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FM Project

The document outlines a personal financial analysis and budgeting plan aimed at teaching students the importance of financial management, including budgeting, expense tracking, and investment planning. It includes guidelines for income analysis, expense tracking, budget creation, savings and investment planning, financial goal setting, and reflection on the process. Deliverables include a written report and optional visual aids, with evaluation criteria focusing on completeness, logical budgeting, goal setting, reflection quality, and report organization.

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Sophia Nicole Cagadas
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9 views2 pages

FM Project

The document outlines a personal financial analysis and budgeting plan aimed at teaching students the importance of financial management, including budgeting, expense tracking, and investment planning. It includes guidelines for income analysis, expense tracking, budget creation, savings and investment planning, financial goal setting, and reflection on the process. Deliverables include a written report and optional visual aids, with evaluation criteria focusing on completeness, logical budgeting, goal setting, reflection quality, and report organization.

Uploaded by

Sophia Nicole Cagadas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PERSONAL FINANCIAL ANALYSIS AND BUDGETING PLAN

Objectives:

 To understand the importance of personal financial planning.


 To apply financial management concepts such as budgeting, expense
tracking, savings, and investment planning.
 To develop practical skills in managing personal finances.

Guidelines:

Introduction

o The student will write a brief introduction explaining the


significance of personal financial management.
o The introduction should highlight common financial challenges
and the importance of budgeting.

Income Analysis

o Students will identify their sources of income for the month (e.g.,
salary, allowance, side jobs).
o They will calculate the total monthly income.

Expense Tracking

o Students will track all their expenses for the month, categorizing
them into fixed expenses (e.g., rent, utilities) and variable
expenses (e.g., groceries, entertainment).
o They should keep detailed records of their spending and provide
a summary of these expenses.

Budget Creation

o Based on their income and expense tracking, students will


create a budget.
o The budget should include categories like savings, emergency
fund, debt repayment, and discretionary spending.
o They will calculate the percentage of income allocated to each
category and compare it with recommended financial guidelines
(e.g., 50% needs, 30% wants, 20% savings).

Savings and Investment Planning

o Students will create a simple savings or investment plan.


o They should outline short-term and long-term savings goals (e.g.,
emergency fund, retirement fund, vacation) and propose
strategies to achieve them.
o For more advanced students, they can include basic investment
options (stocks, mutual funds, bonds) and their potential benefits.
Financial Goal Setting

o Students will set financial goals for the next 6-12 months.
o These goals can include paying off debt, increasing savings, or
investing for the future.
o They should explain how they plan to meet these goals.

Conclusion and Reflection

o The student will reflect on the process of managing personal


finances, what they learned, and how they plan to apply financial
management principles in the future.
o They should evaluate their budget and goals, and discuss any
adjustments they might make after reviewing their analysis.

Deliverables:

 A written report that includes

o An introduction
o Income analysis and expense tracking data
o A completed budget
o Savings and investment plan
o Financial goal setting
o Reflection and conclusion

 An optional visual aid such as a pie chart or table summarizing their


budget and financial analysis.

Evaluation Criteria:

 Completeness and accuracy of the income and expense analysis.


 Logical and realistic budget creation with clear categorization.
 Thoughtfulness in setting financial goals and creating a savings or
investment plan.
 Quality of reflection on the financial management process.
 Clarity and organization of the written report.

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