2021 PERSONAL FINANCE - Module 1 LP 1-3

LM01-BAEL
0113
Learning Module
Personal
Finance
Communication
Knowledge Area Code : BSBA

Course Code : BAELO113
Learning Module Code : LM01-BAEL0113
Personal Finance
Learning Module 01
Understanding Personal Finance
Second Edition, 2021
Copyright. Republic Act 8293 Section 176 provides that “No copyright shall subsist in any work of the
Government of the Philippines. However, prior approval of the government agency or office wherein the
work is created shall be necessary for exploitation of such work for profit. Such agency or office may,
among other things, impose as a condition the payment of royalties. “
Borrowed materials included in this module are owned by their respective copyright holders. Every effort
has been exerted to reach and seek permission to use these materials from their respective copyright
owners. The University and authors do not claim ownership over them.
Published by the Bataan Peninsula State University

President: Gregorio J. Rodis, PhD
Learning Module Development Team
Writers:
CARINA D. MOISES, Assistant Professor 3
Evaluators:
Olivia H. Perdio, Associate Professor 4
Quality Management Team:
Arlene I. Pascual
Focal Person, University Gender and Development
Cristina G. Rivera
Chair, Oversight Committee on Curriculum Development
Arlene D. Ibañez
Chair, Oversight Committee on Textbook and Instructional Materials
Jesselyn C. Mortejo, EdD

Director, Quality Assurance Office
Emmanuel C. Macaraeg, PhD, CESE

Vice President for Academic Affairs
Learning Module: Personal Finance ii

Netiquette Guide for Online Courses
It is important to recognize that the online classroom is in fact a classroom, and certain
behaviors are expected when you communicate with both your peers and your instructors.
These guidelines for online behavior and interaction are known as netiquette.
Security
Remember that your password is the only thing protecting you from pranks or more serious
harm.
• Don't share your password with anyone.
• Change your password if you think someone else might know it.
• Always log out when you are finished using the system.
Appearance
Bear in mind that you are attending a class, dress appropriately.
General Guidelines
When communicating online, you should always:
• Treat your instructor and classmates with respect in email or any other communication.
• Always use your professors’ proper title: Dr. or Prof., or if in doubt use Mr. or Ms.
• Unless specifically invited, don’t refer to your instructor by first name.
• Use clear and concise language.
• Remember that all college level communication should have correct spelling and grammar
(this includes discussion boards).
• Avoid slang terms such as “wassup?” and texting abbreviations such as “u” instead of
“you.”
• Use the prescribed font Palatino Linotype and use a size 10-point font.
• Avoid using the caps lock feature AS IT CAN BE INTERPRETTED AS YELLING.
• Limit and possibly avoid the use of emoticons like :) or J.
• Be cautious when using humor or sarcasm as tone is sometimes lost in an email or
discussion post and your message might be taken seriously or sound offensive.
• Be careful with personal information (both yours and other’s).
• Do not send confidential information via e-mail.
Email Netiquette
When you send an email to your instructor, teaching assistant, or classmates, you should:
• Use a descriptive subject line.
• Be brief.
• Avoid attachments unless you are sure your recipients can open them.
• Avoid HTML in favor of plain text.
• Sign your message with your name and return e-mail address.
• Think before you send the e-mail to more than one person. Does everyone really need to
see your message?
• Be sure you REALLY want everyone to receive your response when you click, “reply all.”
• Be sure that the message author intended for the information to be passed along before you
click the “forward” button.
Learning Module: Personal Finance iii

Message Board Netiquette and Guidelines

When posting on the Discussion Board in your online class, you should:
• Make posts that are on topic and within the scope of the course material.
• Take your posts seriously and review and edit your posts before sending.
• Be as brief as possible while still making a thorough comment.
• Always give proper credit when referencing or quoting another source.
• Be sure to read all messages in a thread before replying.
• Don’t repeat someone else’s post without adding something of your own to it.
• Avoid short, generic replies such as, “I agree.” You should include why you agree or add
to the previous point.
• Always be respectful of others’ opinions even when they differ from your own.
• When you disagree with someone, you should express your differing opinion in a
respectful, non-critical way.
• Do not make personal or insulting remarks.
• Be open-minded.
(Source: http://teach.ufl.edu/wp-content/uploads/2012/08/NetiquetteGuideforOnlineCourses.pdf)
Learning Module: Personal Finance iv

About the Faculty
About the Faculty
Carina D. Moises, the writer of this module is married to Noel A. Moises and the mother of two
wonderful children Julia and Lucas. June 2020 marked her 20 years of teaching at Bataan
Peninsula State University BPSU, Balanga Campus. Among the subjects she handles are
Finance, Financial Management, Operations Management, Math of Investment , Feasibility
Study, Business Organization & Management and Marketing.
A former fulltime/ part time faculty / Officer in Charge of AMA Computer Learning Center,
Balanga City and a former part time faculty member of Tomas Del Rosario College, Balanga
City. As a fresh college graduate, she worked as an audit staff at SGV & Company (SyCip,
Gorres, Velayo & Company), Makati City. She worked also as an accounting staff at Magnolia
Chicken Distributor.
Ms. Moises is the Program Coordinator and Cluster Chairperson of BSBA Management since
2013. A resource speaker of DTI seminars, panelist on different undergraduate research,
adviser of feasibility study and engaged on Livelihood Extension Projects of the College of
Business and Accountancy.
Ms. Moises is a holder of NC II in Bookkeeping and Capital Market Institute of Teaching

Accreditation Program certificate- CMITAP
A graduate of BSA-Bachelor of Bachelor of Science in Accountancy (1996) at BPSU. She finished

her MBA-Masters in Business Administration (2002) at Tomas Del Rosario College. She earned
units of DBA- Doctor of Business Administration at La Consolacion University Philippines,
Malolos City, Bulacan.
She is also the writer of Modules in Personal Finance, Strategic Management, Operations
Management and Financial Management intended for BSA and BSBA students of BPSU-CBA.
Learning Module: Personal Finance v

Table of Contents
Table of Contents
Content
1 Course Overview………………………………………...
2 Module Overview………………………………………..
3 Course Packet 1 – Introduction to Personal Finance…
4 Course Packet 2 – Financial Planning……….………..
5 Course Packet 3 – Time Value of Money………….….
Learning Module: Personal Finance vi

Course Overview
Course Overview
Introduction
Financial literacy is vital in meeting the financial challenge of the 21st Century. We cannot
deny that the modern days activities call for personal financing and management skills. The
competencies, which form the basis for this course, will enable students to analyze their
personal financial decisions, evaluate the costs and benefits of their decisions, recognize their
rights and responsibilities as consumers, and apply the knowledge learned in school to
financial situations encountered later in life.
This finance course will provide students with learnings in basic principles of economics and
best practices for managing their own finances. Students learn core skills in creating budgets,
developing long-term financial plans to meet their goals, and making responsible choices about
income and expenses. They gain a deeper understanding of capitalism and other systems so
they can better understand their role in the economy of society. Students are inspired by
experiences of finance professionals and stories of everyday people and the choices they make
to manage their money.
Understanding and managing personal finances are key to one’s future financial success. The
course content is designed to help the learner make wise spending, saving, and credit decisions
and to make effective use of income to achieve personal financial success. This course is divided
into two modules, first Understanding Personal Finance, second Money Management.
Module 1 will cover Introduction to Personal Finance, Financial Planning and Time Value of
Money. Module 2 covers Money Management, which includes Money management tools,
Credit, Asset Management, Asset and Income Protection and Retirement.
There is much to learn about the financial world, money management is a valuable life skill
that will serve any individual for as long as they live.
Key Learning Competencies
Upon completion of the course, the students should be able to :
1. Demonstrate understanding of finance concepts and economic factors that affect

financial decisions.
2. Illustrate and apply tools available in money management to attain financial health
Course Details:
• Course Code: BAEL 0113
• Course Title: PERSONAL FINANCE
• No. of Units: 3 Unit, s Lecture
• Classification: Lecture-based
• Pre-requisite / Co-Requisite: None
• Semester and Academic Year: First Semester, A.Y.2021-2022
Learning Module: Personal Finance 1

• Schedule
Class
Course Section Days Time Code
Course Overview
Personal Finance HRM1A WF 9:00 - 10:30 bp2nrcj

Personal Finance HRM1B TTH 9:00 - 10:30 s662ikx
Personal Finance MM1A TTH 1:30 - 3:00 ppsudqi
Personal Finance MM1B TTH 7:30 - 9:00 s2fslzv
Personal Finance OM1A TTH 10:30 - 12:00 gridggt
Personal Finance OM1B WF 10:30 - 12:00 5loembk
• Name of Faculty: Ms. Carina D. Moises

