LM01-BAEL

0113

Learning Module

Personal
Finance
Communication

Knowledge Area Code : BSBA

Course Code : BAELO113
Learning Module Code : LM02-BAEL0113
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Module Overview
Introduction

This module will cover money management which includes the different tools in money
management. The idea of money management techniques has been developed to reduce the
amount that individuals, firms, and institutions spend on items that add no significant value
to their living standards, long-term portfolios, and assets. Your level of understanding around
the fundamentals of budgeting, saving, debt, investing, insurance and retirement will impact
every part of your life and can mean the difference between prosperity or poverty. The topics
covered by this module are the following:

• Topic 04: MONEY MANAGEMENT TOOLS

• Topic 05: CREDIT
• Topic 06: HOME FINANCING, - REAL ESTATE
• Topic 07: VEHICLE AND OTHER MAJOR PURCHASES
• Topic 08: INVESTMENTS
• Topic 09: INVESTING IN STOCKS
• Topic 10: INVESTING IN BONDS
• Topic 11: INVESTING THROUGH MUTUAL FUNDS
• Topic 12: INSURANCE & RETIREMENT PLANNING

Learning Outcomes

Upon completion of the module the student would be able to:

1. Determine the main components of wise money
management.

2.Develop money management tools to be applied in personal financial decisions

Minimum Technical Skills Requirement

English oral and communication skills

Basic computer operations, Knowledge in Microsoft Word or Excel is an advantage but not
required.

Learning Management System

Google Classroom

Duration

• Topic 04: MONEY MANAGEMENT TOOLS = 6 hours

• Topic 05: CREDIT = 6 hours
• Topic 06: HOME FINANCING, - REAL ESTATE = 3 hours
• Topic 07: VEHICLE AND OTHER MAJOR PURCHASES = 3 hours
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• Topic 08: INVESTMENTS = 3 hours

• Topic 09: INVESTING IN STOCKS, BOND & MUTUAL FUNDS = 6 hours
• Topic 10: INSURANCE & RETIREMENT PLANNING = 3 hours

Delivery Mode

Blended Learning
Synchronous through google meet
Asynchronous through Google Classroom and Facebook Group

Module Requirement with Rubrics

Students are expected to follow instructions on the module and keep themselves updated
through the google classroom.
Readings provided in this module or uploaded in google class is expected to be read and
understood. Scheduled online classes will be conducted to facilitate further learnings.

This module will be part of the midterm and final examination

Activities, Assignments, Assessments are provided in google class for enhanced learning.

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Learning Module

Money
Management
Course Packet 04

Money Management
Tools

Knowledge Area Code : BSBA

Course Code : BAEL0113
Learning Module Code : LM02- BAEL0113
Course Packet Code : LM02-- BAEL0113-04

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Course Packet 04
Money Management
__________________________________________________________________________
Introduction

This topics will cover Personal Financial Planning, Financial Record Keeping , Reaching Your Goals
Through Budgeting, Personal Balance Sheet & Cash flows, Spending Plan and Personal Income and
Expense Statement

Objectives

At the end of the lesson the students would be able to :

1. Determine the main components of wise money management.

2. Develop money management tools to be applied in personal financial decisions

Learning Management System

Google Classroom

Duration

· Topic 04:Money Management Tools = 6 hours

(4 hours self-directed learning with activities, 1 hour online assessment and 1 hour online
class)

Delivery Mode

Blended Learning
Synchronous through google meet
Asynchronous through Google Classroom and Facebook Group

Assessment with Rubrics

Household Income and Expense Statement, Balance Sheet, Spending Plan

Requirement with Rubrics

Students are required to have an advanced reading before going through the modules. They to
keep themselves updated through the communication media provided by the instructor.
No other requirement will be provided aside from the given Activities, Assignment and post
assessment. Numerical rating will be used.

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Readings

Refer to your google classroom for the video links applicable for this lesson.
Course Packet 04 Money Management

MONEY MANAGEMENT

Introduction

Money is something that encases our whole lives. We all know this yet many of us fall into the
traps of debt and overspending without even knowing it. The feeling of never having enough
money or living paycheck to paycheck can lead to serious finical troubles that can and easily will
carry over into a lifetime of financial struggles. Good money management and good money
habits are the same way. Those skills can make a life of financial ease or struggle. All it depends
on the skills one develops now as a teen. Money management is not a completely restrictive thing.
Many of the skills learned can be used to help friends and family struggling with money.

Answer the short exercise before proceeding with the content.

This is not graded.

Pre-Assessment
PERSONAL FINANCE - Course Packet 04
MONEY MANAGEMENT
NAME:________________________SECTION:____________INTENDED FOR WEEK 7-8

Recall how you prepare the Income Statement during your high school days.

