FINA

NCIA
LITE
L
RAC
Y
JANE P. VALENCIA, ED.D.
Senior Education Program Specialist
Research and Planning

Objectives
To understand the benefits of personal
financial planning
To analyze my personal financial fitness
To create and apply a viable and practical
personal financial plan
To achieve and sustain our goal of >>>
FINANCIAL FREEDOM.

GOALS IN LIFE

GOALS IN LIFE

ACTIVITY
Direction:
1.Roam around and shake the hands of the
people you havent met before today
2.Talk to the person/s and try to ask about
his/her name, from where, ask about his
needs, wants and dreams
3.Be able to remember the details and have
it shared to the group afterwards

What are the things you need

and the things that you want?

What are the things you need

and the things that you want?

What are the things you need

and the things that you want?

What are the things you need

and the things that you want?

If your problem is
how to handle
MONEY, no amount
of MONEY will solve
your MONEY
problem.

May Suweldo Na!!!

List down 5 major things you do with
your money upon receiving your
monthly income

Finances - Money

PAANO
BUKAS

WALA
NANG

KUNG

KA

TRABAHO

HOSPITAL BILLS

THE FAILURE TO
PLAN IS
A PLAN TO SURELY
FAIL.
- WINSTON CHURCHILL

CONTINGENCY Fund

contingency : kntinjns
a future event or circumstance that is
possible but cannot be predicted with
certainty.
a provision for an unforeseen event or
circumstance.

FINANCIAL ISSUES

Emergency Expense
Health Care Expense
Education Expense
Retirement Money
Income Continuation Fund
Estate Tax Fund

SAVE

FINANCIAL FREEDOM
It is the process of managing your money
to achieve your life goals and live your
desired lifestyle.
It is the creation of PASSIVE INCOME and
letting our money work for us.

Our goal is to be able to live according to

our desired lifestyle and preparing a
secure future for ourselves and our
loved ones.

Why PLAN?
1. The lack of financial planning will
eventually lead to financial problems.
2. Planning is natural to the process of
success, as the lack of it is natural for
the process of failure.
THE FAILURE TO PLAN IS A PLAN
SURELY TO FAIL.

MONEY MATTERS THAT MATTER

MONEY=VALUE
ACTIVE INCOME

PASSIVE INCOME

YOU WORK FOR

MONEY

MONEY WORKS FOR

YOU

MONEY=VALUE
ACTIVE INCOME

PASSIVE INCOME

EFFORT
TALENT
TIME depends on
persons capacity, stops
when tired or ill

CAPITAL-savings
SYSTEM
TIME works 24/7,
never gets tired or ill

MONEY=VALUE
The main tool to gain FINANCIAL
FREEDOM is to create and sustain
PASSIVE INCOME - letting your
money work for you.

FINANCIAL GOALS

BACK-UP/EMERGENCY FUND
ASSET PROTECTION
HEALTH FUND/INSURANCE
EDUCATION FUND
INCOME CONTINUATION FUND
RETIREMENT FUND
ESTATE PLANNING

Personal Financial Planning

Is the process of managing your money to
achieve life goals and live desired lifestyle.
Is unique to each individual or family.

Living according to your

desired lifestyle while
preparing for the future.

Its NOT
about

Its ALL
about

Its NOT
about

Its ALL
about

Its NOT
about

Its ALL
about

Its NOT
about

Its ALL
about

Its NOT a

Its ALL
about

FINANCIA
L

1. Assess your current financial situation

2. Determine financial goals/issues

3.

Create and implement a financial action plan

4. Evaluate and revise action plan

5. Identify alternative courses of action

What must we do?

R.E.A.L. Situation
Revenue

Assets

Gross income
Employment
Investments
Business

Feeds you
Puts money into
your pocket
Earn more

Expenses

Liabilities

Food, Clothing,

Shelter
Education
Vacation/Leisure
Taxes

Eats your
resources
Takes money out
of your pocket.

Ang

R.E.A.L. idad!

Revenue

Assets
RO Liabilities

PU
Expenses

,
S
O
T
S
A
G ito nangyari?
G
Paano
N
A
L
WA N
IPO

Dapat na

R.E.A.L. idad!

Revenue

Assets

Expenses
SAVINGS

Liabilities

Ang

R.E.A.L. idad!

Revenue
Expenses

Assets
Liabilities

Mahirap nga ba mag-ipon?

SAVE

2 ways to increase SAVINGS:

1. EARN MORE

OVERTIME
PART-TIME JOB
BUY AND SELL
BUSINESS

2. REDUCE EXPENSES
TIPIDATION OR
CONTROL UNWANTED
EXPENSES
PRIORITIZE NEEDS
OVER WANTS
PUT BUDGET CEILINGS
BUY CHEAPER
ALTERNATIVES

5 STEPS TO FINANCIAL
FREEDOM:
1. ELIMINATE AND AVOID BAD DEBTS
2. LIVE BELOW YOUR MEANS

3. EARN MORE
4. SAVE MORE
5. INVEST MORE

THE FAILURE TO
PLAN IS
A PLAN TO SURELY
FAIL.
- WINSTON CHURCHILL

REAL LOVE INVOLVES

PLANNING A SECURE AND
GOOD FUTURE FOR YOUR
LOVE-ONES.

For I know the plansI

have for you, declares
11

theLORD, plans to
prosper you and not to
harm you, plans to give
you hope and a future.
-Jeremiah 29:11 (NIV)

REALIZATION
Write 5 things you will start to do after your
realization on the importance of
Financial Planning?

ACT NOW!
BE RESPONSIBLE
FOR THE FINANCIAL
SUCCESS OF YOUR

FAMILY.

THANK YOU
FOR LISTENING!