• Contact Details
Email: cdmoises@bpsu.edu.ph
Mobile Number:
Viber:
Messenger: Carina Moises
• Consultation
Day:
Time:
Learning Management System

Google Classroom
Assessment with Rubrics

Midterm Examination – Week 9, Coverage Course Packet 1 – 4
Final Examination – Week 18, Coverage Course Packet 5-10
(Transmutation 60% )
Final Requirement with Rubrics
The student will be required to submit a Personal Finance Journal showing the students
reflection on each topic discussed on or before January 22, 20222.
A reflection paper is a two- to three-page essay that lets you share your thoughts on an
experience, such as a reading assignment or a class, and apply what you've learned to your life
and education. Unlike most essays, they're relatively informal, focusing on your reactions to
the experience and how you plan on applying your new knowledge. Organization, unity of
ideas, and the use of clear examples are all keys to creating a successful reflection essay.
It must contain an Introduction, Body, Applying What You've Learned / Conclusions

Your reflection papers will be graded according to this rubrics:
Advanced Proficient (31- Developing (21- Beginner

Course Overview
(41-50) 40) 30) (10- 20)
*.The reflection *The reflection

• The reflection • The reflection
explains the does not address
explains the attempts to
student’s the student’s
student’s own demonstrate
thinking about thinking and/or
thinking and thinking about
his/her own learning.
learning learning but is
learning
processes, as well vague and/or • The reflection
processes.
as implications unclear about the does not move
for future • The reflection is personal learning beyond a
learning. an analysis of the process. description of the
learning learning
• The reflection is • The reflection
experience and experience.
an in-depth attempts to analyze
the value of the
analysis of the the learning • Grammar and/or
derived learning
learning experience, but the syntax errors
to self or others. •
experience, the value of the interfere with the
Free of grammar
value of the learning to the reader’s ability to
and syntax
Reflective derived learning student or others is follow and/or
errors.
Thinking to self or others, vague and/or comprehend the
and Analysis and the unclear. assignment.
enhancement of
• There may be
the student’s
some grammar and
appreciation for
syntax errors, but
the discipline.
these do not
Additionally, pre-
compromise
existing
readability.
assumptions are
identified and
challenged.
• Free of
grammar and
syntax errors.

Grading System
Course Overview
Class Standing Percentage Midterm Final

Assignment/Activities - Class Standing - Class Standing -
30%
Modules 67% 67%
Assessment Tasks – After Term Exam -
70% Term Exam - 33%
each topic 33%
TOTAL 100% Final Rating
Midterm Grade (50%) + Final Grade

(50%) = Final Rating
Course Policy
1. Policies on Student Manual will be implemented.
2. Follow the netiquette guide in conducting online courses
3. Google classroom will be our official LMS Learning Management
System. This will be utilized for:
a. Announcements
b. Course Materials
c. Course Requirements ( Dissemination and Submission)
d. Providing google form links and other materials’ links
e. Join only the google classroom intended for your section or class
enrolled
4. Google meet will be utilized for online classes, join using your BPSU
account
5. Policy on submission of requirements
a. All requirements must be submitted on or before the due date. A
deduction of 10 points per day will be imposed for late output.
b. Use the proper INBOX in uploading your output. Inbox will be
properly labeled for each submission. Do not upload on
“STREAM”
c. Word file, pdf file, google docs, picture of handwritten works will
be accepted for uploading in google classroom.
6. Communications will be through Facebook Messenger Group and
Google Classroom.
7. Students are expected to attend class and actively participate in class
discussions and activities.

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Module Overview
Introduction
Module Overview
Finance is an integral part of everyone’s life and financial principles are based on pure and
simple common sense. The ability to take financially intelligent decisions is financial
management. This module will instill an understanding of finance on the minds of the students.
Understanding Personal Finance is one of the important things that a person can do to live a
happy, healthy and secure life. Your level of understanding around the fundamentals of
budgeting, saving, debt and investing 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 01: Introduction to Personal Finance
• Topic 02: Financial Planning
• Topic 03: Time Value of Money
Learning Outcomes
Upon completion of the module the student would be able to:
1. Demonstrate an understanding of personal finance
2. Apply finance and economic concepts in financial planning.
Minimum Technical Skills Requirement
English oral and communication skills

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

Google Classroom
Duration
Topic 01: Introduction Personal Finance = 3 hours
Topic 02: Financial Planning = 5 hours
Topic 03: Time Value of Money = 4 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 examination
Activities, Assignments, Assessments are provided in google class for enhanced learning.

Course
LM01-BAEL
Packet
01 0113
Learning Module
Understanding
Personal Finance
Course Packet 01
Introduction to
Personal Finance

Course Code : BAEL0113
Learning Module Code : LM01-BAELO113
Course Packet Code : LM01-BAEL0113-01
Course
Packet
LM01-BAEL
01 0113
Course Packet 01
Course Packet 01
Introduction to
Personal Finance / Money in One’s Life
A review of basic finance concepts will be done first followed by discussion in personal
finance concepts. Readings are provided for student’s knowledge of the subject matter.
Activities and assignment will be provided to make the lesson engaging and more
interesting. Assessment will be conducted at the end of the lesson to measure the
student’s learning.
Objectives
At the end of the lesson the students will be able to:
1. Demonstrate understanding of finance concepts

2. Appreciate the role of money in one’s life

Google Classroom
Duration
· Topic 01: Introduction to Personal Finance = 3 hours

(3 hours self-directed learning with activities, assessment, assignment )
Delivery Mode
Asynchronous through Google Classroom
Application of the Lesson thru activities conducted by different persons

Learn about Hannah and Morgan’s life
Identification of domains of well-being
Determining whether Hannah or Morgan has a high or low well being
(You must attain a score of 60% of the total number of items)
Reflection Paper ( see given Rubrics on the course overview section of this module)
Requirements
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.

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No other requirement will be provided aside from the given Activities, Assignment
and post assessment. Numerical rating will be used.
Course Packet 01
Readings
Refer to your google classroom for the copy of Instructional Materials – Course Packet
01 and readings applicable to this topic.

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INTRODUCTION TO PERSONAL FINANCE

Course Packet 01
Introduction
Understanding personal finance can bring you closer to a life with more wealth, balance, and
happiness. It’s essential to understand because it’s a myth that you need to be a high-income
earner to reach financial independence. The truth is that earning a high income can make you
financially independent in less time. However, you can also achieve this goal even with average
income levels. Many people worldwide have done it before!
“All you need to do” is to understand the importance of personal finance activities and do
proper financial planning with your money
Personal finance is teaching you how to handle your financial situation and how can you
establish a life of wealth in the future. Keep in mind that some of the wealthiest people today,
didn’t start their path having a lot of money. They have made their fortune with smart financial
planning in relation to their savings and spending habits, as well as patience for their wealth to
grow with compound interest. They knew that personal finance is very important.
Answer the short exercise before proceeding with the content. This is not graded. This will
help you determine your knowledge about the subject matter.
Pre-Assessment
PERSONAL FINANCE - Course Packet 1
INTRODUCTION TO PERSONAL FINANCE
NAME:______________________________ SECTION:____________ INTENDED FOR
WEEK 2
TRUE OR FALSE
Identify whether the statement is True or False. Write your answer after each
statement.
1. Corporate finance is the division of finance that deals with how corporations deal
with funding sources, capital structuring, and investment decisions.
2. Corporate finance is primarily concerned with maximizing shareholder’s value

through long and short-term financial planning and the implementation of various
strategies.
3. Corporate finance is the area of finance that deals with sources of funding, the
capital structure of corporations, the actions that managers take to increase the value

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of the firm to the shareholders, and the tools and analysis used to
allocate financial resources.
Course Packet 01
4. Personal finance is the deliberate manipulation of revenues and expenditures of

the government. It is the financial plan of the government.
5. Personal finance is defined as the management of money and financial decisions for
a person or family including budgeting, investments, retirement planning and
investments.
6. Finance is a term broadly describing the study and system of money investments,
and other financial instruments
7. Economics is a term for matters regarding the management, creation, and study of
money and investments.
8. Economics is the branch of knowledge concerned with the production,

consumption, and transfer of wealth.
9. Knowledge of economics and accounting is irrelevant in finance.
10. Personal finance concepts can be applied in business organizations.
See answer sheet after the topic.
Lesson Proper
Review
Finance and Economics are courses included under the ABM and GAS strand of K12
Curriculum. The learnings from these courses will enable you to understand better our
topic which is Understanding Personal Finance. It is expected that the readings for this
topic were studied upon for better leaning.
Finance and economic concepts can be easily learned but what is more important is
how we apply those concepts in our day to day lives. The application will serve as the
measure if we truly understand finance and economics. Particularly Personal Finance
which is our subject matter.
Before we review basics about finance and economics, let us have first this activity.
1. What comes to your mind when you hear the word finance?

