PERSONAL

CREDIT
MANAGEMENT
Financing personal credit plan effectively
 Overview of Personal Credit
Management
Definition
A personal credit management is A form of
financial aid to a individual to meet his/her
personal use How to manage personal credit
Make sure for necessary items only
Plan repayment – settle more than the borrowed
amount and/or settle early
Example
Personal needs are purchase furniture, buying
expensive equipment, marriage, vacation,
business start-up and many others.
 Personal Financial Growth

Saving money Growing money Investing money Protecting money

Establish an emergency Reduce monthly Invest the money you Keeping an eye on the
savings account with 3  expenses and save saved into stocks, into money coming in and
to 6 months living money in the bank properitys out of your household.
expenses
 Managing Personal Finances

Assess Your Financial Situation Invest Your Money

Determine net worth by subtracting total Each type of investment has a different
liabilities from total assets. level of risk and offers a different return
on the investment.

Create a Budget Manage Debt

A budget is a plan used to track income To get control over debt, an individual
and expenses. You should create budget can sell investments, negotiate with a
for medical aids for your health. creditor to repay the debt in a payment
Choose a Bank that is Right for You plan, or file for bankruptcy.
Be aware that some banks charge more
fees for some services than other banks.
 How to improve personal
credit management
04 02 01
Don’t Be Afraid Pay off Debt Make and Stick Flesh out Your Detail Your
to Ask for to a Budget Plan Financial Goals
Save up an Set long-term
Advice Use budgeting Building an
emergency fund goals, short-term
to cover software with  emergency fund
a mobile app  goals, and
unexpected prioritize your
expenses, so you goals
aren't tempted to
use a credit card

05 to cover them.
03
 Bad habit for personal credit
management
01
Not Budgeting
Not planning
financial goal for
the future

02
Paying the
Minimum
Repayments

03
Impulse
Shopping and
Deal Hunting