Millan, Bryan Matthew

Grade 12 – Weiner (ABM)

Topic: Personal Finance

A. Your own introduction. Include the importance of your topic
- Our topic is Personal finance. Personal finance is the management of an individual’s
finances, money, or other monetary resources. Personal finance is an important
process in our day-to-day lives, it helps us in a lot of stuff, such as: not sinking in
debt, achieving our financial goals, being able to fund emergencies, securing our
future, and having enough capacity to retire. Without personal finance, it is almost
impossible for someone to achieve their financial goals or pay off their debts.
Personal finance is a process everyone must practice, because with this you have a
control of your resources and you have a control of yourself. You can allocate and
put your resources somewhere important that will benefit you in the long run.

B. Contents
- Money Management Philosophies: Explore different approaches to handling money.
We'll look at various philosophies that can guide us in making smart financial
decisions.
- Illustration of the Money Management Cycle: Break down the ins and outs of the
money management cycle. We'll see how money moves around – from earning it,
spending wisely, saving up, and making smart investments.
- Examples of Sound Practices: Check out real-life examples of doing money right.
We'll learn practical tips on how to earn, spend, save, and invest our money wisely.
It's like a playbook for making our money work for us!
C. Your personal reflection or insights gained
- Well, I learned a lot about what is personal finance and how to manage it. I also
learned Its importance to everyone, in every day, and everything because without it,
it is almost impossible for a person, or a business, or a country, or even the world to
develop and achieve anything financial. Living today costs a lot and managing
finances helps everyone live.

Our topic mentioned a lot of philosophies about money management and it also
emphasized the importance of planning which is the most important part of managing
your money. It gave a lot of lessons about managing money and it also gave extra
tips to further improve it. For my personal reaction on the tips and lessons
mentioned, what I can say about is. Personal finance or managing money is pretty
basic and it is very simple and to be honest, you really don’t have to learn how to
manage your money. You just have to care about your money and be aware.
Because then you will be more careful of your money and automatically plan where
you will allocate your resources. But of course, to further improve how to manage
your money and if you have a business, learning personal finance to a much higher
level would greatly benefit you.

The topic that was given to us came along with some objectives and I am pretty
happy about the objectives because it explains what personal finance is, its
importance, it also showed an illustration of the money management cycle to further
help the viewers understand the lesson, and it also gave examples for them to
practice and improve the management of their finances.

I am glad that this is the topic that was assigned to us because it showed me the
importance of personal finance and it also pushed me to manage my money in a way
that is carefully planned and curated.

D. Questions & Issues. Clarifications raised during the report

- None

E. References
- https://www.studocu.com/ph/document/university-of-st-la-salle/economic-
development/business-finance-quarter-4-module-3-4/26405446