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_______________________________________________________________________
_______________________________________________________________________
Course Packet 01
2. What comes to your mind when you hear the word economics?
_______________________________________________________________________
_______________________________________________________________________
Activity.
The well-known and one of the most successful investors, Warren Buffet, has been
quoted very often when it comes to managing finances and investments. I will state
two of his most famous quotes. The first quote is:
“The most important investment you can make is yourself.”
The second quote is:
“If you don’t find a way to make money while you sleep, you will work until you die.”
Processing of Activity
Try to examine the quotes above do you agree or disagree with them and why?
Your answer
Quote 1
___________________________________________________________________________
___________________________________________________________________________
Quote 2
___________________________________________________________________________
___________________________________________________________________________
Note: There is no right or wrong answer.
Let us see …………………..The first quote is:

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“The most important investment you can make is yourself.”

Course Packet 01
The second quote is:
“If you don’t find a way to make money while you sleep, you will work until you die.”
As per the well-known and one of the most successful investors, Warren Buffet
The quote speaks for itself. The importance of enriching your knowledge and your
skills is the money best spent. In terms of personal finance, the best investment would
be to invest in your financial literacy and your knowledge in personal finance.
For this reason, it is especially important not only to keep control of your expenses
but also to make money work for you with opportunities
Source: https://myinvestment.blog/why-is-personal-finance-important/
Brief Lesson
DEFINITION OF FINANCE
According to Merriam Webster

1.finances plural : money or other liquid resources of a government, business,
group, or individual
2: the system that includes the circulation of money, the granting of credit,
the making of investments, and the provision of banking facilities
3: the science or study of the management of funds
4: the obtaining of funds or capital : FINANCING
Dictionary.com
-the management of revenues; the conduct or transaction of money matters

generally, especially those affecting the public, as in the fields of banking and
investment.
-finances, the monetary resources, of a government, company,

organization, or individual; revenue.

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Wikipedia
Finance is a field that is concerned with the allocation (investment)

Course Packet 01
of assets and liabilities (known as elements of the balance statement) over space and
time, often under conditions of risk or uncertainty. Finance can also be defined as the
science of money management. Market participants aim to price assets based on their
risk level, fundamental value, and their expected rate of return. Finance can be broken
into three sub-categories: public finance, corporate finance and personal finance.
Finance is a term describing the study and system of money, investments, and other
financial instruments. Some people prefer to divide finance into three distinct
categories: public finance, corporate finance, and personal finance.
AREAS OF FINANCE
Corporate finance
Corporate finance deals with the sources funding and Key Points:
the capital structure of corporations, the actions that
• Key point 01 –
managers take to increase the value of the firm to the Finance have 3
shareholders, and the tools and analysis used to allocate areas; Corporate
Finance, Public
financial resources. Corporate finance generally involves
Finance and
balancing risk and profitability, while attempting to Personal Finance
maximize an entity's assets, net incoming cash flow and the
value of its stock,
Corporate finance also includes within its scope business valuation, stock investing,
or investment management.
Public finance
Public finance describes finance as related to sovereign states and sub-national entities
(states/provinces, counties, municipalities, etc.) and related public entities (e.g. school
districts) or agencies. It usually encompasses a long-term strategic perspective
regarding investment decisions that affect public entities.These long-term strategic
periods usually encompass five or more years. Public finance is primarily concerned
with:
• Identification of required expenditure of a public sector entity

• Source(s) of that entity's revenue

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• The budgeting process

• Debt issuance (municipal bonds) for public works projects
Course Packet 01
Personal finance
Personal finance is the financial management which an individual or a family unit
performs to budget, save, and spend monetary resources over time, taking into
account various financial risks and future life events
Personal finance may involve paying for education, financing durable goods , real
estate and cars, buying insurance, e.g. health and property insurance, investing and
saving for retirement.
Personal finance may also involve paying for a loan, or debt obligations
When we talk about personal finance, the term is usually used to refer to the financial
management of an individual or a family’s resources. It comprises of how you
manage your money through expenditure, investments, and savings, considering
various life events and risks.
Personal Finance framework broadly constitutes the following three areas. 1) Finance
and related discipline The base of personal financial management comes from
recommended practices from Economics, Accounting, and Information Technology.
(i) Personal Finance and Economics

Basic knowledge of economics is necessary to understand both the environment and
decision techniques of financial management.

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Economics is the knowledge about how to make best possible use of money. It deals
with
Course Packet 01
• Inflow of money: - This is the sum total of money that is coming in a household from
the various sources of Income.
• Outflow of money: - This is the sum total of money that is going out from a household
in form of various expenditures. Most people are aware of the seen costs when it comes
to personal finance.
We understand the direct costs for our actions. However, the unseen costs could be
more important to realize. Understanding the opportunity cost is critical to making
the best possible decisions with our money. This principal is quickly becoming a
budgeting essential. Opportunity cost factors into any decision that involves a trade-
off between two or more options. An opportunity cost is defined as the value of a
forgone activity or alternative when another item or activity is chosen. It is expressed
as the relative cost of one alternative in terms of the next-best alternative.
The true opportunity cost is all the things that could have done with the money
instead. The same money could have been used to enjoy a holiday, or give a gift to
friend, or invest in stocks or to pay off loans. When all these factors are taken into
account, it is apparent that buying a television if not needed, is a very costly adventure
indeed. The other important principle of economics that is applied to financial
management is marginal analysis, a cost-benefit approach which suggests that
financial decisions should be made on the basis of comparison of marginal revenue
and marginal cost.
Marginal analysis is the fundamental economic decision-making procedure. It allows

an individual to measure the additional benefits of financial activity versus its costs.
The theory states that whenever marginal benefit exceeds marginal cost, the financial
activity should be increased to reach highest net benefit, otherwise if the marginal cost
is higher than marginal benefit, activity should be decreased.
This analysis can help to understand whether an activity is profitable and thus make
a decision based on that information. Consider an individual who is shopping for
groceries and he has to decide whether to buy organic or conventional vegetables. Will
the marginal cost (how much more the organics cost) be greater than the marginal

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benefit (healthier food, perhaps, and less impact on the environment) including
control on lifestyle risks and challenges.
Course Packet 01
(ii) Personal Finance and Accounting
Accounting is a sub function of finance. Accounting generates info/data relating to

operations or activities of finance. Accounting is the process of recording, classifying,
summarizing, analyzing, interpreting and communicating results in terms of money.
The financial management uses this data for financial decision making. Thus,
accounting is an information system which involves identification, measurement and
communication of economic information for financial decision making.
(iii) Personal Finance and Information Technology (IT)
Information technology helps in automation of personal financial management

process, and thereby acts as a tool for efficient decision making. It is related to the
knowledge about how to use Information Technology to do financial calculations
correctly, accurately and quickly.
Importance of personal finance
1. Ensures That You Meet Your Money Needs

2. Easily Manage Your Income
3. Budgeting, Spending, and Saving becomes easy
4. Personal Finance and Cash Flow is healthy
5. Offering Family Security
6. Offers Better Financial Understanding
7. Keeps You Off Unmanageable Debts
8. Growing Your Assets
9. Raising Your Standards of Living
Enhancement Activity:
Before the discussion of money in one’s life. Do the following:
1. Perform Part A of Assessment 01- Part A – Attitudes About Money Quiz.

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Course Packet 01
2. Perform Activity 01 (What makes me Happy) found on your Activity Sheet . Answer
the first 3 columns.
Oopppppsss…. Perform first Activity 01
MONEY IN ONE’S LIFE
After answering Activity 01. Look at your answer in Activity 01
“Why Does the activity make you feel

gratitude, love, joy, enthusiasm, and
does satisfaction?
Do you love or enjoy the activity?

this
Do you lose track of time when you do
activity this activity?
make
Does the activity involve spending time
with people you enjoy?
you
Do include the following:
Do you find meaning in the activity or
feel it is important?
happy?” Figure 1
Does the activity make you feel
successful?
That activity makes you happy because…

Positive….. It has positive characteristics
Relationships….. It involves relationships with others
Meaning … It provides meaning to your life
Enjoy …. You enjoy it
Achievement … It makes you feel successful
? Are there other reasons an activity makes you happy

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Why does feeling happy matter?

