LET'S TALK ABOUT

IMPROVING YOUR
BASIC FINANCIAL
LITERACY
FOR YOUNG MEN &WOMEN

PERSONAL
FINANCE
JOVIE G. MARTIN, MSBA
 TOPICS
Sources of Individuals funds
Uses of an individual funds
Procedure in determining an individual's
monthly cash flows
Determining your spendable income
Avoid common money mistakes
LEARNING OUTCOMES
1. Determine and explain the major
sources of an individual’s fund.
2. Determine and explain the major
uses of an individual's fund.
3. Compute the monthly net cash flow
4. Compute spendable income.
INTRODUCTION
INTRODUCTION
 YOU NEED TO FIGURE OUT
WHERE YOU ARE TODAY AND
WHERE YOU WANT TO GET
TO.
 YOU ARE IN CHARGE OF
FINDING THE BEST ROUTE
TO GET FROM HERE TO
THERE WITHOUT WEARING
OFF INTO COSTLY DETOURS.
YOU CAN TAKE CONTROL OF
YOUR FINANCES TODAY AND
CREATE A LIFE OF
POSSIBILITY - BECAUSE
WHEN YOU UNDERSTAND
YOUR MONEY, YOU CAN
ACHIEVE YOUR DREAMS.
 Earnings from employment (Salary/ Wages)

Rent Income (for leased property if any)

SOURCES OF AN Interest Income ( on savings accounts and time deposit or

INDIVIDUAL'S other investment)

FUNDS
Personal Loans (SSS, relatives, cooperatives, banks)

Commission

Business Income

Donations/ Contributions/ Gifts

USES OF AN INDIVIDUAL'S FUNDS

A. LIVING EXPENSES
B. CHILDREN'S EDUCATION
C. PAYMENT OF DEBTS
D. RETIREMENT
E. TRAVEL (Domestic/ Foreign
F. Others
 BUDGETING IS AS ENJOYABLE AS DIETING
BUDGETS AND DIETS ARE ALL ABOUT DEPRIVATION
 Not Planning (Procastination)

PERSONAL FINANCIAL Overspending (The thrifty approach is the key to building

wealth)
PROBLEMS
Buying with Consumer Credit (Credit encourages you to
spend more than you can afford)

Delaying savings for retirement (Start sooner than later)

Falling prey to financial sales pitches (Too good to be true)

Not doing your homework ( Read review and get objective

advises)

Making decisions based on emotion ( Take time and keep

emotions away from the picture)
PERSONAL FINANCIAL PROBLEMS

Not separating the wheat from the chaff( Separate

financial fluff from financial facts)

Exposing your catastrophic Risks (Do not wait for tragedy

to strike)

Focusing too much on money (Money is not the first- even

second priority in happy peoples lives.