1. List down the items that are included in the preparation of the Income
Statement.

2. What is shown at the bottom of the income statement?

3. During your senior high school days , what personal expense consumed your
allowance the most?

4. During your senior high school days what personal expense consumed your
allowance the least?

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Lesson Proper

Review:
Course Packet 04 Money Management

In our last lesson we discussed the different concepts that will help us in managing out
money. It is important that we consider time value of money in our financial decisions. With
this concept in mind our personal financial goals, decisions and strategies will not be
misleaded.

Activity.

Assume that Covid 19 does not exist. Recall your routine activities. Daily, weekly, monthly.
Recall you yearly activities. Recall the most expensive things you bought. Recall the
activity/activities where you spend your money the most.

Processing of Activity.

A. Your Personal Expenses (monthly)

1. What expenses do you have?

2. How much do you spend on each expense?

3. Convert your spending into percentage and represent it through a pie graph

Brief Lesson

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Spending Plan

An income and expense statement sometimes referred to as budget which records

Course Packet 04 Money Management

both planned income and expenses over a period of time.

INCOME & EXPENSE STATEMENT

Lists and summarizes income and expense transactions that have taken place over a
specific period of time, usually a month or year

Three Components

Income, Expenses and Gain or Loss

STATEMENT OF FINANCIAL POSITION (PERSONAL BALANCE SHEET)

Shows a person’s Assets, Liabilities and Net Worth.

Net worth is computed by getting the differecet between Total Assets and Total
Liabilities.

Refer to your google classroom for the instructional materials

Enhancement Activity

Refer to Activity Sheet 04

Generalization

What do you think are the importance of budgeting in a family?

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___________________________________________________________________

___________________________________________________________________
Course Packet 04 Money Management

Application.
Refer to your Assessment Sheet 04

Course Packet Discussion Forum

To be provided in google class or during scheduled online class.

Post-Assessment

To evaluate your level of mastery in achieving the learning outcomes, validate the concepts
learned and provide more opportunities to deepen your learning. You have to take an
assessment test/quiz for the topic which will be in Google form and shall be available only for
a considerable period of time. The link shall be posted in the LMS/Google classroom. You have
to get 60% out of the total number of items to pass. Good luck!

References

Books

1. Saunders, Anthony and Cornett, Marcia Millon, Financial Markets and Institutions 7 th
Edition, 2019
2. Alminar-Mutya, Ruby F., Introduction to Philippines Money Credit and Banking,
2017
3. Alminar-Mutya, Ruby F. , Basic Business Finance Management Approach, 2013
4. Pagoso, Cristobal M., Money Credit and Banking; 2010 Edition
5. Samuel C. Weaver Strategic Financial Management, Application for corporate
Finance 2012
6. Ma. Elenita Balatbat Cabrera, Financial Management Principles and Applications
2012

Online Resources

7. https://www.slideshare.net/JamieNortonMEd/101-money-in-
yourlifepowerpoint212g1
8. https://squirrelers.com/the-role-of-money-in-our-life/
9. http://www.yourarticlelibrary.com/financial-management/financial-
decisions/financial-decisions-concept-and-factors-influencing-it/71186
10. https://www.slideshare.net/mbachnak/setting-financial-goals-presentation
11. https://www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-
your-money
12. https://www.sec.gov/investor/pubs/sec-guide-to-mutual-funds.pdf
13. https://www.insurance.gov.ph/issuances/laws/amended-insurance-code/
14. https://www.insurance.gov.ph/

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15. http://nextgenpersonalfinance.org/resource-lists-financial-educators-courtesy-
barbara-oneill-rutgers-cooperative-extension/
16. Finance https://www.investopedia.com/terms/f/finance.asp#ixzz5LkefF1Rn
Course Packet 04 Money Management

17. Your Life, Your Money: http://www.pbs.org/your-life-your-money/

18. Money.cnn.com/retire,ment/guide//EstatePlanning
19. https://resources.saylor.org/wwwresources/archived/site/textbooks/Personal%20Fina
nce.pdf
20. https://www.academia.edu/38607182/Personal_Finance_9th_edition.pdf

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Activity Sheet
Activity Sheet

Activity 04 – TO BE SUBMITTED ON THE PROPER INBOX

PERSONAL FINANCE - Course Packet 4
Money Management Tools
NAME:______________________________ SECTION:__________ INTENDED FOR WEEK 8-9

Collaborative work with the Guardian/Mother or Budget in charge of your family

Required:

A. TRACKING INCOME AND EXPENSES

With the help of your guardian (or whoever manages the finances on your family) do the
following:

1. Gather the all the income and expense data of your family for the month of October 2021.
Please list down all sources of income and all expenses incurred with the corresponding
amount.