Course Packet 01
High well-
High being comes

A happy
from
person well-
feeling
being good about
your life
Characteristics of people with High well-being
Are positive… Feel gratitude, joy, love, enthusiasm, and satisfaction
Love what they do…. Actively engage in activities such as work and play
In healthy relationships.. Relationships are loving and dependable
Find meaning in life … Activities and relationships are important to themselves,

others and often involve giving
Feel achievement …Feel successful in their activities and relationship

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Well-being can be divided into five domains

Course Packet 01

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physical
Course Packet 01
Eating Well
Exercising and Medical

getting enough
sleep. Care
High
physical
well-being
Intellectual
Gaining and
using knowledge
High
+ intellectual
Learning to
well-being
solve problems

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Social
Course Packet 01
Membership in
a community
Network of Sense of
friends and belonging
family. High social
well-being
Emotional
Feeling a sense of
worth and purpose

High
+ emotional
Developing strategies to create well-being
a healthy outlook on life

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Financial
Course Packet 01
Managing money in ways

that build a sense of
understanding, competence
and control
High financial
well-being

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Refer to your Activity Sheet 01

1. Perform Activity 01 (What makes me Happy) found on your Activity Sheet. Answer
the last column considering the five domains given.
Course Packet 01
Generalization
Role of Money in One’s Life
What makes you happy?

How many pesos Php did you have?
How many Php signs did you have?
Was there any activity on your list that didn’t require
money in some way?
What does this say about how important money is to
your happiness?
Imagine that you didn’t have money. How would
your well-being be affected?
Financial well-being affects overall

well-being
How can you create positive financial well-being?
After you have How you manage

enough money to your money
pay for necessities increases well-
being
Managing money well is critical to increasing a
person’s well-being

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Understand your feelings about money

Course Packet 01
Do you feel positive Do you feel positive

about your financial about having enough
money to purchase
situation compared to basic needs?
others around you?
Do you have positive Are you in healthy

feelings about the way relationships with positive
communication about
you manage your
money?
money?
Do you feel successful Do you find enjoyment
about your present and and meaning in life

through participating in
future financial
position? activities you enjoy?
How can you create positive financial well-being?
Participate in Financial Financial goals -

financial planning – specific
planning for your managing money objectives that
present and continuously are
future through life in accomplished
order to reach through financial
financial goals planning

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What does successful financial planning look like?

Course Packet 01
Ask yourself-
“What makes me
happy?”
Use financial Individualize Continually

your financial evaluate and
planning as a edit your
plan
tool to help financial plan
you reach
that
happiness
What role does money play in your life?
How you feel about Learning how to

money contributes to manage your money will
your well-being help you create high
well-being

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Application
Refer to your Assessment Sheet 01 – Part B

Course Packet 01
Refer also to your google class for the link on this assessment.
Course Packet Discussion Forum
This will be facilitated on our google classroom. Wait for further instructions.
Refer to your Activity 01
1. Are you missing any of the well being domains?

2. What specific things could you do to improve your well being
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!
Refer to Assessment 01
Answer Key
Pre-assessment
All statements are True except 4 ,7 and 9
References:
Books
1. Alminar-Mutya, Ruby F., Introduction to Philippines Money Credit and Banking,

2017
2. Alminar-Mutya, Ruby F. , Basic Business Finance Management Approach, 2013
3. Pagoso, Cristobal M., Money Credit and Banking; 2010 Edition
Online Refences
4. https://www.slideshare.net/JamieNortonMEd/101-money-in-
yourlifepowerpoint212g1
5. https://www.slideshare.net/JamieNortonMEd/101-money-in-
yourlifepowerpoint212g1

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6. https://squirrelers.com/the-role-of-money-in-our-life/
7. https://resources.saylor.org/wwwresources/archived/site/textbooks/Personal%20Fina
nce.pdf
Course Packet 01
8. https://www.academia.edu/38607182/Personal_Finance_9th_edition.pdf

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Activity Sheet
Activity 01 – What makes you happy
Activity Sheet

Introduction to Personal Finance
NAME:______________________________ SECTION:____________ INTENDED FOR WEEK 2
UPLOAD YOUR ANSWER IN ACTIVITY 1 ON OUR GOOGLE CLASSROOM LOOK FOR
THE INBOX FOR ACTIVITY 1
COMPLETE THE TABLE BELOW
WHAT WELL-
What makes you How much will it BEING DOMAIN(S)
Why do these DOES THIS
happy (enumerate 5 cost you?
activities make ACTIVITY
things/activities that State None if no
you happy? CONTRIBUTE TO?
makes you happy) cost will be
incurred Physical, Financial ,
Intellectual, Social,
Emotional
Example 1: I got to come in
Having family day contact with my P500 for the meal
Social
every Sunday parents, siblings, P100 for gasoline
nieces & nephews
Example 2: It keeps me busy P50 electricity
Preparing lessons and my brain runs P50 internet Intellectual

during lesson
preparations Per day
1.
2.
3.

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Activity Sheet
4.
5.

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Assessment
Assessment 01
Assessment

GOOGLE FORMS LINK IS GIVEN ON OUR GOOGLE CLASSROOM TO SUBMIT

ANSWER ON THIS
Part A – Attitudes About Money Quiz. Google Forms will be provided to submit this.
To use this worksheet, determine how often the statements fit you.
In the blank provided, write F for frequently, S for sometimes, and N for Never.
And because your attitude can and do change, respond to these questions as you feel right now
– and go with your gut.
There is no right or wrong answer. Just be honest in answering.
No. Answer Statements
1 I’ll never have enough money
2 When I feeling down or bored I go shopping / window shopping.
3 My siblings and friends spend money faster than me
4 I dont want to go without the things I want.
5 How can I save for retirement if my future salary is small.
6 If I have cash in my wallet, I’ll spend it.
I can’t or wont be able to help my siblings for college or bring them

7
to school
8 In case of emergency, I don’t know where I can get money.
9 If I am working, I will not participate in retirement plan.
10 If I want something, I will buy it even in credit
11 I will postpone making a purchase, if I dont have cash right now.
12 I use a list when I shop and buy only those items on my list

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My family is financially okay if something happens to the

13
breadwinner or the one who is working.
Assessment
14 I feel stress about our financial status
15 I am ashamed of my clothes and home
16 I have savings or I used to save.
17 Someday I hope to retire at 65 years old or before 65
18 My lack of money makes me feel inadequate around mt friends
19 I am the one my friends turn to when they dont have money
20 I’m tired of having enough money at all times
21 I feel knowledgeable about my ability to manage money.
22 Having money, I want to settle my credit.
GOOGLE FORMS LINK IS GIVEN ON OUR GOOGLE CLASSROOM TO SUBMIT

ANSWER ON THIS
Part B – HANNAH & MORGAN. Google Forms will be provided to submit this.
Instruction: Complete Table I and II
I. HANNAH’S WELL BEING. Events that affect Hannah’s well-being
1. She stayed up until two in the morning

2. She has to work extra hours to make ends meet
3. She feels her research paper isn’t her best work
4. She likes her roommate Morgan but finds it hard to be around her since everything
seems to always go her way
5. She is struggling to find time for her boyfriend in her busy schedule
6. She can’t get Caleb to talk about things
7. She has an overly full schedule
8. She wishes she had the financial freedom to have a less stressful schedule
9. She and Caleb have been fighting a lot

10. She only has $25 left until payday in five days

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Table I . HANNAH’S WELL BEING
Human Domain Does this event have

Assessment
(Choose among a positive or negative

Activity Physical, Social, effect on Hannah’s
Intellectual, well-being?
Emotional, Financial) Write + or -
1
2
3
4
5
6
7
8
9
10
II. MORGAN’S WELL-BEING
1. She is taking two classes that she really enjoys

2. She runs every morning
3. She found out that she received a scholarship to help pay for college expenses
4. She likes and cares about Hannah
5. She has a lunch scheduled with her sister
6. She has enough money in her savings account to pay her bills for a few months if she
doesn’t find a new job right away
7. Her current job is adding a lot of stress to her life
8. She has the time and money to look for a new job
Table II . MORGAN’S WELL BEING
Human Domain Does this event have a

(Choose among positive or negative
Activity Physical, Social, affect on Hannah’s
Intellectual, well-being?
Emotional, Financial) Write + or -
1
2
3
4
5
6
7
8

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Assignment
Assignment 01
Assignment

Journal Time
As part of your final requirement (Personal Journal) prepare your reflection paper for this
lesson.
Prepare your reflection paper after each lesson. No due date yet but this will be compiled
as your personal journal. Your reflection paper must contain this
Lesson 1 : Introduction to Personal Finance / Money in One’s Life
Name:
Section:
Schedule:
My Reflection to This Lesson
……………A reflection paper is a two- to three-page essay that lets you share your thoughts
on an experience, such as a reading assignment or a class, and apply what you've learned to
your life and education. Unlike most essays, they're relatively informal, focusing on your
reactions to the experience and how you plan on applying your new knowledge.
Organization, unity of ideas, and the use of clear examples are all keys to creating a
successful reflection essay.
……………………………………………………………………………………………………………
……………………………………………………………………………………………………………
……………………………………………………………………………………………….
Signature over printed name
Date Prepared

