Name: ANNALOU B.

TADIT
Professor: MARIO M. BERMUDEZ, CESO VI, DM
Subject: FINANCIAL PLANNING AND BUDGETING (EdMngt 304)
Date: April 1, 2022

1. Prepare an Individual Financial Plan for three (3) years showing your
salary/income, expenses, savings and expenses. Include in your plan how
will you monitor it. You are free to use any available financial plan
template.
YEAR 2022 YEAR 2023 YEAR 2024 TOTAL
INCOME
Salary 156, 000.00 156, 000.00 156, 000.00 468, 000.00
Interest Income 144, 000.00 144, 000.00 144, 000.00 432, 000.00
900, 000.00
SAVINGS
Bank 24, 000.00 24, 000.00 24, 000.00 72, 000.00
72, 000.00

EXPENSES
Electricity 25, 200.00 25, 200.00 25, 200.00 75, 600.00
Water 3, 360.00 3, 360.00 3, 360.00 10, 080.00
Car Renewal and
Maintenance 10, 000.00 10, 000.00 10, 000.00 30, 000.00
Load 3, 600.00 3, 600.00 3, 600.00 10, 800.00
Gasoline 36, 000.00 36, 000.00 36, 000.00 108, 000.00
Groceries 60, 000.00 60, 000.00 60, 000.00 180, 000.00
Clothing 10, 000.00 10, 000.00 10, 000.00 30, 000.00
GSIS Loan 5, 241.20 5, 241.20 5, 241.20 15, 723.60
Bank Loan 120, 445.44 120, 445.44 120, 445.44 361, 336.32
Majar Services 5, 400.00 5, 400.00 5, 400.00 16, 200.00
837, 739.92

TOTAL INCOME +TOTAL SAVINGS-TOTAL EXPENSES=

900,T 000.00+72,
h i s 739.92=134,f 260.08i
000.00-837, n a n c i a
134, 260.08/3= 44, 753.36/3
= 44, 753.36/12
= 3, 729.45 this will be my additional savings every month.

savings that manage my finances and reach my goals in life.

2. Submit a Reflection Paper on the importance of financial planning to you
as an individual. Reflect on your personal practice as you contextualize its
importance.
Financial planning is a continuous process that can assist me in making
well-informed decisions that will help me to reach my life's objectives.
When I was in my younger years I always heard this statement from my
mother, “spend your money/baon wisely” that’s why I get a certain amount buying
candies and paper and selling them inside our classroom. Until now that I have my
own family and own my business I practice every time I receive a “blessing”
coming from my work. My parents taught me to save or put some money for future
use.
It is important to save money since it allows us to build wealth. As a result,
we are able to earn more money not for today but for future needs. Savings acts
as a safety net for unexpected events. Finally, one of the determinants of how
affluent we are or will become is our ability to save money.

3. Compute your school’s approximate monthly Maintenance and Other

Operating Expenses (MOOE) based on your current enrolment, number of
teachers, number of classrooms and number of graduates. Use your e-
BEIS data in the computation.
Habitat Community Elementary School has a 555 total population
of learners from Grade IV to VI, thirteen (13) instructional rooms,
eighteen (18) classroom teachers and at the end of the school year, the
school has 174 learners who will graduate.

PUBLIC SCHOOL’S MOOE ELEMENTARY

Fixed Cost 117, 600
Enrolment Cost 300
Teachers Cost 6, 000
Classroom Cost 4, 500
Graduating Cost 376

Computation:
=117, 600+(4, 500 x 13)+ (6, 000 x 18)+(300 x 555)+(376 x 174)
= 117, 600+ 58, 500+108, 000+166, 500+65, 424
= 516, 024/12 months
= 43, 002/month