Marianne Rose H.

Gloriane BU – College of Education

BCAEd – 2 October 7, 2022
TOPIC 5 – FINANCIAL LITERACY

ACTIVITY 5:

TASKS:
1. On the table in the next page, analyze your current fund sources, and expenses

MY CURRENT FUND SOURCES AND EXPENSES

(For the Whole Month or September)

SPECIFIC
CATEGORY FUND SOURCES AMOUNT OF
2. EXPENSES

School Allowance Mother and Father’s ₱400

Salary
Apartment Rent Mother’s Salary ₱2,000
Transportation Allowance Mother’s Salary ₱100
Grocery Allowance Mother’s Salary ₱700
Food Allowance Mother’s Salary ₱500
Pocket/Extra Money Mother and Father’s ₱500
Salary
a feasible long-term financial plan (ipon challenge). TOTAL: ₱4,200
My Financial Plan
A. I plan to increase my fund sources by:
 Saving money
 Having bank accounts
 Make a small business
 Applying for different offered scholarship programs
 Lessening my debts
 Planning my financial system
 Investing to something not just in my necessities

B.
 I, Marianne Rose H. Gloriane, promise to save amount every day on the
month of November.

My target savings for this period is three hundred pesos (₱300). I am

aiming for this total amount of savings because I plan to deposit ten pesos each

day for the whole month of November in my bank account.

REFLECTION QUESTIONS:
1. What is a major setback for you towards becoming financially literate?

The major setback for me towards becoming financially literate is

having a big amount of expenses every day. I consider this as a major
setback because I tend to forget saving money whenever I have to buy a lot
of necessities in a row. Because of this, the level and progress of my financial
literacy becomes low.

2. What principle/ tip in financial literacy is the most important for you?

There are several tips to be financially literate but the most important
for me is to use budgeting techniques. This principle will allow me to know my
goals and to be aware of my expenses every single day. This will enable me
to prioritize my needs rather than my wants. With the use of this, I will be able
to stay on budget and in case of emergency, I have money to use and spend
on.