MONEY TSF

MANAGEMEN
T
PHILOSOPHIES
BY: DIVINA GRACE R.
LIBREA
After going through this lesson,
you are expected to :
1) Differentiate needs and wants;
2) Explain personal finance; and
3) Create your personal finance.
 REVIEW OF PAST
LESSON
 Investment and its types
 Risk and its 2 fundamental
types
 Diversification
 Ways and Means to
minimize investment risks
How do you do your
personal finance?

Are you practicing

savings in banks?
How do you do your
personal finance?

Do you already
have property at
your age?
How do you do your
personal finance?

Or do you have
piggy banks at your
home?
 Piggy Bank is the
perfect symbol for
personal finance in
your early years.
Learning to prioritize is
an essential part of good
money management.
 My Needs and Wants:
Can You Tell the
Difference?
NEEDS WANTS

Basic for your Desirable to

survival make your life
more
comfortable
My Needs and Wants

Foods
Wifi
Latest iPhone
Clothes
Ilocos Tour
 What is PERSONAL
•
FINANCE?
It is a term that covers managing your money as well
as saving and investing.
• It is about meeting personal financial goals whether it’s having
enough for short-term financial needs, planning for retirement, or
saving for your college education.
 10 Basic 1.Organize your finances
2.Spend less than you earn
Principle of 3.Put your money to work
4.Limit debt to Income-Producing
Financial Assets
5.Continuously Educate Yourself
Management 6.Understand Risk
7.Diversification is not just for
investments
8.Maximize your employment
benefits
9.Pay attention to taxes
10.Plan for the unexpected
#1 Personal finance covers
managing your money as well as
saving and investing.

TRUE FALSE
#2 Saving money means giving up
the opportunity cost to apply for
credit cards.

TRUE FALSE
#3 Income is the term for the
money you earn.

TRUE FALSE
#4 In order to effectively
manage money, you need a
budget.

TRUE FALSE
#5 The three key principles in
personal money management are
assessment, prioritization, and
restraint.
TRUE FALSE
What will your life look like 5, 25,
and 50 years from now?
5 years 25 years 50 years
How old will you be?

Where will you live?

How will you earn money?

How will you spend your money?

THANK YOU