MISAMIS UNIVERSITY Prepared by: Document Code: Module Reference

Ozamiz City MU-SHS-LM-031 No.

Office of the Vice President MARTHY D. DALID, MBA, LPT 7.1
for Academic Affairs Instructor
Checked by: Revision Date: Units:
BASIC EDUCATION June 30, 2020 4.0
DEPARTMENT ROJ Z. COMPO
Associate Principal
Reviewed by: Revision No.: Subject Code:
LEARNING 0 Fin. 1
MODULE ANALYN S. CLARIN, MAEd-ELT
Principal, Basic Ed. Dept.
Approved by: Prerequisite: Co-requisite:
Fundamentals of Fundamentals of
ARIEL R. CLARIN, PhD-Ed ABM 1 ABM 2
Director for Instruction
Descriptive Title: Business Finance
MU-ACA-041A/30May2020

Module 7.1
Identifying Money Management Philosophy

I. Course Outcome : CO7: Demonstrate an understanding of the philosophy and

practices in personal finance.
II. Learning Outcome/s : LO7.1: Identify money management philosophy.
III. Time Frame : 4.5 Hours
IV. Introduction/Outline : In this session, you will understand the concept of inflation; and
the value of savings and investments.

Below are key concepts for reading. Details of these concepts are discussed further in the
textbook “Exploring Small Business and Personal Finance” by Yumang, K. L., Chan Pao, T. P.
L., Benito, P.P. Phoenix Publishing House 2016.

As the golden rule of personal finance, you need to save a portion of your allowance or salary
for your future needs. Mathematically, this is expressed as follows.

INCOME-SAVINGS= EXPENSE

Do not do what most people do, which is :

INCOME_EXPENSE= SAVINGS

The two equation are one and the same. However, what sets them apart is the mindset that
comes into the situation. In the first equation, savings is thought of as planned expense. That is
why saving is also called “paying yourself first.” In the second equation, it is thought of as a
leftover from expense.

INFLATION happens with the general rise in the prices of goods and commodities. This
occurs when spending increases relative to the supply of goods.

Inflation affects purchasing power. Purchasing power is the amount of goods and services
money can buy.

V. Learning Materials : 1. A. Handouts (printed copy)

Module 7.1: Identifying Money Management Philosophy
B. Word-file Document (soft copy)
Filename 1: Identifying Money Management
Philosophy.docx
2. Powerpoint Presentation
PROPERTY OFMISAMIS UNIVERSITY Page 1 of 2
 Filename: Managing Personal Finance.ppt
This file can also be accessed online through our MU-OLE or
Group Page.
3. Screencast Video
Filename: How to Manage Your Money.mp4
This file can also be accessed online through our MU-OLE or
Group Page.
4. Writing Materials: Pen and paper
VI. Supplementary
Learning Resources : A. Books:
 R1: Aduana, Nick L. Business Finance in the
Philippine Settings. C&E Publishing. 2017
 R2: Yumang, K.L., Chan Pao T.Y.L., Benito, P. P.
Exploring Small Business and Personal Finance. The
Phoenix Publishing House, Inc. 2016
 R3: Ross, S. A. Fundamentals of Corporate Finance.
McGraw-Hill Companies, Inc. 2006.
 R4:Mejorada, N. D. Business Finance. Goodwill
Trading Co., Inc. 2003.

B. Website Address/URL:
https://t.co/sKh0mVY9AG
VII. Learning Activities : 1. School-based Activities
1. Discussion on managing personal finance.
2. Watch the powerpoint presentation on managing personal
finance.
2. Homed-based Activities
1. Watch and listen to the screencast video uploaded on our
MU-OLE/Group Page to go back to the discussion on
how to manage your money.
2. Do “Activity 1: Discussion” on page 3 of this module.
3. School-Based Activities
1. Do “Activity 2: Modified True or False/Enumeration” on
page 4 of this module.
VIII. Equipment : Laptop & TV Projector
IX. Student Feedback : Your feedback is important. Please do not leave this blank. This
portion will allow us to evaluate how this module is going. Your
feedback will help improve this module for future revision.

1. Which part of this module did you find interesting? Why?

2. Which part of this module did you consider challenging? Why?

PROPERTY OFMISAMIS UNIVERSITY Page 2 of 2