DAN HANZEN B. AVERGONZADO PROF.

ED 1
BUILDING & ENHANCING NEW LITERACIES
ROCHELLE LUZANO

PERSONAL FINANCIAL PLAN

1 CREATE A BUDGET Divide your expenses ( rent, food,
clothes, bills) from your Monthly Income,
to see how much you left for SAVINGS.

EMERGENCY FUND
2
Put aside a small amount of money for
financial emergency.

3 AVOID GAMBLING, LIQUOR &

CIGARETTES. Having an addiction leads you in
debt.
BALANCE YOUR WANTS & NEEDS
Avoid buying unnecessary things. 4
5 INVEST FROM YOUR SAVINGS
Plan a small business where it gives you an extra income.

Be with someone who will support your

dreams and goals in life.
7 DREAM A HOUSE
BUILD A FAMILY
6
Living and sleeping under your own roof is
one of a greatest dream to achieve.

Save a small amount of money for the

education of your children in the future.
EDUCATION
8
9 LIFE INSURANCE Prepare for life's unexpected moments
with a Plan B. Secure your family's future
no matter what happens.

Experience financial freedom when

you retire. RETIREMENT PLAN 10
11 VACATION
Plan a trip with your family. Take a break with
life.
Research Analysis.
Financial literacy and financial planning among teachers of higher education: A study on critical factors of select
variables
Surendar and Subramanya Sarma (2018)

What are the critical factors in personal financial planning among higher education teachers?

There is a lot of critical factors, those were Retirement Planning and Debt Reduction. Retirement planning
refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during
retirement. Others purchase cars or other forms of vehicles that can be use for transportation. But, for some who
are located in urban areas, most of their savings, invested in purchasing lands. Lands, were to plant crops or grains,
such as tomatoes, squash, rice or even corn. Those who are literate enough, take risks in this kind of investment. There
are also some teachers who are invested in milling machine, that can be use to mill dried rice and corn grains. This kind
of investment, provide a great help to the teachers when they retire. Not only for the teachers, but also to those local
farmers who lives near the area. The other factor is the Debt Reduction, it is rampant for the teachers to have their
loans especially to those teachers, who wants for something but their savings is not enough. Many companies or
agencies offered loans especially to those who are employed in government, such as the teachers. But in no time,
once they are in the period where they decided to retired with in three to five years, the teachers minimize or reduce
their chances in taking loans even their is an opportunity. They let their remaining salary or resources will sustain their
living expenses. And of course with the assistance of their investments during their tenures.

https://amity.edu/UserFiles/admaa/97cf8Paper%203.pdf
https://www.researchgate.net/publication/343189485_Financial_Literacy_and_Financial_Planning_among_Teachers_of_High
er_Education_-A_Comparative_Study_on_Select_Variables