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Learner’s Feedback Form

Name of Student: __________________________________________________________

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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Learning Module
Understanding
Personal Finance
Course Packet 02
Financial
Planning

Learning Module Code : LM01- BAEL0113
Course Packet Code : LM01- BAEL0113-02

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Course Packet 02
Course Packet 02
Financial Planning
Introduction
This course packet will cover discussions about financial decisions and goals, development of
financial goals and strategies to achieve those goals. The discussion will begin with the factors
that influences our values because these values contribute to the decisions we made. A
discussion for the economic factors that affect financial planning is given emphasis.
Objectives
At the end of the lesson the student would be able to:

1. Identify factors that affect personal financial decisions
2. Develop financial goals
3. Explain opportunity costs associated with personal financial decisions
4. Identify strategies for achieving financial goals
5. Understand how the economy affects personal financial success
6. Demonstrate understanding of the different economic systems, capitalism,
communism and socialism
Google Classroom
Duration
· Topic 02: Personal Financial Planning = 5 hours

(4 hours self-directed learning with practical exercises ,activities and assessment 1 hour online class)
Delivery Mode
Blended Learning
Preparation of SMART Financial goals

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Level Criteria
41-50 • Shows substantial knowledge of the topic
Course Packet 02
31-40 • Shows some knowledge of the topic
21-30 • Shows little knowledge of .the topic
1- 20 • Shows no knowledge or incorrect knowledge of the

topic.
Additional 5 points will be given for output submitted on time
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.
Readings
Refer to your google classroom for the copy of Instructional Materials – 02 and readings
applicable to this topic.

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FINANCIAL PLANNING
Course Packet 02
Introduction
Personal finance is everything in your life that involves money. Personal financial planning is
arranging to spend, save, and invest money to live comfortably, have financial security, and
achieve goals. Everyone has different financial goals. Goals are the things you want to
accomplish.
Planning you personal finances is important because is will help you to reach your goals, no
matter what they are. It is up to you to make and follow a financial plan.It is up to you to make
and follow your financial plan.
Some of the benefits of planning are:
• You have money and and financial security

• You know how to use your money to achieve your goals
• Your have less chance of going into debt you cannot
handle
• You can help your partner and support your
children (if you are married)
Answer the short exercise before proceeding with the content. This is not graded. This will
help you determine your knowledge about the subject matter.
Pre Assessment
Financial Planning
NAME:______________________________ SECTION:__________ INTENDED FOR WEEK 3-4
I. TRUE OR FALSE
On the spaces provided for, write the word WOW if the statement is correct and VOW if
incorrect.
1 Personal finance concepts can be used in business and public finance as well.
Finance or financing may refer to obtaining funds or capital for business or
2
personal use.
Personal finance concepts are exclusive for personal/ family or household
3
used only.
Finance is the system that includes the circulation of money, the granting of
4
credit, the making of investments, and the provisions of banking facilities.
5 Activities with positive characteristics will make us happy.
6 Activities that make you feel successful will make us happy.
7 Activities that provides meaning to our lives make us happy.
8 A happy person is a high well - being person.

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We should balance our activities into the different domains to attain high
9
well being
10 We should love what we do and find meaning in life to make us happy.
Course Packet 02
11 Routine decisions and major decisions can be both experience by students.

12 Major decisions are easier to process than routine decisions.
13 The elements of goals is Specific, Marginal, Attainable, Realistic, Time bound
14 Time bound means infinite time for attaining goals.
I will buy a 240 sq m land in Camella Bataan this financial goal is specific and
15
measurable
See answer key at the end of this course packet
Lesson Proper
PERSONAL FINANCIAL PLANNING

Topics:
1. Financial Decisions and Goals
2.Factors that contribute to the decisions we made
3. Making Financial Decisions
4. Setting financial goals
5. Elements of a successful financial goal.
6. Economic Conditions and -Financial Planning
7. Economic Systems
Review
Lesson 1 helps us understand the basic concepts in personal finance. We understand already
the role of money in our lives and how we could develop a high well-being. The concepts in
finance will be applied in making financial decisions which is discussed in this lesson.
Activity
Identification of needs and wants

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Course Packet 02
Before we continue let us first identify if the given above is a NEED OR WANT
Brief Lesson
Reminder: Instructional Material 02 and other readings are found on your google class

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Economic Systems
Classification Characteristics
Capitalism Capitalism refers to that economic system in which
Course Packet 02
the means of production, consisting of land and

tangible goods, are owned privately.
Communism The direct opposite of capitalism is communism
where the means of production are owned by the
society as a whole.
Socialism Midway between capitalism and communism is
socialism, where the state owns only the essential
industries
Table 1
Economic Condition and Financial Planning
Economic
What it measures How it influences Financial Planning
Condition
If consumer prices increase faster than
average wages, the value of peso
Consumer The value of dollar/peso, decreases-a peso buy less than it did
Prices changes in iinflation before. Consumers tend to buy fewer
goods and services. Lenders charge
higher interest rates
Increase consumer spending usually
Demand for goods and
Consume creates more jobs and higher wages
services by individuals and
Spending Reduced consumer spending causes
households
unemployment to increase.
Cost of money, cost of credit Higher interest rates make borrowing
when you borrow, and the money more expensive and make saving
Interest
return on your money when more attractive. When interest rates
you save or you invest. increase, consumer prices tend to increase
The government sometimes adjust the
interest rates in order to increase or
The dollars available for decrease the amount of money circulating
Money supply
spending in our economy. in the economy. Lower interest rates,
money supply increases. Higher interest
rate money supply decreases.
The number of people
High unemployment rate reduce
Unemployment without jobs who are
consumer spending
willing and able to work
The dollar value of all
Gross domestic goods and services The GDP provides an indication of how
Product (GDP) produced in a country in well people are living in a country
one year

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Enhancement Activity.
Answer Ativity Sheet 02

Course Packet 02
Note: Refer to your google class. Read your Instructional Materials 02 and other readings
Generalization
How can goal setting help you manage your money?
_______________________________________________________________________
______________________________________________________________________
Application.
Refer to your Assessment Sheet 02
To be provided in google class or during scheduled online class.
Post-Assessment
assessment test/quiz for the topic which will be in Google form and shall be available only

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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!
Course Packet 02
Answer Key.
Pre-Assessment
All statement are True (Wow) except 3, 12, 13, 14,15
References
Books
1. Alminar-Mutya, Ruby F. , Basic Business Finance Management Approach, 2013

2. Pagoso, Cristobal M., Money Credit and Banking; 2010 Edition
3. Samuel C. Weaver Strategic Financial Management, Application for corporate
Finance 2012
4. Ma. Elenita Balatbat Cabrera, Financial Management Principles and Applications
2012
Online Resources
5. http://www.yourarticlelibrary.com/financial-management/financial-
decisions/financial-decisions-concept-and-factors-influencing-it/71186
6. https://www.slideshare.net/mbachnak/setting-financial-goals-presentation
7. https://www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-
your-money
8. http://nextgenpersonalfinance.org/resource-lists-financial-educators-courtesy-
barbara-oneill-rutgers-cooperative-extension/
9. Finance https://www.investopedia.com/terms/f/finance.asp#ixzz5LkefF1Rn

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Activity Sheet
Activity 02
Activity Sheet

Financial Planning
Part A – Google Forms will be provided to submit this.
IDENTIFICATION . Google Forms will be provided to submit this.
Identify the term referred to by the following statements.
1. The most liquid of all business or personal assets.________________

2. The value of the next best alternative that must be forgone as a result of a decision
3. Creating a step by step plan outlining exactly how the goal can be reached. This
element of goal is under ___________________
4. Stating financial goals in exact peso amount . This element of goal is under
_______________
5. Specifying what one needs to achieve making it clear and specific. This element of
goal is under _______________
6. Specific objectives that are accomplished through financial planning._____________
7. Managing money well is critical to increasing a person’s __________________
8. Economic system in which the means of production, consisting of land and tangible
goods, are owned privately___________
9. Economic System used in our country_______________
10. Midway between capitalism and communism is socialism, where the state owns only
the essential industries_________________
11. Increase in prices of commodity__________________
12. Increase in purchasing power means you can buy more products with the money you
have. True or False_____________________
13. Increase in purchasing power means you can buy lesser products with the money
you have. True or False_________________
14. When interest rates increase, consumer prices tend to increase. True or
False__________________
15. High unemployment rate reduce consumer spending. True or
False__________________
16. The end result of something a person intends to acquire, achieve, do, reach, or
accomplish sometime in the near or distant future___________
17. Time period is irrelevant in goal setting. True or False ___________
18. What/who influences your values? 18 __________, 19 ___________, 20 ____________

