LEARNING REFLECTION

Name of Activity

BUDGETING SPENDING INVESTING SAVING

Why: Why: Why: Why:

How: How: How: How:

EXPLANATIONS

Budgeting ensures us to have enough money for the things needed and those important ones
and will keep one out of debt. In order to do this, the following steps could help us: Setting realistic
goals, Identifying income and expenses, Separating needs from wants, Designing budget, Put plans in
action , Plan for seasonal expense and lastly look ahead in having a stable budget that can take a month
or two.

When it comes in spending, If budget goals serve as financial wish list, a spending plan is a way
to make those wishes into reality and to Turn them into an action plan. We can do practical strategies in
setting and prioritizing budget goals such as: By starting in listing goals, Dividing your goals according to
how long it will take to meet each goal, estimating the cost of each goal and by finding how much it cost,
Having a project future cost, calculating how much you need to set aside each period and lastly, by
prioritizing your goals.

Investing is a good attitude, As teachers, when you saved more money that what you expect at a
time of need, consider investing this money to earn more interest than what your savings account is
paying you. There are many ways you can invest your money but consider four aspects: How long will
you invest the money? (Time Horizon),How much money do you expect your investment to earn each
year? (Expectation of Return),How much of your investment are you willing to lose in the short-term in
order to earn more in the long-term? (Risk Tolerance), What types of investment interest you?
(Investment Type)

Saving is one of the most basic (and most repeated) bits of financial advice out there. It allows
you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback
should something unexpected happen. And, if you have savings set aside for discretionary expenses, you
may be able to take risks or try new things. To Simply put on how to dit, it's establishing the discipline to
put a certain amount of every paycheck into savings for your future before you pay any other bills. 

LET SAMPLERS: Taking the Examination

Read and analyze each item carefully. Choose the letter of the best answer.
A 1. Survey reveal that some teachers face their retirement without savings at hand which usually

bring them to worse poverty scenario. What are the reasons behind this?

I. Culture of extended family dependency

II. Lack of priority on retirement preparation during earning career years

III. Strong passion and value for the teaching profession

IV. Lack of value on their career effort and remunerations

A. I and II only

B. II and III only

C. II and IV only

D. I, II, III and IV

D 2. Who among the following would be mostly target victims of financial scammers?

A. The rich and powerful

B. The generous and kind

C. The passive and submissive

D. The finally illiterate

D 3. Which of the following strategies can teachers LEAST consider in preparing for their

retirement?

A. Continuing professional development towards promotion and increment

B. Sustain expenses relatively lower than salaries

C. Avail of life and retirement insurance

D. Frequent trips with grabbed promo fares and freebies

A 4. According to previous researchers, teachers go into unreasonable debts and loans which

eventually lead them to payables and unnecessarily leading them to surrender their ATM cards. Which

financial factor is considered the least to affect this practice and its results?

A. Savings

B. Expenses

C. Compensation and fringe benefits

D. Emergency funds

B 5. Why are people victimized by financial scams that end up to the loss of properties,

investments and savings, and even to ruining their lives?

A. They have not learned in school how to avoid being scammed

B. They desire for easy and quick money.

C. It is already their destiny that may happen anytime as sketched in the palm of their lives.

D. It is always part of life and it is just that they are not wise enough to cope with it.