Family Composition – How many members does your family has ? __________

Write your answers here:

Income

Expenses

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Activity Sheet

2. For documentation purposes, kindly take a CLEAR picture with your guardian while doing
this Activity. (the picture must include you and your guardian) This will be uploaded on
google classroom . See sample. If you do not have a computer. You can submit a screen shot
of your picture with those information. (edit using your phone)

Me and my mother preparing our Income Statement for October 2021 & Household
Spending Plan for December 2021
Juana Dela Cruz
Schedule
Personal Finance
1st Sem 2021-2022

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Activity Sheet

3.From your answers in no.1 fill up Table 1 below. Watch the videos to determine the proper
income and expense classifications.

Income Classification

Earned Income,
Unearned Income
Government Programs

Expense Classification

Taxes Family member care

Saving and Investing Communication and computers
Insurance Medical costs not covered by insurance
Housing Clothing and personal care
Transportation Educational
Food Pet Care
Entertainment
Credit cost
Gift and charitable contributions

Table 1
Income and Expense
Actual Amount Classification
Sources of Income
August 2021 Refer to previous page
Example: Mother’s
P21,0000 Earned Income
Salary as Teacher

Total Income
Expenses Paid Actual Amount Classification
Example :
Books of students 1,500 Educational

Dental check up
500 Medical Cost

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Activity Sheet

Total Expenses
Income or Loss
( Total Income-Total
Expenses)

4. From your list above how much is the total for the following based on your classification

Income
Earned Income,_________
Unearned Income________
Government Programs_________

Expense

Taxes _______ Family member care ____

Saving and Investing _____ Communication and computers____
Insurance _____ Medical costs not covered by insurance____
Housing _____ Clothing and personal care_____
Transportation _____ Educational_____
Food ____ Pet Care_______
Entertainment ________
Credit cost _____
Gift and charitable contributions _____

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Assessment
Assessment

Assessment 04
PERSONAL FINANCE - Course Packet 4
Money Management Tools
NAME:______________________________ SECTION:__________ INTENDED FOR WEEK 8-9
PART A - INCOME STATEMENT & SPENDING PLAN

Refer to your Activity Sheet 04. Answers in no.4. Prepare an Income and Expense
Statement & Spending Plan of your family using the format below. Write 0 if your
family do not have those income and expense.

Dela Cruz, Family ( use you own family name )

Income and Expense

Spending Plan
Statement
Actual Amount Budgeted Amount
Income
September 2021 December 2021
Earned Income
Unearned Income
Government Programs
Total Income

Expenses
Taxes
Saving and Investing
Insurance
Housing
Transportation
Food
Family member care

Communication and
computers

Medical costs not

covered by insurance
Clothing and personal
care
Educational

Pet Care

Entertainment
Credit Card Cost
Gift and charitable
contributions

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Total Expenses
Assessment

Income or Loss ( Total

Income-Total
Expenses)

A. Are the any difference between the actual figures and budgeted figures. Which
income and expense? Why?

Note: Income Statement shows ACTUAL AMOUNT while amount in

Spending Plan (Budget) are your budgeted household income and
expense (for the future) which you can manage or control. The actual
amount may serve as your basis in making your budget.

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Part B. STATEMENT OF FINANCIAL POSITION (PERSONAL BALANCE SHEET)

Examine yourself. Examine all you have in your room/house on your bank accounts. Look at
Assessment

all what you personally have as of now the prepare your Personal Statement of Financial
Position. Use this format

Juan C. Dela Cruz (your name)

Statement of Financial Position
As of October 31, 2021

Assets: (What you own)

LIST YOUR ASSETS HERE ONE BY ONE THEN GET THE TOTAL

Total Assets _______________

Liabilities: (What you owe)

LIST YOUR LIABILITIES HERE THEN GET THE TOTAL

Total Liabilities _________________

Net Worth ( Total Assets less Total Liabilities) ________________

Question……Are you satisfied with your net worth? How do you plan to increase your net
worth? Cite your plans.

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Assignment
Assignment

Assignment 04
PERSONAL FINANCE - Course Packet 4
Money Management Tools
NAME:______________________________ SECTION:__________ INTENDED FOR WEEK 8-9

Reflection Paper for Topic 4 ( Same as previous instruction)

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Learner’s Feedback Form

Name of Student: __________________________________________________________
Learner’s Feedback Form

Program : __________________________________________________________
Year Level : ______________ Section : __________________
Faculty : __________________________________________________________
Schedule : __________________________________________________________

Course Packet : Code : _________ Title : __________________________________

How do you feel about the topic or concept presented?

 I completely get it.  I’m struggling.
 I’ve almost got it.  I’m lost.

In what particular portion of this course packet, you feel that you are struggling or lost?
_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

Did you raise your concern to you instructor?  Yes  No

If Yes, what did he/she do to help you?

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

If No, state your reason?

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

To further improve this course packet, what part do you think should be enhanced?
_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

How do you want it to be enhanced?

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

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