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Assessment
Assessment 02
Assessment

Financial Planning
Google forms will be given to submit this assessment
A. Prepare your own smart financial goal showing all the elements of
successful goal.
Your Personal Financial Goal

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Assignment
Assignment 02
Assignment

Financial Planning
Journal Time
lesson.
Lesson 2: Financial Planning
Name:
Section:
Schedule:
My Reflection to This Topic
…A reflection paper is a two- to three-page essay that lets you share your thoughts on an
experience, such as a reading assignment or a class, and apply what you've learned to your life
and education. Unlike most essays, they're relatively informal, focusing on your reactions to
the experience and how you plan on applying your new knowledge. Organization, unity of
ideas, and the use of clear examples are all keys to creating a successful reflection essay.
……………………………………………………………………………………………………………
……………………………………………………………………………………………………………
………………………………………………………………………………………………………….
Date Prepared

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Name of Student: __________________________________________________________
Program : __________________________________________________________
Faculty : __________________________________________________________
Schedule : __________________________________________________________

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

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0113
Learning Module
Understanding
Personal Finance
Course Packet 03
Time Value
of Money

Learning Module Code : LM01- BAEL0113
Course Packet Code : LM01-- BAEL0113-03

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Course Packet 03
Course Packet 03
Time Value of Money

Introduction
The topic will cover a. Review of Simple Interest Computation. , Time value of money concept
and basic idea in TVM, Computation of Compound Interest, Future Value and Present Value
will be presented.
Different exercises are provided for student’s understanding of the topic.
Objectives
At the end of the lesson the student would be able to:

1. Adopt the concept of time value of money in making financial decisions
2. Illustrate formulas related to simple interest
3. Compare and contrast simple interest and compound interest
4. Perform solving in compound interest problems
Google Classroom
Duration
· Topic 3 : Time Value of Money = 4 hours

(3 hours self-directed learning with practical exercises, 1 hour online class)
Delivery Mode
Blended Learning
Assessment
Problem Solving
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.
Readings

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Refer to your google classroom

TIME VALUE OF MONEY
This lesson will discuss a very important finance concept which is time value of money.
Course Packet 03
The time value of money (TVM) is a useful tool in helping you understand the worth of money
in relation to time. It is a formula often used by investors to better understand the value of
money as it compares to its value in the future.
The time value of money is important because it allows investors to make a more informed
decision about what to do with their money. The TVM can help you understand which option
may be best based on interest, inflation, risk and return. It can also be used to help you
understand how much money to save in an account if you have a certain goal in mind,
Answer the short exercise before proceeding with the content.

This is not graded. This will help you determine your knowledge
about the subject matter.
Pre Assessment
Time Value of Money
Simple interest
A. Finding the Exact Interest and Ordinary Interest
Principal Rate Time Exact Interest Ordinary Interest

1. 350,000 11% 100days ___________ ___________
2. 125,000 10.5% 241days ___________ ___________
3. 10,000 9½% 60 days ___________ ___________
Formulas Alerts:
I = Principal x rate x time
When using the
Exact Interest = P x r x t / 365 days rate always
convert it into
Ordinary Interest = P x r x t / 360 days decimals by
moving the
B. Finding the Interest decimal point two
places to the left.
Interest = P x r x t
P = I / rt r = I / Pt t = I / Pr In using
Interest = P x r x t
Reminder
When using the rate always convert it into decimals by if Time is in
moving the decimal point two places to the left. months divide by 12
if Time is in days
divide by 360

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if Time is in months divide by 12 , if Time is in days divide by 360

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P r t
Principal Interest Rate Time Interest
1. 40,000 8% 2 years ____________
2. 500,000 12.7% 18 months ____________
3. 67,500 5½% 7 months ____________
4. 550,000 10 ¾ % 6 months ____________
5. 780,000 15% 3 ½ years ____________
See answer sheet at the end of this packet..
TIME VALUE OF MONEY
Lesson Proper
Based on our last topic financial planning will help us make financial goals and develop
strategies to achieve these goals. In making financial decisions the concept of time value of
money is very important to make informed judgements.
This lesson introduces the important business concept, the time value of money. The concept
of time value of money is one of the cornerstones on which most financial theory is based. The
time value of money says that a peso received today is worth more than a peso received
tomorrow. This is true because a peso received today can be invested to earn interest. Interest
can be appreciated from two different viewpoints:
➢ Interest is the compensation that an investor receives for lending his money.
➢ Interest is the price that a borrower must pay for credit.
Activity:
1. Captain Ri is planning to invest P100,000 today year 2020. He can borrow the fund from a
bank that charges 20% per annum, The investment offered to him will have the following
return/income:
a. Return of P100,000 5 years from now.
b. Return of P200,000 5 years from now
c. Return of P30,000 per year for 5 years
d. Return of P20, 000 year 1, P30,000 year 2, and P40,000 for years 3, 4 and 5
Which of the investment options is the best for Captain Ri.? Why
______________________________________________________________

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• Brief Lesson.
Key Points:
Course Packet 03
The basic idea underlying the time value of money can be

Key Point 01
expressed in different ways:
A peso available
➢ A present value is always less than a future amount. today is always
➢ A future amount is always greater than a present value. worth more than a
➢ A peso available today is always worth more than a peso that peso that does not
become available
does not become available until a future date.
until a future date
➢ A peso available at a future date is always worth less than a peso
that is available today. Key Point 02
Simple interest is
interest paid on the
COMPOUND INTEREST
principal only.
Compound interest is another common method of computing for Compound interest
the interest. This method, in contrast to simple interest, computes yields considerably
interest more than once during the term of the loan or investment. higher interest than
simple interest
To recapitulate, simple interest is interest paid on the principal only.
because the investor is
Compound interest yields considerably higher interest than simple earning interest on
interest because the investor is earning interest on the interest. the interest.
.
COMPOUND AMOUNT or FUTURE VALUE
The process of finding a compound (or future value) when a present value is known is called
compounding.
Compound interest is the difference between the compound amount and the original principal.
The period for computing interest usually at regular stated intervals such as annually, semi-
annually, quarterly, or monthly, is called the compounding period. The interest rate per
compounding period is equal to the nominal (annual) interest rate divided by the number of
compounding periods in one year.
Manual Calculation of Compound Amount and Interest
Illustration 1 : Alda Aldora invested P5,000 in a passbook savings account at 12% interest
compounded annually, for 2 years.
How many times will Alda compute the interest for the entire term?
What will be the interest rate per compounding period?
Assumption 1 :
12% interest compounded annually, for 2 years.
This means that interest will be computed once a year, 2 times for the term of 2 years

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1 time per year, 2 years = making it 2 times
Rate = 12% annually (12% / 1 )

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Assumption 2 :
12% interest compounded semi-annually, for 2 years.
This means that interest will be computed twice a year, 4 times for the term of 2 years
2 times per year (every 6 months) , 2 years = making it 4 times
Rate = 6 % semiannually (12% / 2 )
Assumption 3 :
12% interest compounded quarterly, for 2 years.
This means that interest will be computed four times a year , 8 times for the term of 2 years
4 times per year, (every 3 months) 2 years = making it 8 times
Rate = 3 % quarterly (12% / 4 )
Assumption 4 :
12% interest compounded monthly, for 2 years.
This means that interest will be computed 12 times a year, 24 times for the term of 2 years
12 times per year,(every month) 2 years = making it 24 times
Rate = 1 % monthly (12% / 12 )
Finding the compound amount – Manual/ Long Method
Illustration 2 : Alda Aldora invested P5,000 in a passbook savings account at 10% interest
compounded annually, for 2 years. Compute for the compound amount and compound interest.
To solve this compound interest problem manually, the simple interest formula I=PRT is
applied twice, because there are two compounding periods (2 years x 1 period per year). Note
how the interest from the first period is reinvested or added to the original principal to earn
interest in the second period.
Original Principal P5,000
Interest-Period 1 + 500 (5,000 X .10 X 1)
Principal-Period 2 5,500
Interest-Period 2 + 550 (5, 500 X .10 X 1)
Compound Amount P6,050

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Every year a 10% interest will be charged
Finding the compound interest

