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  • Personal Finance Lesson 2

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    janel anne yvette soriano
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    The document discusses key concepts in personal finance including net income, expenses, savings, debt, breakeven point, budget, and investment. It explains the process of budgeting where net income minus expenses should equal savings. Savings can then be allocated to short and long term plans, with potential investment options including banks and businesses. It also touches on debt being divided into current and non-current, and expenses having fixed and variable components.

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    The document discusses key concepts in personal finance including net income, expenses, savings, debt, breakeven point, budget, and investment. It explains the process of budgeting where net income minus expenses should equal savings. Savings can then be allocated to short and long term plans, with potential investment options including banks and businesses. It also touches on debt being divided into current and non-current, and expenses having fixed and variable components.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    36 views14 pages

    Personal Finance Lesson 2

    Uploaded by

    janel anne yvette soriano
    The document discusses key concepts in personal finance including net income, expenses, savings, debt, breakeven point, budget, and investment. It explains the process of budgeting where net income minus expenses should equal savings. Savings can then be allocated to short and long term plans, with potential investment options including banks and businesses. It also touches on debt being divided into current and non-current, and expenses having fixed and variable components.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 14

    BASIC

    CONCEPTS
    Lesson 2
    Personal Finance

    NET INCOME EXPENSES SAVINGS


    Personal Finance

    SAVINGS

    NET EXPENSES
    INCOME
    INVESTMENT
    Personal Finance

    NET INCOME EXPENSES DEBT


    Personal Finance

    NET INCOME EXPENSES BREAKEVEN


    PROCESS

    EXPENSES

    EXPENSES
    BUDGET
    NET INCOME EXPENSES
    Basic Composition

    NET
    INCOME

    Interest from
    SALARY
    Investments

    INTEREST FROM UNEXPECTED


    RECEIVABLES MONEY
    Basic Composition

    BUDGET

    Personal
    Savings
    Necessities

    Common Expenses Unexpected Expenses


    Basic Composition

    SAVINGS

    SHORT TERM PLAN LONG TERM PLAN


    Basic Composition

    INVESTMENT

    Banks Business

    Accounts Receivable
    Basic Composition

    DEBT

    Current Non-Current
    Basic Composition

    EXPENSES

    FIXED EXPENSE VARIABLE EXPENSE


    Task:
    ◦ Look for the definition of each terms on the discussion
     “A man who pays his bills on time is soon
    forgotten.”
    ◦ ~Oscar Wilde~

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