FINANCIAL

MANAGEMENT

NAME: CLASS:
ANNEESA BINTI 4 ZUHRAH
A.H.HAFEEZ

TEACHER: DATE:
NOOR AZLINA BINTI 2 DECEMBER 2021
ABDUL MAJID
CONTENT

INTRODUCTION

OBJECTIVE

FINANCIAL PLAN

GOAL SETTINGS

CONCLUSION

REFERENCES
INTRODUCTION
FINANCIAL MANAGEMENT

FINANCIAL MANAGEMENT IS A PROCESS THAT INVOLVES MANAGING MONEY

FROM SOURCES OF INCOME INTO SAVINGS,EXPENSES,PROTECTION AND
INVESTMENT.

THERE ARE FIVE STEPS IN FINANCIAL MANAGEMENT PROCESS:

SETTING GOALS
EVALUATING FINANCIAL STATUS
CREATING FINANCIAL PLAN
CARRYING OUT FINANCIAL PLAN
REVIEWING AND REVISING THE PROGRESS

SMART FINANCIAL PLAN

SPECIFIC
- A GOAL MUST BE SPECIFIC
KNOW WHAT YOU WANT!

MEASURABLE
- GOAL CAN BE CALCULATED
- HOW MUCH MONEY IS NEEDED?

ATTAINABLE
- CAN IT BE ACHIEVED WITH
THE CURRENT INCOME /SAVINGS?

REALISTIC
- CAN IT BE ACHIEVED?IS IT LOGIC?

TIME-BOUND
- HAVE TO ACHIEVE IN ______?

OBJECTIVE

TO SOLVE FINANCIAL
MANAGEMENT
PROBLEMS USING
SMART FINANCIAL
GOALS
 FINANCIAL PLAN
ENCIK HAFEEZ'S FAMILY FINANCIAL PLAN

CASH FLOW = TOTAL INCOME - TOTAL EXPENSES

= RM1125 - RM590
= RM535
 GOAL SETTINGS
SHORT-TERM FINANCIAL GOALS

ENCIK HAFEEZ PLANS TO BUY A CASIO WATCH IN 3 MONTHS.THE

PRICE OF THE WATCH IS RM150.THEREFORE,HE NEEDS TO SAVE
ABOUT RM50 PER MONTH TO ACHIEVE HIS FINANCIAL GOAL.

S - HIS GOAL IS TO BUY A CASIO WATCH.IN THIS CASE,ENCIK

HAFEEZ'S GOAL IS SPECIFIC BECAUSE HE AIMS TO BUY A
CASIO WATCH.

M - ENCIK HAFEEZ'S SPECIFIC GOAL CAN BE CALCULATED AS

HE KNOWS THE AMOUNT OF MONEY NEEDED TO BUY THE
CASIO WATCH.IN THIS CASE,ENCIK HAFEEZ'S GOAL CAN
BE MEASURED BECAUSE HE KNOWS HOW MUCH MONEY IS
NEEDED TO BUY THE CASIO WATCH

A - ENCIK HAFEEZ'S FINANCIAL GOAL IS ATTAINABLE

BECAUSE IT CAN BE ACHIEVED BY SAVING RM50 A MONTH
FROM HIS AND HIS WIFE MONTHLY INCOME OF RM1250.

R - ENCIK HAFEEZ'S FINANCIAL GOAL OF BUYING THE CASIO

WATCH IN 3 MONTH IS REALISTIC.HE WILL SAVE RM50 A
MONTH TO ACHIEVE THE GOAL.

T - ENCIK HAFEEZ'S FINANCIAL GOAL IS TIME-BOUND

BECAUSE IT HAS A TIME LIMIT OF THREE MONTHS.
 LONG-TERM FINANCIAL GOALS

ENCIK HAFEEZ AND PUAN JAMILAH PLAN TO BUY A

SECONDHAND PROTON WIRA CAR WORTH RM3500 IN
2 YEARS.THEY NEED TO SAVE A TOTAL OF RM145.83
PER MONTH FROM THEIR TOTAL MONTHLY INCOME
WHICH IS RM1250 PER MONTH TO ACHIEVE THEIR
FINANCIAL GOAL.

S - ENCIK HAFEEZ AND PUAN JAMILAH'S GOAL IS TO BUY A

SECONDHAND PROTON WIRA CAR.IN THIS CASE,THEIR
GOAL IS SPECIFIC BEACUSE THEY AIM TO BUY A CAR OF
A SPECIFIC BRAND,TYPE AND PRICE.

M - ENCIK HAFEEZ AND PUAN JAMILAH'S GOAL CAN BE

CALCULATED AS THEY KNOW THE AMOUNT OF MONEY
NEEDED TO BUY THE SECONDHAND PROTON WIRA
CAR.IN THIS CASE,THEIR GOAL CAN BE MEASURED
BECAUSE THEY KNOW HOW MUCH MONEY IS NEEDED TO
BUY THE CAR.

A - ENCIK HAFEEZ AND PUAN JAMILAH'S FINANCIAL GOAL IS

ATTAINABLE BECAUSE IT CAN BE ACHIEVED BY SAVING
RM145.83 A MONTH FROM THEIR MONTHLY INCOME OF
RM1250.

R - ENCIK HAFEEZ AND PUAN JAMILAH'S FINANCIAL GOAL OF

BUYING THE SECONDHAND PROTON WIRA CAR IN 2
YEARS IS REALISTIC.THEY WILL SAVE RM145.83 A
MONTH TO ACHIEVE THE GOAL.

T - ENCIK HAFEEZ AND PUAN JAMILAH'S FINANCIAL GOAL IS

TIME-BOUND BECAUSE IT HAS A TIME LIMIT OF 2 YEARS.

 CONCLUSION

THE SMART CONCEPT

WILL HELP US TO
CONTROL OUR SPENDING
IN ORDER TO ACHIEVE
THE DESIRED FINANCIAL
GOALS
REFERENCES

MATHEMATIC
TEXTBOOK
KSSM FORM 4
(PAGE 272 -
279)