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With the compound amount already known, the compound interest is computed by deducting
the original principal from the compound amount,
Compound amount P6,050
Principal -5,000
Compound Interest Earned P1,050
Had Alda’s P5,000 investment earned simple interest, certainly, it would have earned less.
Using the simple interest formula
I=PRT, simple interest equals P1,000 (5,000 x 10 x 2 ). Hence, it is P50 less than the compound
interest earned.
Illustration 3 : Alda Aldora invested P5,000 in a passbook savings account at 10% interest, compounded
semi-annually, for 2 years. Compute for the compound amount and compound interest.
Finding the compound amount and compound interest
METHOD 1 - Manual/ Long Method
To solve this compound interest problem, again, the simple interest formula is applied. But this
time, it is applied four times because there are four compounding periods (2 years x 2 periods
per year).
10% / 2 = 5% or .05
Original Principal P5,000.00
Interest –Period 1 + 250.00 ( I =PRT =5,000.00 x .05)
Principal Period 2 5,250.00
Interest Period 2 + 262.50 ( I =PRT =5,250.00 x .05)
Interest Period 3 + 275.63 ( I =PRT =5,512.50 x .05)
Interest Period 4 + 289.41 ( I =PRT =5,000.00 x ..05)
Compound Amount P6,077.54
Compound Amount P6,077.54
Principal - 5,000.00
Compound Interest Earned P1,077.54

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For the same investment variables, semi-annual compounding yields P27.54 more than annual
compounding:
Course Packet 03
Interest at semi-annual compounding P1,077.54

Interest at annual compounding -1,050.00
P 27.54
Remember:
Thus, it may be concluded that given the same investment information, more compounding periods
means more interest earned.
Finding the compound amount and compound interest Key Point:

METHOD 2 - Using The Compound Amount Formula- Short Method
Given the same
The compound amount formula is written as investment
A = 𝑷 (𝟏 + 𝒊)𝒏 information, more
compounding periods
The result of ( l + i ) n is called the future value factor. (FVF) means more interest
earned.
Where
A = Compound amount or future value Definition of Terms:
P = Present value or principal Nominal Rate: the
i = interest rate per period, expressed as a decimal annual interest rate
n = Total compounding periods
The chart below serves as a guide in finding the number of compounding periods per year.
Interest Compounded Compounding Made Compounding

Periods per Year
Annually Every year 1
Semi-annually Every 6 months 2
Quarterly Every 3 months 4
Monthly Every month 12
Daily Every day 365
The interest rate per period is found by dividing the nominal interest rate by the number of compounding
periods per year. For example, if money is invested at a nominal rate of 14% compounded semi-annually,
the interest rate per period is 7% or( 14% nominal rate ÷2 compounding periods per year = 7%).
This means every 6 months the interest to be used is 7%

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Activity
Course Packet 03
Use your activity sheet – Part A
The table below is useful tool in determining the interest rate per period and total number of
compounding periods. Complete the table below
A B C D i n
A divided by D B times D
Nominal Time in Interest Compounding Interest Rate Total number

Interest Years Compounded Periods per per of
Rate year Compounding compounding
Period periods
% & decimals
9% 10 Annually 1 time 9% or .09 10 times
12% 5 Semi-annually 2 times
16% 2 Quarterly 4 times
18% 3 Monthly 12 times
To solve for the compound amount and interest, the interest rate per period and the number of
compounding periods are first determined.
Interest rate per period i = Nominal Rate

Periods per year
Compounding periods n = # of Years x Periods per year

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Application off Method 2:
Illustration: Use the compound amount formulas to compute for compound amount and
Course Packet 03
compound interest of P5,000 invested at 10% interest compounded semi-annually
Interest rate per compounding period = Nominal Rate

i Periods per year
i = 10% / 2 = 5% or .05
Compounding periods n = years x Periods per year
n= 3 years x 2 = 6
A = 𝑷 (𝟏 + 𝒊)𝒏
A=5,000 (1+.05) 6
A=5,000 (1.05) 6
A=5,000 (1.3400956) = 6,700.48
This is called the FVF Future Value factor You can round this off to 4 decimal places
only 1.3401
Compound Amount 6,700.48
Principal 5,000
Compound Interest 1,700.48
METHOD 3 - Using The Future Value Table (Use Table A-1 uploaded on your gcogle
classroom)
To solve for the compound amount and interest, the interest rate per period and the number of
compounding periods are first determined.
Interest rate per period i = Nominal Rate

Periods per year
Compounding periods n = # of Years x Periods per year
Illustration: Use the compound amount formulas to compute for compound amount and
compound interest of P5,000 invested at 10% interest compounded semi-annually

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Interest rate per compounding period = Nominal Rate Key Point:

i Periods per year Method 1, 2, 3
i = 10% / 2 = 5% or .05 Resulted to the
Course Packet 03
same compound
amount or maturity
Compounding periods n = years x Periods per year value and the same
n= 3 years x 2 = 6 compound interest
also. Differences in
n=6 i = 5% or .05 centavos are
Using The Future Value Table (Use Table A-1) brought by
rounding off and
locate (period) n = 6 when i = 5% number of digits
Full copy of table was uploaded in our google classroom retained
1.3401 is the Future Value Factor
Compound Amount = 5,000 ( 1.3401) = 6,700.50
Principal 5,000
Compound Interest 1,700.50
Note:
Method 1, 2, 3 Resulted to the same compound amount or maturity value and the same
compound interest also. Differences in centavos are brought by rounding off and number of
digits retained.

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The compound amount or future value formula is written as
A = 𝑷 (𝟏 + 𝒊)𝒏
Course Packet 03
Where
A = Compound amount or future value
P or PV = Present value or principal
i = interest rate per period, expressed as a decimal
n = Total compounding periods
P6,700.48 is the future value P5,000.00 is the present value
They are actually the same but happened at different time
Formulas
1. Future Value
A= P(l+i)n The result of ( l + i ) n is called the future value factor. (FVF)
2. Present value
1st formula 2nd formula
PV = A / ( l + i ) n PV = A ( l + i ) –n
The result of ( l + i ) –n is called the present value factor. (PVF)
Illustration 3 . Assume that you will invest P5.00 today for a machine. The prevailing interest
rate in the market is 20% per annum and that investment will give you P1.00 per year for 5
years, its economic life.
If you will not consider time value of money you might say that your investment of P5.00 will just
give you P5.00 ( 5 yrs. X 1).
But considering time value of money it’s actually a lost
Using the PV formula
Present value
1st formula PV = A / ( l + i ) n 2nd formula PV = A ( l + i ) –n
5 years so use n as 1,2,3,4,5 i = 20%

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(Any of the 2
Cash inflows formulas) Present Value of
The amount your will Present Value Cash Inflows
Course Packet 03
Year 1
receive each year Factor C
A B (A x B)
1 1.00 (1.20)-1 =.8333 .8333
2 1.00 (1.20)-2 =.6944 .6944
3 1.00 (1.20)-3 =.5787 .5787
4 1.00 (1.20)-4 =.4823 .4823
5 1.00 (1.20)-5 =.4019 .4019
Total Present value of cash inflows 2.9906

Present Value Factor Present Value Factor
1/(l+i)n ( l + i ) –n
(1.20)-1 = .8333
1 / ( l.20 ) 1 = 1/ 1.2 = .8333
1 / ( l.20 ) 2 = 1/ 1.44 = .6943 (1.20)-2 = .6944
1 / ( l.20 ) 3 = 1/1.728 = .5787 (1.20)-3 = .5879
1 / ( l.20 ) 4 = 1/2.0736 = .4823 (1.20)-4 = .4823
1 / ( l.20 ) 5 = 1/ 2.48832 = .4019 (1.20)-5 =.4019
Another way to find the present value factor is to use Table A-3 uploaded in google classroom

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What does P2.9906 mean? , you will think that you will have a total of
P5.00 (5yrs x P1.00) but it is actually P2.99 only considering the time
Course Packet 03
value of money
On a timeline
FUTUREVALUE
Year 1 -2022 Year 2 - 2023 Year 3-2024 Year 4=2025 Year 5 = 2026
Today year
You will You will You will You will You will
2021 you will
receive receive receive receive receive
invest P5.00
P1.00 P1.00 P1.00 P1.00 P1.00
P .8333
.6944
.5787
.4823
.4019
P 2.9906
That is P1.00 to be received year 2022 but today it’s only P.8333
That is P1.00 to be received year 2023 but today it’s only P.6944
Enhancement Activity
Use your activity sheet – Part B
1. What is the present value of P1.00 to be received after a year if money is worth. Those with
Scientific calculator try to use the 2 formulas and compare it to Table A-3. Remember your n is
equal to 1

Rate
Present Value Factor Present Value Factor Using Table A-3
i
1/(l+i)n ( l + i ) –n
a. 10%?
b. 25%
c. 30%
d. 8%
e. 5%

