income

100%
fixed income

30.12%
total expenses
FINANCIAL ANALYSIS PAGE 03

Personal

BALANCE 99.46%
SHEETS AND total net worth

RATIOS
The balance sheet proved that
70.19%
almost all of my assets are larger total saving ratio
than liabilities. The Ratio however
shows I don't have anymore
liabilities in my owner equity. I also
saved more than a the third of all my
source of income.
FINANCIAL PLAN PAGE 04

Analysis and

FINANCIAL
PLAN

Based on the information above, we will need to

save PHP 33 294 in the span of four months:

1. T h e t o t a l i n c o m e w e w o u l d g e t i n t h a t s p a n w i l l
be PHP 55,024
2. I f w e s u b t r a c t t h e l i a b i l i t i e s w h i c h a r e m a d e u p o f
more than 90% fixed, we would get PHP 38,450.78
which will be enough, however;
3. O u r f i x e d l i a b i l i t i e s w i l l b e 1 6 , 0 0 0 w h i c h m e a n s
the maximum money that we need to spend on
random expenses should be no more that PHP
5730 in the span of four months. (PHP 1,432.5 per
month)
4. W e a r e a b l e t o a c h i e v e o u r m o n t h l y g o a l b e c a u s e
in average, we only spend on random expenses
about PHP 100 compared to the PHP 1,432 max,
limit per month.

55,024 33,294 1,432.50

Maximum monthly
total income total target saving
expense (random)

16,000 8,323.50 100

total fixed expenses target monthly saving
average monthly expense
CONCLUSION PAGE 05

CONCLUSION

With the Liablities being incredibly less than all of

the total income combined, we were able to save for
approximately 7% more than the target value per
month. As long as we dont spend more than PHP
1,432.50 in a month, we will be able to hit our goal
with 100% success rate.

55,024 33,294 1,432.50

Maximum monthly
total income total target saving
expense (random)

16,000 8,323.50 100

total fixed expenses target monthly saving
average monthly expense