1

Table of Contents
I. Introduction
○ Purpose of Financial Plan
II. Macroeconomic Basics
○ Explanation of Macroeconomic Concepts
○ Linkage with Personal Financial Management
III. Financial Goals
○ Short-term and Long-term Goals
○ Alignment with Global Economic Trends
IV. Income
○ Current Income Overview
○ Macroeconomic Impact on Income
V. Monthly Expenses
○ Classification and Analysis of Expenses
○ Cost Reduction and Budget Management
VI. Saving and Investment
○ Saving Strategies
○ Secure Investment Approaches
VII. Debt Management
○ Assessing Debt Situation
○ Effective Repayment Strategies
VIII. Insurance
○ Choosing Insurance Options
○ Applying Macroeconomic Understanding to Risk Mitigation
IX. Adapting to Changes
○ Developing Strategies for Market Fluctuations
○ Adjusting Financial Plans as Necessary
X. Conclusion and Evaluation
○ Summary of Financial Plan
○ Next Steps and Periodic Evaluation Schedule

Imagine your financial plan as a friend on your colorful college journey. It’s not just a tool, but
also a friendly buddy, always making sure you spend your money wisely. This plan will be your close
friend, helping you manage your budget smartly, whether it’s for school, living costs, or even fun
things. It helps you prepare for the future, save little by little for later, and be ready for any
unexpected costs. With this financial plan, you can enjoy student life without worrying too much
about money. Let’s discover how this plan can become an essential companion, making your student
days great!
Firstly, let's explore the concepts of Global Economy in a simple manner together. These are not
complex details, but an overall view of how the economic system works. Imagine it as understanding
the picture on which your financial story unfolds. Be ready for a clear, concise and crucial overview
for anyone.
Next, we'll probe into the Connection between these Global Economic Concepts and the practical
aspects of Personal Financial Management. This is like linking theory and practice, understanding
how global economic trends affect your daily financial decisions. This is essential comprehension for
anyone studying finance.
Short-term goals are usually plans you intend to achieve within a few months or a year. For instance,
accumulating savings for a short-term trip or paying off a small debt could be short-term objectives.
For these goals, being flexible and managing finances effectively in the short run is important.

2
 Long-term goals, conversely, set out plans and intentions for the future. This could include saving
for a house purchase, investing in education, or building a stable and enduring income source. To
achieve these long-term goals, you need a long-term commitment and a strategic plan.
While constructing and setting financial objectives, considering them with global economic
trends is of utmost importance. This includes evaluating how global economic factors, like energy
price volatility, global financial market fluctuations, or inflation, could affect your ability to achieve
your goals.For example, if signs of a global economic recession begin to appear, you might need to
adjust your financial goals to reflect the actual situation. Conversely, in a growing market, you may
want to capitalize on investment opportunities to reach your long-term goals more rapidly.The
correlation between financial goals and global economic trends helps you construct a flexible and
adaptable plan, making your goals more feasible in any economic conditions.
For students receiving financial aid from their parents with an income of about 5 million VND
per month, managing finances becomes a challenge that requires strategic and flexible measures. An
overview of monthly income and expenses sets out important steps to maintain a balanced financial
life.
The first step is to evaluate the overall income and identify the main source from their parents and
other supports. This helps students recognize the available financial resources to manage.
Simultaneously, understanding the impact of global economic volatility is important to prepare for any
income fluctuation.
In terms of monthly expenses, classifying and analyzing expenditure is the key aspect. With an
income of 5 million VND, students should clearly identify basic expenses such as food,
transportation, education and entertainment. Expenditure analysis helps them adjust the limited
income according to their specific demands.
Minimizing costs and budgeting is a critical strategy, especially with limited income. Students
might consider areas of saving such as food, entertainment, and shopping. Designing a budget helps
maintain a balanced and effective financial lifestyle.
Specific financial strategies should include expenditure prioritization, planning for emergency reserve,
and setting short and long-term goals. This helps students maintain financial stability and gradually
achieve their personal objectives.
Understanding of savings and investments in personal financial management is an integral part of
the sturdy journey towards financial goals. Amid fluctuations, applying safe savings and investment
strategies is the key to protecting and developing assets.
When we talk about savings, it is not just about keeping a portion of income that we receive each
month. It is a strategy, an organized approach to ensure that we are capable of facing financial
challenges and to create a foundation for financial stability.
Along with savings, secure investments are a crucial part of personal financial strategy. Investments
not only offer the opportunity of income enhancement but also help generate a backup cash stream.
However, choosing a safe investment method is a challenging decision that requires profound
understanding and sensitivity towards global economic factors.
Debt management is an indispensable aspect in the financial journey. Carefully evaluating the debt
situation and building an effective debt repayment strategy helps reduce financial pressure and brings
comfort for the journey ahead.
Meanwhile, insurance plays an important role in protecting assets and minimizing financial risks.
Choosing an appropriate insurance plan and applying understanding about the global economy helps
construct a comprehensive protection strategy.
Planning personal finance for students with limited income requires strategic and flexible
measures. Integrating macro knowledge helps students understand the link between global economy
and personal finance management.
Short- and long-term financial goals, which include savings, debt repaying and investments, are
flexibly associated with global economic situations. Assessing monthly income and expenses helps
manage financial resources, whereas savings and investment strategies, based on understanding about
the global economy, create opportunities for income increase and assets protection.
Debt management and insurance choice help minimize risks, securing financial stability. Finally,
adaptive strategies maintain stability under all conditions. Personal finance planning is not just a

3
numeric table, but flexible strategies, helping maintain balanced financial life and provide
opportunities for development and success in the future.

Income Amount (VND/month)

Family financial support 5,000,000
Part Time-jobs 1,000,000
Total Income 6,000,000

Expenses Amount (VND/month)

Basic Expenses
Rent 2,000,000
Food 1,500,000
Transportation 500,000
Education Expenses
Tuition (outside school) 1,000,000
Other Expenses
Entertainment, shopping, health check-ups, etc. 1,000,000
Total Expenses 6,000,000

Investments Amount (VND/month)

Stock Investments 500,000
Mutual Funds 300,000
Total Investments 800,000

Savings Amount (VND/month)

Emergency Fund 500,000
Long-term Savings 700,000
Total Savings 1,200,000