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f.12%
Course Packet 03
Answer also Activity 03 Part C of your Activity Sheet
• Generalization.
You have to write a personal synthesis of the topic/lesson, or a reflection to process what you
have learned from the lesson.
You can examine the low investment franchise offered now days
• Application.
Refer to your Assessment Sheet 01
None
Post-Assessment
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!
Annexes
• Answer Key.
Pre-Assessment

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Course Packet 03
• References
1. Saunders, Anthony and Cornett, Marcia Millon, Financial Markets and Institutions 7 th
Edition, 2019
2. Samuel C. Weaver Strategic Financial Management, Application for corporate
Finance 2012
3. Ma. Elenita Balatbat Cabrera, Financial Management Principles and Applications
2012
4. Edna L. Buenaventura, Steve Dela Cruz, Ryan Nepomuceno Business Mathematics
2010
5. Winston S. Sirug, Ph.D.,Business Mathematics 2010
6. Ballada, Win and Ballada, Susan, Investment Mathematics, 4th edition, 2013
7. Asuncion C. Mercado Del Rosario, Investment Mathematics, , 6th edition 2009

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Activity Sheet
Activity 03
Activity Sheet

Time Value of Money
Part A
The table below is useful tool in determining the interest rate per period and total number of
compounding periods. Complete the table below
A B C D i n
A divided by D B times D
Nominal Time in Interest Compounding Interest Rate Total number

Interest Years Compounded Periods per per of
Rate year Compounding compounding
Period periods
% & decimals
9% 10 Annually 1 time 9% or .09 10 times
12% 5 Semi-annually 2 times
1. What is the present value of P1.00 to be received after a year if money is worth. Those with
Scientific calculator try to use the 2 formulas and compare it to Table A-3. Remember your n is
equal to 1

Rate
Present Value Factor Present Value Factor Using Table A-3
i
1/(l+i)n ( l + i ) –n
a. 10%?
b. 25%

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c. 30%
Activity Sheet
d. 8%
e. 5%
Part C
A. Finding the Number of Compounding Periods (n)

No. of
Future Interest Compounding
Principal Term
Value Compounded Periods
n
1. 50,000 114,860 3 ½ years Semi-monthly ___________
2. 100,000 630,000 9 ½ years Annually ___________
3. 25,000 29,600 4 years Quarterly ___________
4. 2,000 7,000 30 years Annually ___________
5. 400,000 916,800 4 ¼ years Monthly ___________
B. Finding the interest rate per period (i)
Future Interest Interest Interest Rate

Principal Rate
Value Compounded Per Period
1. 30,000 46,890 18% Semi-monthly ___________
2. 80,000 105,000 6% Annually ___________
3. 20,000 32,380 14% Monthly ___________
4. 40,000 90,000 9% Annually ___________
5. 50,000 87,050 8% Quarterly ___________

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Assessment
Assessment 03
Assessment

Time Value of Money
Part A - Table 1 Complete the table below
Total Number
Time of Interest Periodic of
Annual Rate
Loan Compounded Rate Compounding
Periods
1. 9% 2 Monthly
2. 12% 3 Quarterly
3. 9% 4 Semi-annually
4. 8% 5 Annually
5. 6% 8 Monthly
Table 2 - Future Value & Present Value Factor
Future Value
(1+i) n or Table A-1
Present Value
1st formula 2nd formula or Table A-3
PV = A / ( l + i ) n PV = A ( l + i ) –n
n=1
i (interest rate per FUTURE VALUE PRESENT
compounding period (in FACTOR VALUE
percent) FACTOR
9% 1. 6.
15 2. 7.
24 3. 8.
7 4. 9.
11 5. 10.
B. Word Problems – Compute for what is asked.
1. Kristen puts P50,000 into an account to use for school expenses. The account earns 4% interest
compounded annually. How much will be in the account after 6 years?
2. What amount should be deposited in a savings account today, in a bank paying 12%
compounded quarterly, in order to accumulate P400,000 in the account 5 years from now?

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3. Mrs. Kabogin owes me P50,000 due now. He offers to pay the principal plus accumulated
interest at a rate of 8% at the end of three years. I insist on charging 8% compounded quarterly.
How much is the difference between the two offers?
Assessment
4. At birth of a child, what sum should his father invest in order to provide the child with
P100,000 at the age of 15 if money earns 6% compounded semi-annually?
5. The first credit card you got charges 24% interest to its customers and compounds that
interest monthly. Within one day of getting your first credit card, you max out the credit limit
by spending P20,000. If you do not buy anything else on the card and you do not make any
payments, how much money would you owe the company after 6 months?
6. Find the present value of P95,000, if the interest rate is 16% compounded quarterly, for 10
years
7. Find the present value of P150,000 due at the end of 5 years if money is worth (a) 20%
compounded quarterly and (b) 24% compounded semi-annually. How much is the
compound interest in each case?
8. Charito has P100,000 at the end of three years in her mutual fund investment. The
interest rate is 36% compounded monthly. How much did she deposit in the account
three years ago?
9. If P500,000 is due seven years from now and money is worth 22% compounded semi-
annually, find the present value and the compound interest.
10. What principal will accumulate to P360,000 in four years at 4% compounded quarterly?

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Assignment
Assignment 03
Assignment

Time Value of Money
Journal Time
lesson.
Lesson 2: Time Value of Money
Name:
Section:
Schedule:
My Reflection to This Topic
……………………………………………………………………………………………………………
……………………………………………………………………………………………………………
…………………………………………………………………………………………………………….
Date Prepared

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Name of Student: __________________________________________________________
Program : __________________________________________________________
Faculty : __________________________________________________________
Schedule : __________________________________________________________

_____________________________________________________________________________
_____________________________________________________________________________
__________________________________________________________________________

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_____________________________________________________________________________
__________________________________________________________________________

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2021 PERSONAL FINANCE - Module 1 LP 1-3

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LM01-BAEL

Knowledge Area Code : BSBA

Published by the Bataan Peninsula State University

Learning Module Development Team

CARINA D. MOISES, Assistant Professor 3

Olivia H. Perdio, Associate Professor 4

Quality Management Team:

Jesselyn C. Mortejo, EdD

Emmanuel C. Macaraeg, PhD, CESE

Learning Module: Personal Finance ii

Learning Module: Personal Finance iii

Message Board Netiquette and Guidelines

Learning Module: Personal Finance iv

Ms. Moises is a holder of NC II in Bookkeeping and Capital Market Institute of Teaching

A graduate of BSA-Bachelor of Bachelor of Science in Accountancy (1996) at BPSU. She finished

Learning Module: Personal Finance v

Learning Module: Personal Finance vi

Key Learning Competencies

Upon completion of the course, the students should be able to :

1. Demonstrate understanding of finance concepts and economic factors that affect

Learning Module: Personal Finance 1

Personal Finance HRM1A WF 9:00 - 10:30 bp2nrcj

• Name of Faculty: Ms. Carina D. Moises

Learning Management System

Assessment with Rubrics

Final Examination – Week 18, Coverage Course Packet 5-10

Final Requirement with Rubrics

It must contain an Introduction, Body, Applying What You've Learned / Conclusions

Learning Module: Personal Finance 2

Advanced Proficient (31- Developing (21- Beginner

(41-50) 40) 30) (10- 20)

*.The reflection *The reflection

Learning Module: Personal Finance 3

Class Standing Percentage Midterm Final

Midterm Grade (50%) + Final Grade

Learning Module: Personal Finance 4

Minimum Technical Skills Requirement

English oral and communication skills

Learning Management System

Module Requirement with Rubrics

Learning Module: Personal Finance 5

Knowledge Area Code : BSBA

1. Demonstrate understanding of finance concepts

Learning Management System

· Topic 01: Introduction to Personal Finance = 3 hours

Asynchronous through Google Classroom

Assessment with Rubrics

Application of the Lesson thru activities conducted by different persons

Learning Module: Personal Finance 1

Learning Module: Personal Finance 2

INTRODUCTION TO PERSONAL FINANCE

2. Corporate finance is primarily concerned with maximizing shareholder’s value

Learning Module: Personal Finance 3

4. Personal finance is the deliberate manipulation of revenues and expenditures of

8. Economics is the branch of knowledge concerned with the production,

9. Knowledge of economics and accounting is irrelevant in finance.

10. Personal finance concepts can be applied in business organizations.

See answer sheet after the topic.

Learning Module: Personal Finance 4

“The most important investment you can make is yourself.”

The second quote is:

Note: There is no right or wrong answer.

Let us see …………………..The first quote is:

.The reflection The reflection