FINANCIAL

MICAELA L. OBLAN
LITERACY
Terminal Objective :
To apply your understanding of
financial literacy and its
importance in making personal
financial development plan and
be determined in achieving
your financial success.
Enabling objectives:
1.Identify principles of financial literacy and its
importance in improving personal practice.
2. Analyse by charting one’s own financial standing
by creating a table showing cash flow
(Income VS Expenses)
3. Use the cash flow tracker/spending plan in
charting one’s financial success
4. Determine ways of achieving financial success
Activity
Time!
Self-Assessment:
Answer the following questions on financial practices by ALWAYS, SOMETIMES or NEVER
with all honesty.
1.Pay the rent/mortgage payment and utility bills on time?
2.Save at least 10% of your net income?
3.Keep three months net income in reserve for emergencies?
4. Plan ahead for large expenses?
5. Set and keep financial goals?
6. Follow a budget?
7. Shop for comparison?
8. Regularly review your credit report?
9. Examine your checking account statements often?
10. Continue your financial education?
Scoring:
Add your points using this
system

ALWAYS - 2 points
SOMETIMES - 1 point
NEVER - 0 point
 
 TOTAL SCORE INTERPRETATION
Indicates a need to take
0-10 points control of your finances
reflects a good effort to
11-15 points manage your money
efficiently
demonstrates ability to
16-20 points manage your finances
successfully
FINANCIAL
LITERACY?
 FINANCIAL
LITERACY
Financial Literacy is the education
and understanding of knowing how
money is made, spent, and saved.
PERSONAL FINANCIAL
LITERACY
refers to YOUR efficiency in managing personal
finances through making appropriate decisions in
budgeting,
saving, investing, and planning.
ACTIVITY
Make your own Budget
and Spending Plan using
the template in the next
slide
 My Budget and Spending Plan
  Planned Actual
Income    

Salaries (Net)    

Other Income    

Total Income    

Expenses    

Savings    

Rent and Utilities    

Internet & Communication    

Food (Groceries)    

Food (Eating Out and Snacks)    

   
Vehicles and Insurance
Transportation Expenses    

Health Expenses    
   
Clothing Expenses
   
Travel (Leisure)
Total Expenses    

Income less Expenses    

https://tinyurl.com/budgetspendingplan
Reminders:

1. Refer to our chat box for the Budget Plan Template and
link where to submit your finish task.
2. Submit the task on or before July 10, 2022