Lesson 1: Introduction to Personal Finance / Money in One’s Life

Name: Raiza Mae S. Arizo

Section: BSBA - HRM

Schedule: 9:00 – 10:30 WF

My reflection on this topic…

To obtain financial success in life, you need to know what is understanding

personal finance? personal finance can approach a student’s life with greater wealth,
balance, and happiness. According to Wikipedia finance can be broken into three sub-
categories: Public finance, Corporate finance, and personal finance. Person finance
means you need to understand the basic financial concepts and can manage your
finances. This is important to understand since it is an essential one that you need to be
a high-income earner profitable to reach financial freedom. The truth is that having a
high income can make you financially independent in less time. Personal finance
teaches how to handle the financial situation and how to establish a life of wealth in the
future. It covers the concept of managing money, saving, and investment. It’s also
regarding the Finance and economic concepts that can be easily learned on the other
hand what is more important is how we apply those concepts in our day-to-day
existences. After reading module lesson 1 and watching YouTube these chapters, I have
inherited a wealth of information and changed my financial view. As a college student,
my income is not high, even though understanding finance is a valuable skill.

Before taking this course, I knew that saving more money than spending is a key
principle for financial, success, and take it as a guideline. I use numerous other
guidelines. Beyond that, I haven’t given much thought to my financial situation and
didn’t know how to summarize my current financial condition. I learned personal
finance, that we need financial planning to Encourage the individual to be in control of
our income, expenses, the investment you need to have an adequate amount of money
to fulfill your needs and desires. I agree because you need to save money especially in
today's time you don't need to spend a lot just for those you need also think that if you
spend a lot of money you may not have anything to get next. However, I don’t care if
other people spend a lot of money just to fulfill their needs I will respect their decision
but, as a practical college student, I don’t spend money even I have a big amount of
allowance if I’m not successful in life. I have been able to establish a budget, track my
spending and saving, become more aware of investing in different types of investment,
and learn about many other things while taking this packet.

I learned some important lessons I learned during this online class. I learned a
lot about how important personal finance is. I learned about saving and investing and
planning for fulfilling my own needs and how to effectively save and prepare for my
future life through those things. I learned that when you know how to control yourself
in spending money in In the future, you will be successful. Nevertheless, the decision is
in our hands doesn’t depend on how much money we have now but on how we grow
it. I learned that behavior is more needed than knowledge of the person who wants to
be successful. I also learned economics is an acknowledgment of how to make the best
possible use of money. I learned that you need to ensure that you meet your money
needs. This was very helpful to me and will continue to help me make informed
decisions about financial planning for how I manage my own money and other financial
decisions in my life. Money is logical and important, based on my observation and my
experience because if you don’t have the money you have nothing in this world. Money
can buy your life, money can survive you from poverty, and last money can buy your
happiness. You see money is like a diamond is hard to find and get but when you have
it your life will be comfortable.

I learned the characteristics of people will begin in high well-being. How to, be a
high well-being person? All you need is to be positive about your finance if you’re a
positive person, you will attract positive vibes and you don’t need to stress yourself.
Second love and relationship, relationship with your family can teach you to be
dependent and when you are a dependent person, you will know what money means in
life and how important it is, then you will feel satisfaction in your life. That’s the
characteristic of high well being, it’s important to know, however, sometimes we stress
ourselves about money I don’t deny the fact that sometimes I ask myself why I feel not
satisfied in my life and I realize it is because I don’t have enough money to buy or fulfill
my need. So this step is important to know to be positive what matter what happens. I
also learned that well-being is divided into five domains physical, intellectual, social,
emotional, and last financial these five domains affect oul finance. For me, personal
finance is actually can affect our lives.

One activity and assessment helped me learn a lot about finances and how I feel
about my finance. For me it makes you feel better when someone asks you how your
finances are and someone tells you how you can take care of your money. The other
information that helped me learn a lot was the lecture. That opened my eyes and
allowed me to understand what kind of coverage I currently had and what kind I
needed. That was a very eye-opening lecture and set of notes and helped me learn a lot
about how I spend and save my money.

Raiza Mae S. Arizo.

Signature over printed name

October 29, 2021

Date Prepared